The Directors Atlantic Leaf Properties Limited C/O Ocorian Secretaries (Jersey) Limited 26 New Street St Helier Jersey JE2 3RA

The Directors Atlantic Leaf Properties Limited c/o Ocorian Secretaries (Jersey) Limited 26 New Street St Helier Jersey JE2 3RA

28 May 2020

Dear Sirs

CIRCULAR TO BE ISSUED BY ATLANTIC LEAF PROPERTIES LIMITED (“ATLANTIC LEAF” OR THE “COMPANY”)

1. Atlantic Leaf has prepared a circular (the “circular”) in terms of the Companies (Jersey) Law 1991, as amended (“Jersey Companies Law”), to be issued on or about 15 June 2020 relating to the recommended cash acquisition by South Downs Investment LP of the entire issued and to be issued share capital of Atlantic Leaf to be implemented by way of a Jersey Court sanctioned scheme of arrangement under Article 125 of the Jersey Companies Law. 2. We, Ocorian Secretaries (Jersey) Limited, hereby consent to our name being stated in the abovementioned circular as the company secretary to Atlantic Leaf. 3. We confirm that we have not withdrawn and undertake that we will not withdraw such consent prior to the date of publication of the circular.

Yours faithfully

______John Conway Director T +44 1534 507316 E [email protected]

26 New Street, St. Helier, Jersey T +44 1534 507000 Ocorian Secretaries (Jersey) Limited Channel Islands, JE2 3RA F +44 1534 507001 Ocorian Secretaries (Jersey) Limited is regulated by the Jersey Financial Services Commission ocorian.com

Ref 31156037 v 1

Our Reference : /DOCUMENT3/LM 28 May 2020

The Directors Atlantic Leaf Properties Limited c/o Ocorian Secretaries (Jersey) Limited 26 New Street St Helier Jersey JE2 3RA

Dear Sirs

CIRCULAR TO BE ISSUED BY ATLANTIC LEAF PROPERTIES LIMITED (“ATLANTIC LEAF” OR THE “COMPANY”)

2. We, Java Capital Trustees and Sponsors Proprietary Limited, hereby consent to our name being stated in the abovementioned circular as JSE sponsor to Atlantic Leaf. 3. We confirm that we have not withdrawn and undertake that we will not withdraw such consent prior to the date of publication of the circular.

Yours faithfully

Letrisha Mahabeer tel +27 (011) 722-3058 cell 060 544-6120 fax (086) 673 7124 e-mail [email protected]

Java Capital Trustees and Sponsors (Proprietary) Limited 2nd Floor 6A Sandown Valley Crescent Sandton 2196 South Africa PO Box 522606 Saxonwold 2132 Telephone +27 (0)11 722 3050 Facsimile +27(0)86 686 9061 Email [email protected] Directors A Bird A Brooking T de Mendonca K Joselowitz L Mahabeer A McLaren J Tyndale-Biscoe Registration No 2006/005780/07 VAT Registration No 4060255850

The Directors Atlantic Leaf Properties Limited c/o Ocorian Secretaries (Jersey) Limited 26 New Street St Helier Jersey JE2 3RA

28 May 2020

Dear Sirs

CIRCULAR TO BE ISSUED BY ATLANTIC LEAF PROPERTIES LIMITED (“ATLANTIC LEAF” OR THE “COMPANY”)

2. We, Perigeum Capital Ltd, hereby consent to our name being stated in the abovementioned circular as SEM authorised representative and sponsor to Atlantic Leaf.

3. We confirm that we have not withdrawn and undertake that we will not withdraw such consent prior to the date of publication of the circular.

