RBA HOLDINGS LIMITED - Acquisition of properties for development purposes

Acquisition of properties for development purposes

 RBA HOLDINGS LIMITED
 (Incorporated in the Republic of South Africa)
 (Registration number: 1999/009701/06)
 (Share Code: RBA ISIN Code: ZAE000199642)
 (“RBA” or “the company”)



ACQUISITION OF PROPERTIES FOR DEVELOPMENT PURPOSES

1.      Introduction and rationale for the acquisition

        Shareholders are referred to the SENS announcement of 3 February 2014 relating to the purchase of
        the remaining extent of portion 3 of the farm Sterkloop number 688 (14,8193 Hectares) and portion 66
        of the farm Sterkloop number 688 (21,7374 Hectares) (the “Properties”) for purposes of developing
        affordable housing (the “Acquisition”).

        A new deed of sale has been signed between Plot 66 Sterkloop (Pty) Limited (“Seller”) and a wholly
        owned subsidiary of RBA, Groundbase Professional Land Development Services (Pty) Ltd (the
        “Purchaser”).



2.      Description of the Properties

        The Properties are adjacent to RBA’s current developments in Southern Gateway, Polokwane, where
        approximately 362 units have already been sold to date. The Properties will add substantial further
        opportunities over and above the remaining 100 stands in the existing phases of this development.



3.      Terms and conditions of the acquisition

        The aggregate purchase price of the Properties amounts to R22,000,000 (twenty two million Rand)
        and the agreement is subject to the Purchaser providing a guarantee within 21 business days after
        signing the agreement and the Properties transferring within 60 business days after guarantees have
        been issued.


4.      Value of assets

        The value of the net assets that are the subject of the acquisition is R22 million.

        No profits are currently attributable to the net assets that are the subject of the acquisition.

5.      Categorisation of the acquisition

        The acquisition is categorised, in terms of the JSE Listings Requirements, as a Category 2 transaction
        and does not require shareholders’ approval.



Johannesburg
6 October 2015

Designated Adviser

Exchange Sponsors

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