VKE - Vukile - Vendor Placement Results Announcement

VKE - Vukile - Vendor Placement Results Announcement                            
Vukile Property Fund Limited                                                    
(Incorporated in the Republic of South Africa)                                  
(Registration number 2002/027194/06)                                            
JSE share code: VKE       ISIN: ZAE00056370                                     
NSX share code: VKN                                                             
("Vukile" or "the company")                                                     
NOT FOR PUBLICATION, DISTRIBUTION OR RELEASE, DIRECTLY OR INDIRECTLY, IN OR INTO
THE UNITED STATES OF AMERICA, CANADA, JAPAN OR AUSTRALIA.                       
VENDOR PLACEMENT RESULTS ANNOUNCEMENT                                           
Holders of Vukile linked units ("linked units") are referred to the vendor      
placement announcement released on SENS today, 11 April 2012, relating to the   
offering of Vukile linked units as part consideration ("acquisition units") for 
the acquisition by Vukile of twenty properties from Sanlam Life Insurance       
Limited.                                                                        
Vukile is pleased to announce the successful placement by way of a bookbuild    
offering, of 59.5 million acquisition units, placed with qualifying             
institutional investors at a price of ZAR14.60 per linked unit (the "vendor     
placement"). Vukile will receive gross proceeds of R868.7 million pursuant to   
the vendor placement. The vendor placement was significantly over-subscribed.   
The price at which the acquisition units were offered represents a discount of  
approximately 2.9% to the 3-day volume weighted average price of the linked     
units, as at 10 April 2012. Listing and trading of the acquisition units is     
expected to commence at 09h00 on Thursday, 19 April 2012.                       
Following the vendor placement, Vukile will have 410 515 219 linked units in    
issue.                                                                          
Johannesburg                                                                    
11 April 2012                                                                   
Bookrunner, merchant bank and transaction sponsor                               
RAND MERCHANT BANK (A division of FirstRand Bank Limited)                       
This announcement is not for publication or distribution or release, directly or
indirectly, in the United States of America (including its territories and      
possessions, any state of the United States and the District of Columbia). This 
announcement does not constitute or form part of an offer or solicitation of an 
offer to purchase or subscribe for securities in the United States or any other 
jurisdiction. The securities referred to herein have not been and will not be   
registered under the United States Securities Act of 1933, as amended (the      
"Securities Act"), and may not be offered or sold, directly or indirectly, in   
the United States, absent registration or an exemption from, or transaction not 
subject to, the registration requirements of the Securities Act. No public      
offering of securities is being made in the United States. This announcement    
does not and is not intended to constitute an offer to the public in South      
Africa in terms of the South African Companies Act 71 of 2008 (as amended).     
Neither this announcement nor any copy of it may be taken, transmitted or       
distributed, directly or indirectly in or into the United States, Canada,       
Australia or Japan.                                                             
This announcement is for information purposes only and in member states of the  
European Economic Area (other than the United Kingdom) is directed only at      
persons who are qualified investors (as defined in article 2(1)(e) of EU        
directive 2003/71/EC (the "Prospectus Directive") and the relevant implementing 
rules and regulations adopted by each Member State). In the United Kingdom, this
announcement is directed only at the following persons: investment professionals
falling within article 19(5) of the Financial Services and Markets Act 2000     
(Financial Promotion) Order 2005 (the "Order"); and high net worth entities, and
other persons to whom it may lawfully be communicated, falling within article   
49(2)(a) to (d) of the Order.                                                   
This announcement has been issued by and is the sole responsibility of the      
Vukile. No representation or warranty, express or implied, is or will be made as
to, or in relation to, and no responsibility or liability is or will be accepted
by Rand Merchant Bank, a division of FirstRand Bank Limited or by any of its    
respective affiliates or agents as to, or in relation to, the accuracy or       
completeness of this announcement or any other written or oral information made 
available to or publicly available to any interested party or its advisers, and 
any liability therefore is expressly disclaimed.                                
Date: 11/04/2012 17:50:01 Supplied by www.sharenet.co.za                     
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