Yours sincerely,

Shamin A. Sookia, Managing Director For and behalf of Perigeum Capital Ltd

Perigeum Capital Level 4, Alexander House, 35 Cybercity, Ebene 72201, Mauritius E: [email protected] l Tel: (230) 402 0890 l Fax: (230) 402 0891

LEGAL SERVICES

The Directors Atlantic Leaf Properties Limited c/o Ocorian Secretaries (Jersey) Limited 26 New Street St Helier Jersey JE2 3RA

28 May 2020

Dear Sirs

CIRCULAR TO BE ISSUED BY ATLANTIC LEAF PROPERTIES LIMITED (“ATLANTIC LEAF” OR THE “COMPANY”)

2. We, Bedell Cristin London Partnership, hereby consent to our name being stated in the abovementioned circular as legal advisors to Atlantic Leaf as to Jersey law. 3. We confirm that we have not withdrawn and undertake that we will not withdraw such consent prior to the date of publication of the circular.

Yours faithfully

Bruce Scott Partner

For and on behalf of Bedell Cristin London Partnership T +44 (0)20 7367 8309 E [email protected]

11 Buitengracht Street Cape Town 8001 PO Box 695 Cape Town 8000 South Africa Dx 5 Cape Town

T +27 (0)21 481 6300 F +27 (0)21 481 6388 E [email protected] W cliffedekkerhofmeyr.com

Also at Johannesburg and Stellenbosch

Atlantic Leaf Properties Limited Our Reference Peter Hesseling c/o Ocorian Secretaries (Jersey) Limited Account Number 10158224 26 New Street Your Reference St Helier Direct Line +27 21 405 6009 Jersey Direct Telefax +27 21 405 6199 JE2 3RA Direct Email [email protected]

Date 28 May 2020 Attention: The Directors

Dear Sirs

CIRCULAR TO BE ISSUED BY ATLANTIC LEAF PROPERTIES LIMITED (“ATLANTIC LEAF” OR THE "COMPANY")

1 Atlantic Leaf has prepared a circular (the "circular") in terms of the Companies (Jersey) Law 1991, as amended ("Jersey Companies Law"), to be issued on or about 15 June 2020 relating to the recommended cash acquisition by South Downs Investment LP of the entire issued and to be issued share capital of Atlantic Leaf to be implemented by way of a Jersey Court sanctioned scheme of arrangement under Article 125 of the Jersey Companies Law.

2 We, Cliffe Dekker Hofmeyr Inc., hereby consent to our name being stated in the abovementioned circular as legal advisors to Atlantic Leaf as to South African Law.

3 We confirm that we have not withdrawn and undertake that we will not withdraw such consent prior to the date of publication of the circular.

Yours faithfully

PETER HESSELING CLIFFE DEKKER HOFMEYR INC

CHAIRPERSON TG Fuhrmann CHIEF EXECUTIVE OFFICER B Williams CHIEF FINANCIAL OFFICER ES Burger

DIRECTORS: JOHANNESBURG F Ameer-Mia M Aphiri JA Aukema G Barkhuizen-Barbosa R Beerman E Bester P Bhagattjee BSS Boikanyo R Bonnet TE Brincker JJ Brink B Brown N Cara HLE Chang CWJ Charter CJ Daniel J Darling EF Dempster W de Waal S Dickson L Erasmus P Erasmus JJ Feris TS Fletcher L França TG Fuhrmann F Gattoo MZ Gattoo J Govender L Granville AJ Hofmeyr Q Honey WH Jacobs T Jordaan R Kelly BL King J King Y Kleitman AM le Grange FE Leppan# CJ Lewis HJ Louw G Masina NN Mchunu B Meyer WJ Midgley R Moodley A Moolman MB Mpahlwa MG Mphafudi J Naidoo KT Nkaiseng BP O’Connor H Parak A Patel GH Pienaar V Pillay DB Pinnock TZ Rapuleng AG Reid M Serfontein P Singh-Dhulam TP Smit L Smith S Spamer FP Swart T Tosen R Valayathum HR van der Merwe JG Webber JG Whittle DA Wilken B Williams MP Yeates

