ASCENSION PROPERTIES LIMITED - Dealings in securities by directors and by an associate of a director of the company

Dealings in securities by directors and by an associate of a director of the company

ASCENSION PROPERTIES LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 2006/026141/06)
JSE share code for A-linked units: AIA ISIN: ZAE000161881
JSE share code for B-linked units: AIB ISIN: ZAE000161899
(Approved as a REIT by the JSE)
(“Ascension” or “the company”)


DEALINGS IN SECURITIES BY DIRECTORS AND BY AN ASSOCIATE OF A DIRECTOR OF THE COMPANY


Linked unitholders are advised of the following information relating to the dealings in securities by
directors and by an associate of a director of Ascension pursuant to a scheme of arrangement entered into
between Cape Empowerment Limited (“CEL”) and certain CEL shareholders whereby an offer was made
by CEL to certain CEL shareholders to acquire their shares in CEL (“the offer”), in exchange for 29.4
Ascension B-linked units for every 100 CEL shares held (“the unit consideration”). No cash alternative
was offered and the CEL shareholders were obliged to accept the unit consideration:

Name of director:                                     Ashraf Mohamed
Transaction date:                                     16 January 2014
Class of securities:                                  Ascension B-linked units
Number of securities:                                 79 380
Price per security:                                   R2.40 (being the implied price based on the ratio of
                                                      29.4 Ascension B-linked units for every 100 CEL
                                                      shares held in terms of the unit consideration)
Total value:                                          R190 512.00
Nature of transaction:                                Off-market acceptance of Ascension B-linked units
                                                      under the offer.
Nature and extent of director’s interest:             Direct beneficial
Clearance to deal received:                           The Ascension B-linked units were received in
                                                      terms of the offer.

Name of director:                                     Jeremy de Villiers
Transaction date:                                     16 January 2014
Class of securities:                                  Ascension B-linked units
Number of securities:                                 4 410 000
Price per security:                                   R2.40 (being the implied price based on the ratio of
                                                      29.4 Ascension B-linked units for every 100 CEL
                                                      shares held in terms of the unit consideration)
Total value:                                          R10 584 000.00
Nature of transaction:                                Off-market acceptance of Ascension B-linked units
                                                      under the offer.
Nature and extent of director’s interest:             Direct beneficial
Clearance to deal received:                           The Ascension B-linked units were received in
                                                      terms of the offer.

Name of director:                                     Chris Nissen
Transaction date:                                     16 January 2014
Class of securities:                                  Ascension B-linked units
Number of securities:                                 1 470 000
Price per security:                                   R2.40 (being the implied price based on the ratio of
                                                      29.4 Ascension B-linked units for every 100 CEL                                                                                                                                                 shares held in terms of the unit consideration)
Total value:                                          R3 528 000.00
Nature of transaction:                                Off-market acceptance of Ascension B-linked units
                                                      under the offer.
Nature and extent of director’s interest:             Direct beneficial
Clearance to deal received:                           The Ascension B-linked units were received in
                                                      terms of the offer.

Name of director:                                     Henry Dednam
Transaction date:                                     16 January 2014
Class of securities:                                  Ascension B-linked units
Number of securities:                                 1 470 000
Price per security:                                   R2.40 (being the implied price based on the ratio of
                                                      29.4 Ascension B-linked units for every 100 CEL
                                                      shares held in terms of the unit consideration)
Total value:                                          R3 528 000.00
Nature of transaction:                                Off-market acceptance of Ascension B-linked units
                                                      under the offer.
Nature and extent of director’s interest:             Direct beneficial
Clearance to deal received:                           The Ascension B-linked units were received in
                                                      terms of the offer.

Name of associate:                                    Cape Empowerment Limited
Name of director and relationship to director:        Shaun Rai who is the majority shareholder in and a
                                                      director of Cape Empowerment Limited.
Transaction date:                                     16 January 2014
Class of securities:                                  Ascension B-linked units
Number of securities:                                 7 429 380
Price per security:                                   R2.40 (being the implied price based on the ratio of
                                                      29.4 Ascension B-linked units for every 100 CEL
                                                      shares held in terms of the unit consideration)
Total value:                                          R17 830 512.00
Nature of transaction:                                Off-market sale by CEL of Ascension B-linked
                                                      units under the offer.

17 January 2014


Sponsor
Java Capital

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