PUTPROP LIMITED - Putprop Rights Offer Results

Putprop Rights Offer Results

PUTPROP LIMITED
Incorporated in the Republic of South Africa
(Registration number 1988/001085/06)
Share code: PPR ISIN: ZAE000072310
(“Putprop” or “the Company”)


PUTPROP RIGHTS OFFER RESULTS


Shareholders are referred to the announcement released on SENS on 6 February 2015
(“Declaration Announcement”) and 10 February 2015 (“Finalisation Announcement”)
wherein shareholders were advised that Putprop intended to raise R100 039 703 from its
shareholders by way of a partially underwritten renounceable rights offer (“Rights Offer”), in
terms of which Putprop will offer a total of 15 879 318 new ordinary shares in Putprop (“Rights
Offer Shares”) at a subscription price of 630 cents per Rights Offer Share in the ratio of 55.15
Rights Offer Shares for every 100 ordinary shares in Putprop held at the close of business on
the record date for the Rights Offer, being Friday, 20 February 2015 (“Record Date”).

Shareholders are advised that, 11 991 130 Rights Offer Shares were subscribed for, equivalent
to 76% of the total Rights Offer Shares. Excess applications of 195 430 Rights Offer Shares
have been received, which will be allocated in full as per the applications. The balance of the
Rights Offer Shares, not subscribed for by shareholders, has been taken up by the underwriter,
Carleo Enterprises Proprietary Limited (“Carleo Enterprises”), equating to 23% of the Rights
Offer Shares.

The results of the Rights Offer, which closed on Friday, 6 March 2015, are as follows:

                                             Number of Rights Offer       % of Rights Offer
                                             Shares                       Shares
 Rights Offer Shares available for
 subscription                                            15 879 318                    100%
 Rights Offer Shares subscribed for by
 Putprop shareholders                                    11 991 130                     76%
 Excess Rights Offer Shares to be
 allotted                                                   195 430                      1%
 Rights Offer Shares taken up by the
 underwriter                                              3 692 758                     23%

Rights Offer Share certificates in terms of the Rights Offer will be posted to holders of
Certificated Putprop Shares on or about Monday, 9 March 2015.

The CSDP or broker accounts of holders of Dematerialised Putprop Shares will be credited with
Rights Offer Shares and debited with payments due on Monday, 9 March 2015.

Rights Offer Share certificates in terms of the Rights Offer will be posted to holders of
Certificated Putprop Shares, who have been allocated excess Rights Offer Shares on
Wednesday, 11 March 2015.

The CSDP or broker accounts of holders of Dematerialised Putprop Shares, who have been
allocated excess Rights Offer Shares, will be credited with the excess Rights Offer Shares and
debited with payments due on Wednesday, 11 March 2015.


Johannesburg
9 March 2015


Sponsor, Corporate Advisor and Book Runner
Merchantec Capital

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