DIRECTORS: CAPE TOWN TN Baker TJ Brewis MR Collins A de Lange S Franks DF Fyfer J Gillmer JW Green AJ Hannie AM Heiberg PB Hesseling S Immelman JAD Jorge A Kariem KJ Keanly JA Krige IJ Lessing GC Lumb RE Marcus NS Mbambisa SI Meyer A Mhlongo T Moodley G Orrie§ CH Pienaar# L Rhoodie MB Rodgers BJ Scriba BPA Strauss DM Thompson CW Williams

EXECUTIVE CONSULTANTS: AC Alexander RD Barendse VMM Cadman M Chenia HS Coetzee PJ Conradie N Hancock J Latsky NW Muller J Neser FT Newham JM Witts-Hewinson

CONSULTANTS: A Abercrombie JMA Evenhuis∞ Prof A Govindjee JH Jacobs EJ Kingdon FF Kolbe M Kraus Q Moeletsi S Naidoo S Parbhoo C Pepermans J Sweet H Vrey

SENIOR ASSOCIATES: RS Alho KF Anderson A Bezuidenhout KA Biddulph C Bodenstein JL Botha CF Brockman JC Cameron L Chance LY Coffee E Cornelius BP Cripps N Dhana DV Durand C Dutilleux T Erasmus NK Fletcher RA Geswindt AJ Giliam K Govindsamy A Govuza B Hayath GT Howard SJ Jamieson TC Jegels SM Kelly N Loopoo AW MacPherson MP Manaka B Mangale V Manko S Mcetywa V Moodaley W Murray Z Ngakane VT Ngcobo BS Nhlapho AL Pereira J Roberts J Strydom KB Tlhabanelo YA van Leeve R Webster ER West K Weyers CA Wood

CLIFFE DEKKER HOFMEYR SERVICES PROPRIETARY LIMITED DIRECTORS: GC Badenhorst ES Burger JA Cassette AB Hoek MW Linington R Mouton B Williams

#British ∞Dutch §Cape Town Managing Partner

Cliffe Dekker Hofmeyr Inc. Reg No 2008/018923/21

The Directors Arundel Properties Limited c/o Ocorian Secretaries (Jersey) Limited 26 New Street St Helier Jersey JE2 3RA

28 May 2020

Dear Sirs and Madam

CIRCULAR TO BE ISSUED BY ARUNDEL PROPERTIES LIMITED (“ARUNDEL” OR THE “COMPANY”)

Atlantic Leaf has prepared a circular (the “circular”) in terms of the Companies (Jersey) Law 1991, as amended (“Jersey Companies Law”), to be issued on or about 15 June 2020 relating to the recommended cash acquisition by South Downs Investment LP of the entire issued and to be issued share capital of Atlantic Leaf to be implemented by way of a Jersey Court sanctioned scheme of arrangement under Article 125 of the Jersey Companies Law. We, Questco Corporate Advisory Proprietary Limited, hereby consent to: − act in the capacity stated in the circular; − our name being stated in the abovementioned circular as independent expert to the Company; and − the inclusion of and references to, or extracts from, our reports being included in the circular.

We confirm that we have not withdrawn and undertake that we will not withdraw such consent prior to the date of publication of the circular.

Yours faithfully

______Mandy Ramsden Director

Johannesburg: 1st Floor, Yellowwood House, Ballywoods Office Park, 33 Ballyclare Drive, Bryanston 2 02 1 Cape Town: 6th Floor, Claremont Central, 8 Vineyard Road, Claremont, Cape Town, 7700

Questco Corporate Advisory Proprietary Limited Registration Number: 2011/106751/07 Directors: A Ramsden; N Stevenson C Kloppers Principals: T Thackwray

Suite 315 – EBENE JUNCTION Rue de la Démocratie EBENE – MAURITIUS T : (230) 465 41 99 -F : (230) 465 4183 www.gplegal.mu

E: [email protected]

M: + 230 5729 6581

The Directors Atlantic Leaf Properties Limited c/o Ocorian Secretaries (Jersey) Limited 26 New Street St Helier Jersey JE2 3RA

28 May 2020

Dear Sirs

CIRCULAR TO BE ISSUED BY ATLANTIC LEAF PROPERTIES LIMITED (“ATLANTIC LEAF” OR THE “COMPANY”)

Associated offices: Paris – Saint Denis (Reunion) G&P LEGAL is a Registered Law Firm under Law Practitioners’ Act 1984 -Private company limited by shares BRN C15127389 – VAT 27318985

2. We, G&P Legal, hereby consent to our name being stated in the abovementioned circular as legal advisors to Atlantic Leaf as to Mauritian Law.

