NEW FRONTIER PROPERTIES LIMITED - Extension of Time for Posting of Circular

Extension of Time for Posting of Circular

New Frontier Properties Ltd
(Incorporated in the Republic of Mauritius on 5 June 2014)
(Registration number: 123368C1/GBL)
SEM share code: NFP.N0000
JSE share code: NFP
ISIN: MU0453N00004
(“New Frontier” or “the Company”)


EXTENSION OF TIME FOR POSTING OF CIRCULAR


Shareholders are referred to the announcement released on SENS and the website of the Stock Exchange of Mauritius
Ltd (“SEM”) on 19 February 2020 in which they were advised that contracts have been conditionally exchanged
between Burton Shopping Centre Limited (“BSCL”), a wholly-owned subsidiary of New Frontier and Burton
Corporate Limited (the “purchaser”) for the freehold sale of the Primark unit located in the Cooper Square Shopping
Centre, Burton upon Trent (the “property”) to the purchaser for a consideration of GBP6,700,000 (the
“Transaction”).

Shareholders are reminded that whilst the Transaction constitutes an undertaking in the ordinary course of business
of New Frontier and therefore does not fall under the scope of Chapter 13 of the SEM Listing Rules, it is a Category
1 transaction in terms of the JSE Listings Requirements and, accordingly, requires shareholder approval.

Shareholders are advised that owing to the COVID-19 pandemic that has evolved globally in recent weeks and the
related lock-downs in Mauritius, the UK and South Africa, there have been some unavoidable delays in the
preparation of the circular providing details of the disposal, together with, inter alia, the pro forma financial effects
of the disposal and the summary valuation report on the property (“Circular”). The JSE Limited (“JSE”) has
accordingly granted the Company an extension of time in relation to the posting date of the Circular until 22 June
2020.

The salient dates and times relating to the Transaction and the general meeting to be convened in order to enable
shareholders to consider and, if deemed fit, approve the resolutions required to implement the Transaction will be
released on the website of the SEM and SENS at the time of the posting of the Circular to shareholders.

New Frontier holds primary listings on both the Official Market of the SEM and the Alternative Exchange of the
JSE.

By order of the Board

30 April 2020


This notice is issued pursuant to SEM Listing Rule 11.3, section 9.20(b) of the JSE Listings Requirements and the
Mauritian Securities Act 2005. The Board of Directors of the Company accepts full responsibility for the accuracy
of the information contained in this announcement.

For further information please contact:

 JSE Sponsor                             SEM Authorised Representative           Company secretary
                                         and Sponsor
 Arbor Capital Sponsors                  Perigeum Capital Ltd                    Vistra (Mauritius) Limited
 +27 11 480 8500                         +230 402 0890                           + 230 260 7275

Date: 30-04-2020 05:15:00
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