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RDF/APA/APB/AXC/MDN - Redefine/ApexHi/Madison - Update In Respect Of The Salient Dates Of The Apexhi A, Apexhi B, Apexhi C And Madison Schemes Of Arrangement Redefine Income Fund Limited Registration No. 1999/018591/06 Share Code: RDF ISIN Code: ZAE000023503 ("Redefine" or "the proposer") ApexHi Properties Limited (Incorporated in the Republic of South Africa) Registration number 1999/000238/06 JSE share code: APA ISIN: ZAE000083598 APB ISIN: ZAE000083580
AXC ISIN: ZAE000083606 ("ApexHi") Madison Property Fund Managers Holdings Limited Registration No. 2003/021772/06 Madison Property Fund Managers Limited Registration No. 2005/021874/06 Share Code: MDN ISIN: ZAE000080560 (collectively, "Madison") UPDATE IN RESPECT OF THE SALIENT DATES OF THE APEXHI A, APEXHI B, APEXHI C AND MADISON SCHEMES OF ARRANGEMENT ApexHi "A" linked unitholders, ApexHi "B" linked unitholders, ApexHi "C" linked unitholders and Madison linked unitholders are referred to the previous announcements relating to the proposed acquisition by Redefine of: - all of the ApexHi "A", ApexHi "B" and ApexHi "C" linked units in issue which are not already owned by Redefine pursuant to three separate schemes of arrangement in terms of section 311 of the Companies Act (Act 6 of 1973), as amended, ("the Act") proposed by Redefine between ApexHi and its "A" linked unitholders, "B" linked unit holders and "C" linked unitholders respectively, other than Redefine (collectively, "the ApexHi schemes"); and - all of the Madison linked units in issue pursuant to a scheme of arrangement in terms of section 311 of the Act proposed by Redefine between Madison and the Madison linked unitholders ("the Madison scheme"), The ApexHi schemes and the Madison scheme were today sanctioned by the South Gauteng High Court, Johannesburg, subject to the undertaking that the orders sanctioning the ApexHi Schemes and the Madison Scheme (collectively, "the Orders") will not be lodged for registration prior to the necessary approval being obtained from the Competition Authorities for the implementation of the ApexHi schemes and the Madison scheme. Accordingly, the ApexHi schemes and the Madison scheme now remain conditional upon the unconditional approval (or approval on conditions acceptable to Redefine) being obtained from the Competition Authorities for the implementation of the ApexHi schemes and the Madison scheme ("Competition Approval") and the subsequent registration of the Orders. The Orders will be lodged for registration as soon as possible after receipt of Competition Approval. The original salient dates announcements (published on 12 April 2009 and 13 April 2009) envisaged that Competition Approval would be obtained by 1 June 2009. The Competition Tribunal hearing of the application for Competition Approval is now expected to occur during July 2009, thus requiring an amendment to the salient dates for the implementation of the ApexHi schemes and the Madison scheme. Revised announcements reflecting the amended salient dates will be published once the application for Competition Approval has been heard by the Competition Tribunal and its ruling has been handed down. To accommodate any further delays in obtaining Competition Approval, ApexHi, Madison and Redefine have agreed to extend the date for fulfilment of the outstanding conditions from 30 June 2009 to 31 August 2009. This extension does not affect the effective date of the ApexHi schemes and the Madison scheme which will remain as of 1 July 2009. 9 June 2009 Corporate advisor, legal advisor and sponsor to Redefine and sponsor to ApexHi and Madison Java Capital (Proprietary) Limited Independent sponsor to ApexHi and Madison Deloitte & Touche Sponsor Services (Proprietary) Limited Attorneys to the ApexHi schemes and the Madison scheme Fluxmans Inc. Competition law advisor Vani Chetty Competition Law (Proprietary) Limited Date: 09/06/2009 15:04:02 Supplied by www.sharenet.co.za Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited (`JSE`). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.
