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Redefine/ Spearhead - Salient dates

Release Date: 10/10/2006 17:21
Code(s): SPE RDF
Wrap Text

Redefine/ Spearhead - Salient dates Redefine Income Fund Limited (Registration No. 1999/018591/06) Share Code: RDF & ISIN Code: ZAE000023503 ("Redefine") Spearhead Property Holdings Limited (Registration No. 1996/005827/06) Share Code: SPE & ISIN Code: ZAE000019162 ("Spearhead") Salient dates Spearhead linked unitholders are referred to the previous announcements in relation to the acquisition by Redefine of 100% of the linked units in Spearhead pursuant to a scheme of arrangement in terms of section 311 of the Companies Act, Act No. 61 of 1973, proposed by Redefine between Spearhead and its linked unitholders ("the scheme"). A circular relating to the scheme was issued on Monday, 9 October 2006. The salient dates for the scheme are as follows: 2006 Last day to trade in Spearhead linked units Tuesday, 17 October in order to be recorded in the register to vote at the scheme meeting (see note 2 below) on Voting record date to vote at the scheme Friday, 20 October meeting by close of trading on Scheme meeting of Spearhead shareholders to Tuesday, 24 October be held at 10h00 on Scheme meeting of Spearhead debenture holders Tuesday, 24 October to be held at 10h30 on Court hearing to sanction the scheme Tuesday, 31 October (hereinafter referred to as "the return date") on Last day to trade in order to participate in Friday, 3 November the scheme consideration (see note 3 below) on Suspension of listing of Spearhead shares at Monday, 6 November commencement of trading on Scheme consideration record date being the Friday, 10 November date on which scheme participants must be recorded in the register to receive the scheme consideration, by close of trading on Operative date of the scheme at the Monday, 13 November commencement of trading on Scheme consideration posted to certificated Monday, 13 November scheme participants (if documents of title are received on or prior to the scheme consideration record date) on or about Dematerialised scheme participants should Monday, 13 November have their accounts (held at their CSDP or broker) updated on or about Termination of listing of Spearhead linked Tuesday, 14 November units at the commencement of trading on or about Notes: 1 All dates and times may be changed by mutual agreement between Spearhead and Redefine and/or may be subject to certain regulatory approvals. Any change will be published in the press and on SENS. 2 Spearhead linked unitholders should note that as transactions in linked units are settled in the electronic settlement system used by STRATE, settlement of trades takes place five business days after such trade. Therefore shareholders or debenture holders who acquire linked units after Tuesday, 17 October 2006 will not be eligible to vote at the scheme meeting. 3 Linked unit certificates may not be dematerialised after Friday, 3 November 2006. 4 The scheme meeting of Spearhead debenture holders will be held at the time set out above, provided that the scheme meeting of Spearhead shareholders is timeously concluded or adjourned. In the event that the scheme meeting of Spearhead shareholders is not concluded or adjourned at the time the scheme meeting of Spearhead debenture holders is to commence, then the scheme meeting of Spearhead debenture holders will only commence after the conclusion or the adjournment of the scheme meeting of Spearhead shareholders. 5 To the extent that approval from the competition authorities is not obtained on Thursday, 26 October 2006, the return date may be extended from time to time. This will result in all dates from 31 October 2006 onwards changing from those that are set out in the timetable above. Rosebank 10 October 2006 Corporate advisor, legal advisor and sponsor to Redefine Java Capital (Proprietary) Limited Sponsor and corporate advisor to Spearhead Bridge Capital Date: 10/10/2006 05:21:10 PM Supplied by www.sharenet.co.za Produced by the JSE SENS Department

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