FPT - Fountainhead - Announcement and Cautionary

FPT - Fountainhead - Announcement and Cautionary                                
Fountainhead Property Trust                                                     
A Collective Investment Scheme in property registered in terms of the Collective
Investment Schemes Control Act, No.45 of 2002                                   
(Registration number 1983/003324/06)                                            
Share code: FPT                                                                 
ISIN code: ZAE000097416                                                         
("Fountainhead")                                                                
Disposal by Standard Bank Properties (Pty) Limited ("SBP") and Liberty Holdings 
Limited ("Liberty") of their interests in Fountainhead Property Trust Management
Limited ("Fountainhead Manco") and Cautionary Announcement                      
Unitholders of Fountainhead ("Unitholders") are advised that SBP and Liberty    
have entered into an agreement for the disposal of their interests in           
Fountainhead Manco, the asset manager of Fountainhead, to Redefine Properties   
Limited ("Redefine"), subject to the approval of the Registrar of Collective    
Investment Schemes, the Competition Authorities and the South African Reserve   
Bank.                                                                           
Unitholders are referred to the announcement released by Redefine simultaneously
with this announcement advising Redefine unitholders that:                      
1.   Redefine has concluded an agreement with SBP and Liberty to acquire        
    Fountainhead Manco, which agreement is conditional on regulatory approvals; 
    and                                                                         
2.   subject to the acquisition of Fountainhead Manco, Redefine intends making  
an offer to acquire all of the assets of Fountainhead  in return for a      
    combination of Redefine units and units in Hyprop Investments Limited.      
Accordingly, Unitholders are advised to exercise caution when dealing in their  
Fountainhead units until such time as further announcements are made in this    
regard.                                                                         
Cape Town                                                                       
30 March 2012                                                                   
By order of the Board                                                           
Fountainhead Property Trust Management Limited                                  
Sponsor                                                                         
The Standard Bank of South Africa Limited                                       
Date: 30/03/2012 12:01:01 Supplied by www.sharenet.co.za                     
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