3. We confirm that we have not withdrawn and undertake that we will not withdraw such consent prior to the date of publication of the circular.

Yours faithfully

Priscilla PATTOO

Founder and Managing Partner

Associated offices: Paris – Saint Denis (Reunion) G&P LEGAL is a Registered Law Firm under Law Practitioners’ Act 1984 -Private company limited by shares BRN C15127389 – VAT 27318985

The Directors Email [email protected] c/o Ocorian Secretaries (Jersey) Limited 26 New Street Direct Dial Tel +230 203 4300 St Helier

Jersey JE2 3RA Your Ref

Appleby Ref 448130.0002/MM/KB

28 May 2020

Dear Sirs

Mauritius Office CIRCULAR TO BE ISSUED BY ATLANTIC LEAF PROPERTIES LIMITED (“ATLANTIC 7th Floor LEAF” OR THE “COMPANY”) Happy World House 37 Sir William Newton Street 1. Atlantic Leaf has prepared a circular (the “circular”) in terms of the Companies Port Louis (Jersey) Law 1991, as amended (“Jersey Companies Law”), to be issued on or 11328 about 15 June 2020 relating to the recommended cash acquisition by South Downs Republic of Mauritius Investment LP of the entire issued and to be issued share capital of Atlantic Leaf to Tel +230 203 4300 be implemented by way of a Jersey Court sanctioned scheme of arrangement under Article 125 of the Jersey Companies Law. applebyglobal.com 2. We, Appleby (Mauritius) Partnership, hereby consent to our name being stated in the abovementioned circular as legal advisor to the Offeror.

3. We confirm that we have not withdrawn and undertake that we will not withdraw such consent prior to the date of publication of the circular.

Yours faithfully

Appleby

Business Registration Number: P10018768 Appleby (JV) Ltd & Appleby (Mauritius) Partnership (Appleby (JV) Ltd & Cie), is a global law firm 2515277v1 structured as a Mauritius Partnership and registered under the Law Practitioners Act 1984. Bermuda ■ British Virgin Islands ■ Cayman Islands ■ Guernsey ■ Hong Kong ■ Isle of Man ■ Jersey ■ Mauritius ■ Seychelles ■ Shanghai

BB؛> iropr،ttl«ryymli»،rr١nrv١؛PIPER iMA^^ 'MUI &٢,٢آاﺀ«,ةا، ,/XI 0 lirt٧،ة11٧ل] fe«i؛fllhHoor.tjlKflMimiii 0 BouihAfrkJB /0»20ﻫﻮ11/٠ةا،٢ ا000ةﻫﻮ۶2711م WwwwfilBplpBfCOfn

YoHrioibrcncc 4,«،ا'،‘،'ا؛(ا».11 :«» ٨ 1ﻻ1،اااأ)٨ Hrojod ا)'،،اااااا l،‘wf٣w»j»«r،l«s '،؛،ااااا> ٨ 'Sccrdarlcs (J«r»«y) ,liìl،«il ()III أ»اأأ»() ؛«A» Now Strcot 26 Slilolior loisoy . JIÌ2 3KA 2« Miiy 2()2()

1)0111' Sirs

CIRCULAR TO BE ISSUED JiY ATLANTIC LEAE BROEERTIES LIMITED (‘‘ATLAOTiC LEAF« OR THE‘‘COMPANY”)

