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Redefine/Spearhead - Cash Consideration Payable Per Spearhead Linked Unit

Release Date: 30/11/2006 14:18
Code(s): SPE RDF
Wrap Text

Redefine/Spearhead - Cash Consideration Payable Per Spearhead Linked Unit 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") CASH CONSIDERATION PAYABLE PER SPEARHEAD LINKED UNIT As previously announced, the cash consideration payable by Redefine in terms of the scheme of arrangement is R31 per Spearhead linked unit together with interest thereon at 8.5% (nominal annual compounded monthly) from 1 September 2006 until the date of payment of the cash consideration. As the date of payment of the cash consideration is 4 December 2006, the interest on the R31 amounts to 68 cents. Accordingly, the aggregate cash consideration payable per Spearhead linked unit on 4 December 2006 will be R31.68. Rosebank 30 November 2006 Corporate advisor, legal advisor and sponsor to Redefine Java Capital (Proprietary) Limited Corporate advisor and sponsor to Spearhead Bridge Capital Advisors (Proprietary) Limited Legal advisor to Spearhead and attorneys to the scheme Hofmeyr Herbstein & Gihwala Inc. Legal advisor to Spearhead Werksmans Inc. Spearhead"s auditors and independent advisor PKF (Newlands) Inc. Date: 30/11/2006 02:18:06 PM Supplied by www.sharenet.co.za Produced by the JSE SENS Department

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