Orion Real Estate Limited are advised of the acquisition by the company of two properties, namely Erf 21 Webber Township, Registration Division I.R., Gauteng, situated at 6 Morgan Road, Webber, Germiston, together with all land and buildings and other improvements thereon (also known as the Royal Palms Lodge) (Royal Palms Property), including all assets necessary to conduct the business of the rental enterprise from the Royal Palms Property (Royal Palms Acquisition); and Portion 2 of Erf 173 Airport Park Extension 4 Township, Germiston, Registration Division I.R., Gauteng, together with all land and buildings and other improvements thereon (also known as Dakota Business Park) ('Dakota Business Park Property'), including all assets necessary to conduct the business of the rental enterprise from the Dakota Business Park Property ('Dakota Business Park Acquisition'), (collectively 'Acquisitions' or 'Properties'), as going concerns from Jacques Landman and Osborn Property Holdings Proprietary Limited (which company is represented by Jacques Landman), respectively ('Seller/s', as the context indicates). The Sellers are not related parties to the Company. The effective date of the Acquisitions will be the date of transfer of the respective properties into the name of the company. The total consideration for the Royal Palms Acquisition is ZAR 13,500,000, exclusive of VAT at 0%, of which ZAR 11,500,000 will be payable in cash (Royal Palms Cash Price) and the balance of ZAR 2,000,000 through the issue of 2,105,264 Orion Real Estate shares at ZAR 0.95 per share (Royal Palms Subscription Price) (Royal Palms Share Issue). If VAT becomes payable at a rate exceeding 0%, the agreement will immediately be cancelled without a claim against the other party. The Royal Palms Cash Price shall be paid against registration of transfer of the Royal Palms Property into the name of the company ('Royal Palms Transfer Date'). This will be secured by way of a guarantee/s. The Royal Palms Subscription Price will be paid on the Royal Palms Transfer Date. The total consideration for the Dakota Business Park Acquisition is ZAR 32,000,000, exclusive of VAT at 0%, of which ZAR 30,000,000 will be payable in cash ('the Dakota Business Park Cash Price') and the balance of ZAR 2,000,000 through the issue of 2,105,264 Orion Real Estate shares at 95 cents per share ('the Dakota Business Park Subscription Price') ('the Dakota Business Park Share Issue'). If VAT becomes payable at a rate exceeding 0%, the agreement will immediately be cancelled without a claim against the other party. The Dakota Business Park Cash Price shall be paid against registration of transfer of the Dakota Business Park Property into the name of the company ('Dakota Business Park Transfer Date'). This will be secured by way of guarantee/s. The Dakota Business Park Subscription Price will be paid on the Dakota Business Park Transfer Date.