TOWER PROPERTY FUND LIMITED - Proposed modification to ordinary resolution 7 for adoption at the annual general meeting of Tower

Proposed modification to ordinary resolution 7 for adoption at the annual general meeting of Tower

TOWER PROPERTY FUND LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 2012/066457/06)
JSE share code: TWR ISIN: ZAE000179040
(Approved as a REIT by the JSE)
(“Tower” or “the group”)


PROPOSED MODIFICATION TO ORDINARY RESOLUTION 7 FOR ADOPTION AT THE ANNUAL GENERAL MEETING OF TOWER


Shareholders are advised that, following feedback from institutional shareholders on the resolutions
proposed for adoption at the annual general meeting to be held at the Belmont Conference Centre, Belmont
Road, Rondebosch, on Wednesday, 21 October 2015 at 10:00, Tower has decided to limit the scope of
authority granted in terms of ordinary resolution 7, placing the authorised but unissued share capital of the
group under the control of the board of directors, by reducing:

-     the number of authorised but unissued ordinary shares that may be allotted, issued or otherwise
      disposed of, from 20% of the group’s issued share capital to 10% of the group’s issued share capital;
      and
-     the maximum discount at which the shares may be issued from 10% to 5% of the weighted average
      traded price on the JSE of those shares over the 30 business days prior to the date that the price of the
      issue is agreed.

13 October 2015


Sponsor
Java Capital

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