ARROWHEAD PROPERTIES LIMITED - Acquisition of a 31.7% stake in Vividend Income Fund Limited ("Vividend") and Cautionary Announcement

Acquisition of a 31.7% stake in Vividend Income Fund Limited ("Vividend") and Cautionary Announcement

ARROWHEAD PROPERTIES LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 2011/000308/06)
JSE share code: AWA ISIN: ZAE000158101
JSE share code: AWB ISIN: ZAE000158119
(Approved as a REIT by the JSE)
(“Arrowhead”)


ACQUISITION OF A 31.7% STAKE IN VIVIDEND INCOME FUND LIMITED (“VIVIDEND”) AND CAUTIONARY ANNOUNCEMENT


Arrowhead has concluded an agreement to acquire 84 966 285 Vividend linked units (31.7% of the Vividend’s
linked units) from Coronation Fund Managers. The acquisition is unconditional and the purchase price will be
discharged by the allotment and issue of 31 777 391 Arrowhead A and 31 777 391 Arrowhead B linked units to
Coronation Fund Managers on 13 December 2013.

The transaction is in line with Arrowhead’s strategy of only making distribution enhancing acquisitions and
provides Arrowhead with a strategic stake in, and indirect exposure to, Vividend’s R2 billion portfolio of
commercial and retail properties that Arrowhead considers complementary to its own portfolio.

The acquisition is a category 2 transaction in terms of the JSE Listing Requirements. The financial effects of
the acquisition are still in the process of being finalised and Arrowhead linked unitholders are advised to
exercise caution when dealing in their linked units until they have been announced.


6 December 2013


Corporate advisor, legal advisor and sponsor

Java Capital

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