FAIRVEST PROPERTY HOLDINGS LIMITED - Update regarding Richmond Shopping Centre Acquisition

Update regarding Richmond Shopping Centre Acquisition

Fairvest Property Holdings Limited
Incorporated in the Republic of South Africa
(Registration number: 1998/005011/06)
Linked unit code: FVT   ISIN: ZAE000034658
(“Fairvest” or “the Company”)

UPDATE REGARDING RICHMOND SHOPPING CENTRE ACQUISITION

1.   Linked unitholders of the Company are referred to the
     Company’s SENS announcement dated 15 May 2014 (“the
     Announcement”), regarding the Richmond Shopping Centre
     Acquisition (“the   Acquisition”) and, more specifically,
     paragraph 6 of the Announcement, which sets out the
     outstanding conditions precedent to the Acquisition.

2.   Linked unitholders are advised that the Company has entered
     into an addendum to the agreement referred to in the
     Announcement, under which the Acquisition is to occur
     (“Addendum”).

3.   Linked unitholders are advised that the deadlines for the
     following conditions precedent in the Announcement have been
     extended by the parties by means of the Addendum:

3.1.   the deadline for the fulfilment of the conditions precedent
       specified in paragraphs 6.1 and 6.2 of the Announcement,
       have been extended to 30 July 2014;

3.2.   the deadline for the fulfilment of the condition precedent
       specified in paragraph 6.3 of the Announcement, has been
       extended to 31 August 2014; and

3.3.   the deadline for the fulfilment of the condition precedent
       specified in paragraph 6.4 of the Announcement, has been
       extended to 14 August 2014.

4.   Save as set out above, the terms and other information
     contained in the Announcement remain unchanged.

21 July 2014
Cape Town

Sponsor
PSG Capital

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