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14 August 2008

Dear Seasons Owner,

We would like to update you on the status of development at Seasons which should also clarify a
few misconceptions we understand are being communicated by certain owners.

Bushveld View (Proclaimed)

To date in the region of 221 stands in Bushveld View have been transferred and a few owners have
now started building. A number of plan submissions have been received recently from other owners
wishing to commence with the construction of their homes and we would encourage as many others
as possible to consider building in the near future.

All services in Bushveld View are complete, roads have been paved and street lighting

Seasons Sport and Spa (Proclaimed)

Should you have visited the estate recently, you will have no doubt noticed the considerable
development which has taken place at Sport and Spa. Construction on 14 stands is already complete
with these units being occupied, and building on another 11 stands will be undertaken over the next
few months. The gym and beauty spa are operational, and guests are enjoying the other facilities
and amenities including the pools, squash, volley ball and tennis courts, horse riding and games
room. There is also a convenience shop adjacent to the Sport and Spa reception, and a mashie golf
course, jogging / walking track and riding trail have been opened.

All services to Sport and Spa are complete and paving of the roads and installation of street
lighting is in progress.

Bushveld View Phase 2 (Ana)

This property is at present being re-designed with the intention of developing small blocks of lock-
up and go apartments (4 apartments per block) in an area within this phase. Two, three and four
bedroom apartments are planned and will be priced between R700,000.00 and R1,000,000.00.
There are still stands available for sale in the above three development areas, so should you be
interested in buying another stand or apartments, or you have any friends or family who may be
interested in purchasing at Seasons, our on-site sales office is open 7 days a week. Please contact
Maggi Dercksen on 083 311 4951 or (012) 250 2522, email.maggi@themarketingfirm.co.za

Gatehouse and Security

Construction of the gatehouse is complete and the landscaping of the area and other finishing
touches are underway. The gatehouse is manned on a 24 hour basis and all owners, visitors,
contractors and staff are required to adhere to the access card systems which has been implemented
by the security company currently contracted to the estate.

Installation of the perimeter security fencing is finished and has been electrified. Security patrols
are done throughout the estate on a 24 hour basis.

Seasons Sport and Spa Eco Golf Estate Home Owners Association

The inaugural meeting of the HOA was held on 12 March 2008 at which various statutory
requirements were dealt with and the Board of Directors elected.

Your Directors are:
Mr. Eben Odendaal
Mr. David Wegener
Mr. Hennie Joubert
Mr. Willie Joubert
Mr. Peter Bezuidenhoudt

Please be reminded that on transfer of the stand into your name, you are liable for the monthly levy
which is due and payable on the first day of each and every month. If you have not already signed
the debit order to effect this payment, please contact Mabulatu Management Services (Pty) Ltd, the
Managing Agent on (011) 708 3474.

The Golf Club

We are eager to start with the golf course upgrade, and anticipate work will commence shortly.
Initially water storage dams and an irrigation system will be installed followed by the changes to
holes 1 & 2. Thereafter, the remaining holes will be upgraded on an on-going basis.

The Halfway House adjacent to the Clubhouse opened in December which serves breakfast, light
lunches, snacks and beverages throughout the day. It is also open for supper on certain nights of the
week. The relaxed, welcoming atmosphere can be enjoyed by the whole family, and this will be the
only restaurant operating until the Clubhouse renovation has been completed. A full bar service is
available at the Halfway House.

The re-vamped Pro-shop also opened during December and stocks a comprehensive range of
clothing and accessories.

Renovations to the Clubhouse have commenced, starting with the Ladies and Gents locker rooms.
Work will then move to the upper level, the interior of which is to be given a ‘total makeover’,
creating a bar/lounge overlooking the verandah and golf course beyond, and a new restaurant. The
original bar will be turned into a conference room.
The area immediately surrounding the Clubhouse will be paved and landscaped and a parking area
established in the vicinity of the Halfway House.

The following Sport and Leisure Facilities are currently available:
         18 hole golf course
         Gym with weight and cardio equipment
         Indoor heated lap pool
         Squash court
         Beauty Spa
         Outdoor swimming pools (one heated)
         Children’s pool
         Two tennis courts (shortly to be floodlit)
         Horse Riding
         Volley Ball
         Jogging and Walking Trail
         Fishing
         Picnic Area
         Games room
         Cycling
         Giant Chess Set
         Mashie Couse
         Putt-putt course to be built at Sport & Spa

Please visit the new-look Seasons website www.seasonsgolfestate.co.za for the most up to date
information and news on the estate, as well as information specific to owners and golfers, and who
to contact for what.

We would like to also take this opportunity of telling you about other limited prime real estate
opportunities available within our Safrican Leisure Properties Group, namely:

     Westlake Country & Safari Estates on the shores of Hartbeespoort Dam –
There are only 4 stands left for sale from the Developer in this prestigious estate, all in the region of
1500m² in extent, and priced between R600,000.00 and R750,000.00. These stands are adjacent to
the wilderness area and offer magnificent mountain views.

       Mount Savannah Game Reserve in the heart of the Cradle of Humankind World Heritage
        Site –
This 2000 hectare game reserve only 30 minutes drive from Sandton supports an abundance of
game including rhino, giraffe, buffalo, plains game and other large mammals. With a total of only
25 stands, 20 of which are already sold, ownership in this exclusive development is a once in a
lifetime opportunity not to be missed. The one hectare stands are priced at R1,800,000.00

    Black Rhino Game Reserve (incorporated into Pilanesberg National Park) –
The development on this ‘Big Five’ reserve has been limited to 25 stands, and only three of these
one hectare stands are still available for purchase on sectional title at R2,000,000.00 each.

For more details on all the above properties, visit the Safrican website at

Another new development in the Safrican portfolio is Mjejane Game Reserve, Kruger National
Park. Again, this is an amazing opportunity to own a stand on full title, in a reserve incorporated
into Kruger Park. For more details, visit the Mjejane website on www.mjejanegamereserve.com

Last, but not least, we would like to welcome all new Seasons owners and congratulate them on
their purchase. We are confident that your investment will fulfill all your expectations and provide
you with many happy memories over the years.

Kind Regards,

Willie Joubert

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