ﻻاAtlfliitic Leaf lius pro|iiiot! H circular (iltc ''cl."cul«i>'') ill ،onus of ،1 .1 Companies (Jorsoy) Law 1991, as amended (“,lorsoy Compunlos Liiw''), ،0 ho issued on or ahoul 15 Juno 2()20 rolling ،0 ،1)0 recommended cash nciiuisition hy South -Downs Investment 11 of ،1)0 onlli'e Issued and It* ho issued share capital of Adantie Leaf to ho implemented hy way o،'a Jersey Court sanctioned .scheme of arrangement untlei' Article 125 of the Jorsoy Companies law

2. Wo, DLA Piper Advisory Sei'vieos Proprietary Limited, horchy consent !0 our name hoing stated in tho abovomonlioncd eireulai ’ us legal atlvisor to tlio GCror us to South African law .

3. We confirm tliat wo have not withdrawn and undertake tin we will not witlidi'uw such consent prior to the date of publication of the circular

Yours -faithfully

OLA Mlpir A،Jvl*i>y Hoivloni Proprlnla،y Llttllfttl I» A pftvBlo llrnilod ١i«r&d If, Ooulh؛٥٧i)lioijiidy compifty r Affiti» (feylhltftlltif, ،,،tftì،)»f f：hPO,) ﴽ,؛1ﺛﻤﴼ؛؛ﻵإﻵﺑﺈ اه,ا#1ر،ا} !)ffttlaliHW. Ml NA ،¡;ﻻ0ل1ل AQ ،...IS .10,1,,«»«ل P J٥ol ： Wii Jl M»o٧oo«l(،،WMflhml،i٠n f DO MesMB&ihmidl, JO ،،oftnlugloti, PETER BRADSHAW ,WJ Mysljfltqoft, )1 Uitfipson XL Olfrtpw^t Mv¡ ÉWftlLNytitìDykA ,.:ل،*٢ wtilch IS pad of D، A ؛Partner Mi lilshftf f„ot٩jlt| ﻵا,ااه,»(،ا rtw fiffit f) 1«ﻷآ)،ﻷ» 1ةﻻا DLA PIPER ADVISORY SERVICES PROPRIETARY LIMITED VflflOUS ftrti'Wrtlrt rtltd ihsllncl offid »fid pfinr،،f)»i ا؛»ا0ااﻻ^, epilllos IIS « rin«؛peter.bradshawf.dlaplper.com plHOtt ,it ،,tJWfwss 1« «101 K»in Joltwtnsutnjfg ،0,(ا1ةا؛(}اا：ة ا٠؟ا3

A 11.1 of tiff،!.* oriti ,»oulftlory lfttorm»lion , in№.٢«,،»ft ،)§ fottncl »1 WWW dlflplp

flwllftjiliottftl 0ا?ن113ﺣﺔ+ UK LLP GIBSON DUNN Gibson, Dunn & Crutche٢ Telephone House 2-4 Temple Avenue London EC4Y OHB DX 217 London/Chancery Lane Tel +44 (0)20 7071 4000 Fax +44 (0)20 7071 4244 www.gjbsondunn.com

28 May 2020

The Directors Atlantic Leaf Properties Limited c/o Ocorian Secretaries (Jersey) Limited 26 New Street St Helier Jersey JE2 3RA

Dear Sirs,

Re: Circular to be issued by Atlantic Leaf Properties Limited (“Atlantic Leaf’ or the 3”٧ Comoan“

2. We, Gibson, Dunn & Crutcher UK LLP, hereby consent to our name being stated in the abovementioned circular as legal adviser to the Offeror as to English law. 3. We confirm that we have not withdrawn and undertake that we will not withdraw such consent prior to the date of publication of the circular. Yours faithfully. rf- Gibson, Dunn & Cher UK LLP

Century City • Dallas * Denver■ Dubai ٠ Beijing • Brussels • Frankfurt • Hong Kong * Houston • London * Los Angeles • Munich New York • OrangeCounty• Palo .Paris • San Francisco • Sao Paulo * Singapore • Washington, D.C ٠ Alto Gibson, Dunn & Crutcher UK LLP is a limited liability partnershipregistered in Delaware. A list of the partners is open to inspection at the above address. Authorised and regulated by the Solicitors Regulation Authority (Number 324652). Lazard & Co., Limited 50 Stratton Street London W1J 8LL

