GoGlobal Properties Limited – Market Announcement

HAMILTON, Bermuda – 31 March, 2014 – In a filing with the Bermuda Stock Exchange, GoGlobal Properties Limited (“GoGlobal”; Ticker: GGB.BH) issued a market announcement for the information of shareholders and investors. The Filing stated:

“NOTIFICATION OF ACQUISITION OF BENEFICIAL INTEREST IN SECURITIES AND CHANGE IN THE BOARD OF DIRECTORS

Beneficial interest

Shareholders are referred to the announcement published by the company dated 17 March 2014 and are advised that the consideration shares for settlement of the purchase price of APF1 Ltd were issued to ApexHi Property Fund Limited (“APF”) on 25 March 2014.

Following on the issue, APF:

•         became the beneficial owner of 96.87% of the issued share capital of the Company; and

•         has distributed the consideration shares to shareholders in APF (“the distribution”).

Pursuant to the distribution and in terms of  BSX regulation 6.14, shareholders are advised that:

•         Peregrine Holdings Limited (“Peregrine”) has an indirect beneficial interest of 29.44% in the issued share capital of the company;

•         each of Sovagila Limited, Plinthara Limited, Saskatchewan Limited and Exiguare Limited hold 7.36% of the issued share capital of the company;

•         each of Perry Investment Holdings Limited and Jordana Holdings Limited hold 7.82% in the issued share capital of the company, and

•         Ronda Holdings Limited holds 7.44% of the issued share capital of the company.

Shareholders are further advised that the following directors of the company, through an indirect or direct beneficial interest in Peregrine have an indirect beneficial interest in the issued share capital of the company as set out below:

•         Sean Melnick - 3.74% ;

•         Pauline Goetsch - 0.48% , and

•         Hennie Esterhuizen - 0.03%.

In addition, the Company has entered into an investment advisory agreement with ApexHi UK Limited, a London based investment advisor (“the investment advisor”). Sean Melnick, Gerald Leissner and Pauline Goetsch are currently directors of both the company and the investment advisor. Sean Melnick, through an indirect beneficial interest in Peregrine has an indirect beneficial interest of 5.08% in the issued share capital of the investment advisor and each of Pauline Goetsch and Gerald Leissner have an indirect beneficial interest of 13.34% in the investment advisor.

Change to the board of directors

Shareholders are advised that Pauline Goetsch has resigned from the board and will be stepping down as financial director of the company with effect from 30 April 2014. The board would like to thank Mrs Goetsch for the formative role she played in establishing GoGlobal as a listed entity. Mrs Goetsch is to be replaced by Mr David Smith as of 1 May 2014. Mr Smith is currently the finance director of McCafferty Asset Management Limited (“McCafferty”), a UK based property asset manager, which manages in excess of €600 million of commercial and residential real estate assets across the UK, Germany and Switzerland.

Further cautionary

Shareholders are referred to the cautionary announcement published by the company dated 17 March 2014 and are advised that GoGlobal is in discussions with parties for the acquisition of properties in Germany.

Accordingly, shareholders are advised to continue to exercise caution when dealing in their GoGlobal shares until a further announcement is made.”

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GoGlobal has a primary listing on the Bermuda Stock Exchange and a secondary listing on the Alternative Exchange of the JSE Limited.

For Further Information visit http://www.goglobalproperties.net or Contact the BSX Listing Sponsor:

Global Custody and Clearing Limited. Bermuda

Attn: Mr. Grant Hopkins

Tel: (441) 294-7039

E-mail: grant.hopkins@lom.com