PUTPROP LIMITED - Finalisation Announcement in Respect of the Putprop Rights Offer

Finalisation Announcement in Respect of the Putprop Rights Offer

PUTPROP LIMITED
Incorporated in the Republic of South Africa
(Registration number 1988/001085/06)
Share code: PPR ISIN: ZAE000072310
(“Putprop” or “the Company”)


FINALISATION ANNOUNCEMENT IN RESPECT OF THE PUTPROP RIGHTS OFFER


1.   INTRODUCTION

     Shareholders are referred to the announcement released on SENS on 6 February 2015
     (“Declaration Announcement”) wherein shareholders were advised that Putprop intends
     to raise R100 039 703 from its shareholders by way of a partially underwritten
     renounceable rights offer (“Rights Offer”), in terms of which Putprop will offer a total of
     15 879 318 new ordinary shares in Putprop (“Rights Offer Shares”) at a subscription price
     of 630 cents per Rights Offer Share in the ratio of 55.15 Rights Offer Shares for every 100
     ordinary shares in Putprop held at the close of business on the record date for the Rights
     Offer, being Friday, 20 February 2015 (“Record Date”).

2.   RIGHTS OFFER CIRCULAR

     Shareholders are advised that Putprop has received formal approval of the Rights Offer
     circular from the Issuer Regulation Division of the JSE Limited and accordingly, the Rights
     Offer can now be implemented in accordance with the salient dates and times as set out in
     the Rights Offer circular and the Declaration Announcement.

     The Rights Offer circular and accompanying Form of Instruction for use by certificated
     shareholders only, containing full particulars of the Rights Offer, will be posted on Tuesday,
     17 February 2015 to certificated shareholders recorded in the share register on the Record
     Date. Certificated shareholders must complete the Form of Instruction and lodge it with the
     Transfer Secretaries, indicating how they wish to participate in the Rights Offer.

     The Rights Offer circular, containing full particulars of the Rights Offer, will be distributed on
     Tuesday, 24 February 2015 to dematerialised shareholders (who have elected to receive
     such documents) recorded in the share register on the Record Date. Dematerialised
     shareholders will not receive a “printed” Form of Instruction, but will have their accounts
     updated with their Rights Offer entitlement by their CSDP or broker. Holders of
     dematerialised Putprop Shares are required to notify their CSDP or broker of the action
     they wish to take in respect of the Rights Offer in the manner and by the time stipulated in
     the agreement governing the relationship between the dematerialised shareholder and his
     CSDP or broker.

     A copy of the Rights Offer circular will also be available on the Company’s website at
     www.putprop.co.za from Monday, 16 February 2015 up to and including Friday,
     6 March 2015.

Johannesburg
10 February 2015

Sponsor, Corporate Advisor and Book Runner
Merchantec Capital

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