Approval by the SEM

This announcement is not an invitation to the public to subscribe for shares in the Company and is provided for information purposes only.
The Board of Directors of Rockcastle, which is listed on the Official List of the Stock Exchange of Mauritius Limited (“SEM”) and the main board of the JSE Limited, wishes to announce that on 3 May 2016, the Listing Executive Committee of the SEM has approved the further issue and listing of up to 196 975 850 ordinary shares of the Company at a price per share that will not be less than the net asset value per Rockcastle share at the time any such issue and listing is announced. Such approval is a SEM regulatory requirement and provides the Company with the right to issue shares for a one year period and is not an invitation to the public to subscribe for shares.
In line with the Company’s strategy of investing in real estate and real estate companies, as detailed in the Listing Particulars dated 3 May 2016, the additional capital to be raised through the issue of these additional shares will be used by the Company to invest in listed real estate securities and/or direct property in selected jurisdictions.
As required by the Listing Rules of the SEM, the Listing Particulars of the Company, will be made available for inspection for at least 10 business days, during normal office hours (from 9 a.m. to 5 p.m. Mauritian time) at the registered office of the Company which is situated at c/o Intercontinental Trust Limited, Level 3, Alexander House, 35 Cybercity, Ebene 72201, Mauritius as from 3 May 2016.