RAVEN PROPERTY GROUP LIMITED - Conditional purchase of its own ordinary shares, preference shares and convertible preference shares

Conditional purchase of its own ordinary shares, preference shares and convertible preference shares

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

     Conditional purchase of its own ordinary shares, preference shares and convertible
                                     preference shares

Further to the Company’s announcement of 13 February 2020 and in light of recent market turmoil, the
Company has agreed with Invesco Asset Management Limited (acting as agent for its underlying funds)
an effective extension of the long stop dates in each of the purchase agreements from 31 March 2020
to 31 July 2020. However, and as a consequence of a change in investment manager of one of the
underlying funds, the extended long stop dates will only relate to the following purchases of shares:

Ordinary shares (RAV) - 139,678,106
Preference shares (RAVP) - 38,936,295
Convertible preference shares (RAVC) - 42,118,860

The agreement in respect of the purchase of the remaining 2,867,223 preference shares will lapse on
31 March 2020.

A further announcement will be made as and when appropriate.

11 March 2020
JSE Sponsor: Rencap Securities (Pty) Limited

Enquiries

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

  Novella Communications (public relations adviser)                       Tel: +44 (0) 203 151 7008
  Tim Robertson
  Fergus Young

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

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

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

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

  Ravenscroft (TISE sponsor)                                              Tel: + 44 (0) 1481 729100
  Emma Ozanne

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 and preference shares 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 1.9 million square metres of Grade "A"
warehouses in Moscow, St Petersburg, Rostov-on-Don, Novosibirsk and Nizhny Novgorod and 49,000
square metres of commercial office space in St Petersburg. For further information visit the Company’s
website: www.theravenpropertygroup.com

Date: 12-03-2020 07:05:00
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