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TMT - Trematon Capital Investments Limited - Announcement Trematon Capital Investments Limited (Incorporated in the Republic of South Africa) Registration number 1997/008691/06 Share code: TMT ISIN: ZAE000013991 ("Trematon" or "the company") 1 Introduction Shareholders are advised that Trematon has entered into agreements in terms of which it has acquired a 50% interest in a property loan stock company with joint venture partners Brian Goldberg and Ilan Kaplan ("joint venture partners") ("joint venture agreement"), which will be housed in Trematon Management Company (Proprietary) Limited ("TMC"). As an initial investment TMC has acquired 5 properties with a total extent of 20 975 m2 ("the properties") for a total purchase consideration of R90 million ("the acquisition"). 2 Rationale for the investment It is the company`s intention together with its joint venture partners to invest in various properties in South Africa, with a primary focus on the commercial, retail and industrial property sectors. The company`s primary objective, as an investment company, is to identify value and value enhancing opportunities within the targeted sectors by using its defined investment strategies. These strategies have as its goal the creation of a stable portfolio of assets capable of generating consistent and continually escalating free cash flows and capital growth. 3 Details of the properties Building Address Erf number Extent m2 7 Dartfield Road 7 Dartfield Road, Erf 195, Eastgate Ext 2299 Kramerville, 13, Johannesburg
Sandton Shoprite Rustenburg Cnr Loop and Erf 2460, Rustenburg 8700 Church Streets, Rustenburg
Word of Life Cnr Commercial and Erf 258, Strijdom 3658 Ministery Arbeid Road, Park, Johannesburg Strijdom Park, Randburg
Sandton Action 12 Commerce Erf 179, Eastgate Ext 2600 Cricket Crescent, 12, Johannesburg Kramerville, Sandton
The Wang Global Cnr Zurich and Erf 180, Eastgate Ext 3718 Building Brussels Streets, 12, Johannesburg Spartan Terms of the acquisition of the properties 4.1 The vendor All of the properties were purchased from Redefine Property Fund Limited. 4.2 Terms, purchase consideration and funding On 24 March 2011, TMC acquired the properties for a purchase consideration of R90 million in cash. Trematon is obliged to discharge R45 million of the purchase consideration in terms of the joint venture agreement. The purchase consideration will be funded 95% by bank debt and the balance by linked units and shareholders loans. There are no outstanding conditions precedent. Effective date The effective date of the acquisition is the date of transfer of the properties into the name of TMC, which is expected to be during or about the 3rd quarter of 2011. Financial information The acquisition of the properties 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 of the properties constitutes a category 2 transaction for the company. 31 March 2011 Cape Town Sponsor Sasfin Capital (a division of Sasfin Bank Limited) Date: 31/03/2011 11:46:01 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.
