VUNANI PROPERTY INVESTMENT FUND LTD - Change of dates relating to the proposed rights offer

Change of dates relating to the proposed rights offer

VUNANI PROPERTY INVESTMENT FUND LIMITED
Approved as a REIT by the JSE
(Incorporated in the Republic of South Africa)
(Registration number 2005/019302/06)
JSE code: VPF
ISIN: ZAE000157459
JSE code for LA’s: VPFN
ISIN FOR LA’s: ZAE00010087
(“VPIF” or “the company”)

CHANGE OF DATES RELATING TO THE PROPOSED RIGHTS OFFER

Unitholders are referred to the declaration data announcement relating to VPIF’s proposed rights offer, which
was released on SENS on 5 July 2013 in which it was announced that the finalisation announcement relating
to the rights offer would be released on SENS on or about 12 July 2013. Unitholders are now advised that the
dates and times released in the aforementioned announcement have been changed and the revised dates
and times will be as set out below:

                                                                                                                  2013
 Finalisation announcement relating to the rights offer by no later than                               Friday, 19 July

 Last day to trade in VPIF units in order to qualify to participate in the rights offer (cum
 entitlement)                                                                                          Friday, 26 July

 Listing of letters of allocation on the JSE under the JSE code VPFN and ISIN
 ZAE000180097 at commencement of trading on                                                            Monday, 29 July

 VPIF units commence trading ex-rights on the JSE at commencement of trading on
                                                                                                       Monday, 29 July
 Record date for participation in the rights offer at the close of trade on                           Friday, 2 August


 Rights offer circular and form of instruction posted to unitholders, where applicable                Monday, 5 August

 Rights offer opens at commencement of trading on                                                     Monday, 5 August

 Dematerialised unitholders’ accounts at their CSDP or broker automatically credited with
 their entitlement                                                                                    Monday, 5 August

 Certificated unitholders’ entitlements will be credited to an account held with the transfer
 secretaries                                                                                          Monday, 5 August

 Last day to trade in letters of allocation on the JSE on                                            Friday, 16 August

 Listing of VPIF rights offer units at commencement of trading on                                    Monday, 19 August

 Rights offer closes – payments to be made and form of instruction in respect of letters of
 allocation lodged by certificated unitholders by 12:00 on (see notes 1 and 5 for
 dematerialised unitholders)                                                                         Friday, 23 August

 Record date for letters of allocation                                                               Friday, 23 August

 Dematerialised unitholders’ accounts updated with rights offer units to the extent accepted
 and debited with the relevant costs by their CSDP or broker (see note 5)
                                                                                                     Monday, 26 August
 Results of rights offer announcement released on SENS on or about                                   Monday, 26 August

 Results of rights offer announcement published in the press on or about                            Tuesday, 27 August

 Dematerialised unitholders’ accounts updated with excess rights offer units allocated to         Wednesday, 28 August
 them and debited with the relevant costs by their CSDP or broker

 Unit certificates posted to certificated unitholders (including any excess rights offer units    Wednesday, 28 August
 allocated to them), if applicable, on or about
       Notes:
       1. Dematerialised unitholders are required to notify their duly appointed CSDP or broker of their acceptance or
          otherwise of the rights offer in the manner and time stipulated in the agreement governing the relationship
          between such unitholder and their CSDP or broker.
       2. All times indicated are South African times unless otherwise stated.
       3. Unit certificates may not be rematerialised between Monday, 29 July 2013 and Friday, 2 August 2013, both
          days inclusive.
       4. The CSDP / broker accounts of dematerialised unitholders will be automatically credited with the rights offer
          units to the extent to which they have accepted the rights offer. VPIF unit certificates will be posted, by
          registered post at the unitholders’ risk, to certificated unitholders in respect of the rights offer units which have
          been accepted.
       5. CSDPs or brokers effect payment in respect of dematerialised unitholders on a delivery versus payment
          method.

Sandton
12 July 2013

Corporate Adviser
Vunani Corporate Finance

Sponsor
Grindrod Bank Limited

Investment Bank
Investec Bank Limited

Date: 12/07/2013 02:33:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
 the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, 
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
 information disseminated through SENS.