TMT - Trematon Capital Investments Limited - Acquisition

TMT - Trematon Capital Investments Limited - Acquisition                        
Trematon Capital Investments Limited                                            
(Incorporated in the Republic of South Africa)                                  
(Registration number 1997/008691/06)                                            
Share code: TMT &   ISIN: ZAE000013991                                          
("Trematon")                                                                    
1.   Introduction                                                               


Shareholders are advised that Trematon, via its 37.5% beneficial interest in the
Boulevard Park Trust ("Boulevard Park"), has entered into agreements in terms of
which  it  has  purchased  vacant  land on the Cape  Town  CBD  periphery  ("the
property").                                                                     
2.   Details of the property                                                    
                                                                                
The property, measuring 2.05 hectares, is situated adjacent to the N2 highway on
the periphery of the Cape Town CBD and comprises Erf 169843, Cape Town.         
3.   Rationale for the investment                                               
                                                                                
It  is the company`s intention, together with its development partners, to erect
a number of office towers, providing a total of approximately 36 000m2 of office
space and 1800 parking bays.                                                    
4.   Terms of the acquisition                                                   
                                                                                
4.1  The vendor                                                                 
The property was purchased from Investec Property Group Ltd.                    
4.2  Terms and purchase consideration                                           
On  6  September  2007, The Boulevard Park Trust acquired  the  property  for  a
purchase  consideration of R37.0m in cash.  Trematon was  obliged  to  discharge
R11.1m of the purchase consideration in terms of this agreement.                
With  effect from 21 January 2008 a further 7.5% interest in the Boulevard  Park
Trust was acquired from Crantock Investments (Proprietary) Limited at a cost  of
R7.5m.                                                                          
The  purchase  consideration  will  be funded  from  borrowings.  There  are  no
outstanding conditions precedent.                                               
5.   Effective date                                                             
The  effective date of the acquisition is the date of transfer of  the  property
into the name of the Boulevard Park Trust which was 21 January 2008.            
6.   Financial information                                                      
The  acquisition will not have a significant effect on the earnings and headline
earnings or net asset value and tangible net asset value of the company.        
This announcement is published in terms of the JSE Listings Requirements as  the
acquisition constitutes a category 2 transaction for the company.               
                                                                                


29 January 2008                                                                 
Cape Town                                                                       
Sponsor                                                                         
Sasfin Capital                                                                  
(a division of Sasfin Bank Limited)                                             
Date: 29/01/2008 12:38:45 Supplied by www.sharenet.co.za                     
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