ATLANTIC LEAF PROPERTIES LIMITED - Atlantic Leaf announces accelerated book build

Atlantic Leaf announces accelerated book build

Atlantic Leaf Properties Limited
(Incorporated in the Republic of Mauritius on 11 November 2013)
(Registration number: 119492 C1/GBL)
SEM share code: ALPL.N0000
JSE share code: ALP
ISIN: MU0422N00009
(“Atlantic Leaf” or “the company”)


ATLANTIC LEAF ANNOUNCES ACCELERATED BOOK BUILD


NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, CANADA, 
JAPAN OR ANY JURISDICTION IN WHICH IT WOULD BE UNLAWFUL TO DO SO

Atlantic Leaf announces an equity raising of approximately GBP30 million (approximately ZAR511
million) through the issue of new ordinary shares (the “equity raise”). The equity raise is subject to the
requirements of the company’s Constitution, the Listings Requirements of the JSE Limited (“JSE”) and the
Listing Rules of the Stock Exchange of Mauritius Ltd (“SEM”).

The equity raise will be offered to qualifying investors through an accelerated book build process (the “book
build”) conducted on the JSE and SEM. Investors may elect to subscribe for ordinary shares on the South
African register in ZAR or elect to subscribe for ordinary shares on the Mauritian register in GBP. The new
shares, when issued, will be credited as fully paid and will rank pari passu in all respects with the existing
shares and will be fully fungible with effect from listing.

As indicated in the announcement released to the market on 12 September 2017, Vukile Property Fund
Limited has pre-committed to apply for up to GBP25 million worth of Atlantic Leaf shares in the book
build.

The equity raised will be utilised to both fund the recently announced acquisition of 45.02% of the units in
LMP Retail Warehouse JV Property Unit Trust which holds a portfolio of 11 DFS Trading Limited furniture
retail warehouse and industrial properties in the United Kingdom (“the acquisition”) and in furtherance of
the company’s investment strategies.

The book build is now open and the company reserves the right to increase the size of the equity raise and
close it at any time. The equity raise is subject to pricing acceptable to Atlantic Leaf.

Pricing and allocations will be announced as soon as practicable following the closing of the book build.

Java Capital is acting as sole bookrunner.

Java Capital contact details:

Gareth Earl
AtlanticLeaf@javacapital.co.za
Tel: (011) 722 3064

Java Capital is acting as sole bookrunner for the equity raise. The equity raising is not an offer to the public
as contemplated under the South African Companies Act, No.71 of 2008 as amended (“Companies Act”)
and the Mauritian Securities Act 2005, nor an offer of securities in any other jurisdiction. Potential
investors are only permitted to apply for shares with a minimum total acquisition cost, per single addressee
acting as principal, of greater than or equal to ZAR1,000,000, unless the potential investor is a person,
acting as principal, whose ordinary business, or part of whose ordinary business, is to deal in securities,
whether as principal or agent (in reliance on Section 96(1)(a)(i) and 96(1)(b) of the Companies Act) or such
applicant falls within one of the other specified categories of persons listed in section 96(1) of the
Companies Act.

Settlement of shares on the South African register and the Mauritian register will take place within the
system administered by STRATE and the Central Depository & Settlement Co. Ltd (“CDS”) respectively.

This announcement is not for publication or distribution or release, directly or indirectly, in the United
States of America (including its territories and possessions, any state of the United States and the District of
Columbia).

This announcement does not constitute or form part of an offer or solicitation of an offer to purchase or
subscribe for securities in the United States or any other jurisdiction. The securities referred to herein have
not been and will not be registered under the United States Securities Act of 1933, as amended (the
“Securities Act”), and may not be offered or sold, directly or indirectly, in the United States, absent
registration or an exemption from, or transaction not subject to, the registration requirements of the
Securities Act. No public offering of securities is being made in the United States. This announcement does
not and is not intended to constitute an offer to the public in South Africa in terms of the Companies Act.
Neither this announcement nor any copy of it may be taken, transmitted or distributed, directly or indirectly
in or into the United States, Canada, Australia or Japan.

This announcement is for information purposes only and in member states of the European Economic Area
(other than the United Kingdom) is directed only at persons who are qualified investors (as defined in
article 2(1)(e) of EU directive 2003/71/EC (the “Prospectus Directive”) and the relevant implementing
rules and regulations adopted by each Member State). In the United Kingdom, this announcement is
directed only at the following persons: investment professionals falling within article 19(5) of the Financial
Services and Markets Act 2000 (Financial Promotion) Order 2005 (the “Order”); and high net worth
entities, and other person to whom it may lawfully be communicated, falling within article 49(2)(a) to (d) of
the Order.

This announcement has been issued by and is the sole responsibility of the company. No representation or
warranty express or implied, is or will be made as to, or in relation to, and no responsibility or liability is 
or will be accepted by Java Capital (sole bookrunner and JSE Sponsor) or by any of its respective affiliates or
agents as to, or in relation to, the accuracy or completeness of this announcement or any other written or
oral information made available to or publicly available to any interested party or its advisers, and any
liability therefore is expressly disclaimed.

FORWARD LOOKING INFORMATION

This announcement contains (or may contain) certain forward-looking statements with respect to certain of
company's plans and its current goals and expectations relating to its future financial condition and
performance and which involve a number of risks and uncertainties. The company cautions readers that no
forward-looking statement is a guarantee of future performance and that actual results could differ
materially from those contained in the forward-looking statements. By their nature, forward-looking
statements involve risk and uncertainty because they relate to future events and circumstances a number of
which are beyond the company's control. These forward-looking statements reflect the company's judgement
at the date of this announcement and are not intended to give any assurance as to future results. Except as
required by the JSE, the SEM Listing Rules or applicable law, the company expressly disclaims any
obligation or undertaking to release publicly any updates or revisions to any forward looking statements
contained in this announcement to reflect any changes in the company’s expectations with regard thereto or
any changes in events, conditions or circumstances on which any such statement is based.

By order of the board


13 September 2017

This notice is issued pursuant to JSE Listings Requirements, SEM Listing Rule 11.3 and Rule 5(1) of the
Securities (Disclosure Obligations of Reporting Issuers) Rules 2007. The board of directors of Atlantic Leaf
accepts full responsibility for the accuracy of the information in this announcement.

The company has primary listings on both the Official Market of the SEM and the Main Board of the JSE.

Sole bookrunner and JSE          SEM authorised representative          Company secretary
sponsor                          and sponsor                                                 
Java Capital                     Perigeum Capital                       Intercontinental Trust
Tel: +27 11 722 3052             Tel: +230 402 0890                     Tel: +230 403 0800

Date: 13/09/2017 07:45:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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