The Directors Atlantic Leaf Properties Limited c/o Ocorian Secretaries (Jersey) Limited 26 New Street St Helier Jersey JE2 3RA

28 May 2020

Dear Sirs,

CIRCULAR TO BE ISSUED BY ATLANTIC LEAF PROPERTIES LIMITED (“ATLANTIC LEAF” OR THE “COMPANY”)

2. We, Lazard & Co., Limited, hereby consent to our name being stated in the abovementioned circular as financial advisor to the Offeror.

3. We confirm that we have not withdrawn and undertake that we will not withdraw such consent prior to the date of publication of the circular.

Yours faithfully

______

For and on behalf of Lazard & Co., Limited

The Directors Email [email protected] Atlantic Leaf Properties Limited c/o Ocorian Secretaries (Jersey) Limited Direct Dial +44 (0) 1534 818 230 Tel +44 (0) 1534 888 777 26 New Street St Helier Your Ref Jersey JE2 3RA Appleby Ref AW/KM/AL

28 May 2020

Dear Sirs

Jersey Office CIRCULAR TO BE ISSUED BY ATLANTIC LEAF PROPERTIES LIMITED (“ATLANTIC Appleby (Jersey) LLP LEAF” OR THE “COMPANY”) 13-14 Esplanade St Helier 1. Atlantic Leaf has prepared a circular (the “circular”) in terms of the Companies JE1 1BD (Jersey) Law 1991, as amended (“Jersey Companies Law”), to be issued on or Jersey about 15 June 2020 relating to the recommended cash acquisition by South Downs Investment LP of the entire issued and to be issued share capital of +44 (0)1534 888 777 Atlantic Leaf to be implemented by way of a Jersey Court sanctioned scheme of

applebyglobal.com arrangement under Article 125 of the Jersey Companies Law.

2. We, Appleby (Jersey) LLP, hereby consent to our name being stated in the abovementioned circular as Jersey advisors to the Offeror.

3. We confirm that we have not withdrawn and undertake that we will not withdraw such consent prior to the date of publication of the circular.

Yours faithfully

Andrew Weaver Partner | Corporate | Jersey

Appleby (Jersey) LLP is a Jersey 4875980v1 registered limited liability partnership. A list of partners is available at www.applebyglobal.com. Bermuda ■ British Virgin Islands ■ Cayman Islands ■ Guernsey ■ Hong Kong ■ Isle of Man ■ Jersey ■ Mauritius ■ Seychelles ■ Shanghai

Our Reference : /00254312.DOCX/LM 28 May 2020

The Directors Atlantic Leaf Properties Limited c/o Ocorian Secretaries (Jersey) Limited 26 New Street St Helier Jersey JE2 3RA

Dear Sirs

CIRCULAR TO BE ISSUED BY ATLANTIC LEAF PROPERTIES LIMITED (“ATLANTIC LEAF” OR THE “COMPANY”)

2. We, Java Capital Proprietary Limited, hereby consent to our name being stated in the abovementioned circular as corporate advisor to Atlantic Leaf. 3. We confirm that we have not withdrawn and undertake that we will not withdraw such consent prior to the date of publication of the circular.

Yours faithfully

Letrisha Mahabeer tel +27 (011) 722-3058 cell 060 544-6120 fax (086) 673 7124 e-mail [email protected]

Java Capital Proprietary Limited 2nd Floor 6A Sandown Valley Crescent Sandton 2196 South Africa PO Box 522606 Saxonwold 2132 Telephone +27 (0)11 722 3050 Facsimile +27(0)86 686 9061 Email [email protected] Directors A Bird A Brooking T de Beer K Joselowitz R Katz H Talpert A van der Westhuizen G Vogelman Registration No 2012/089864/07 VAT Registration No 4250266287 2

27052020