RAVEN PROPERTY GROUP LIMITED - Acquisition

Acquisition

Raven Property Group Limited
Incorporated in Guernsey
Company number 43371
LSE share code: RAV; JSE share code: RAV
ISIN:GB00B0D5V538
(“Raven” or the “Company”)

                                               Acquisition

The Board of Raven is pleased to announce that a subsidiary of the Company has entered into a
conditional agreement (‘the Agreement”) for the acquisition of a completed warehouse in Nizhny
Novgorod, a city 400 km east of Moscow, together with 21.5ha of adjacent land from a fund managed by
Amstar. The warehouse complex of 64,375sqm is fully let with a weighted average unexpired lease term
of 8.4 years, the majority of space let to ZAO “X5 Nedvizhimost”. Consideration for the acquisition is
Roubles 2.8 billion with expected annual income of Roubles 347 million giving an initial yield of 13.7% on
the completed asset. The acquisition is subject to the satisfaction of certain escrow arrangements.

Glyn Hirsch, Chief Executive of Raven said: “We are delighted to acquire this quality asset on a very
attractive yield“

5 December 2018
JSE Sponsor: Rencap Securities (Pty) Limited

Enquiries

Raven Property Group Limited                                            Tel: + 44 (0) 1481 712955
Anton Bilton
Glyn Hirsch

Novella Communications                                                  Tel: +44 (0) 203 151 7008
Tim Robertson
Toby Andrews

N+1 Singer                                                              Tel: +44 (0) 20 7496 3000
Corporate Finance - James Maxwell / James Moat
Sales - Alan Geeves / James Waterlow

Numis Securities Limited                                                Tel: + 44 (0) 207 260 1000
Alex Ham / Jamie Loughborough / Alasdair Abram

Renaissance Capital (South Africa)                                      Tel: +27 (11) 750 1448
Yvette Labuschagne

Renaissance Capital (Moscow)                                            Tel: + 7 495 258 7770
David Pipia

Ravenscroft                                                             Tel: + 44 (0) 1481 729100
Jade Cook

About Raven Property Group

Raven Property Group Limited was founded in 2005 to invest in class A warehouse complexes in Russia
and lease to Russian and International tenants. Its Ordinary Shares, preference shares and warrants are
listed on the Main Market of the London Stock Exchange and admitted to the Official List of the UK Listing
Authority and the Official List of The International Stock Exchange (“TISE”). Its Ordinary Shares also have
a secondary listing on the main board of the Johannesburg Stock Exchange and the Moscow Stock
Exchange. Its convertible preference shares are admitted to the Official List of TISE and to trading on the
SETSqx market of the London Stock Exchange. The Group operates out of offices in Guernsey, Moscow
and Cyprus and has an investment portfolio of circa 1.8 million square metres of Grade "A" warehouses
in Moscow, St Petersburg, Rostov-on-Don and Novosibirsk and 49,000 square metres of commercial
office space in St Petersburg. For further information visit the Company’s website:
www.theravenpropertygroup.com

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