REB - Rebosis Properties Limited - Issue of Linked Units and Fulfilment of

REB - Rebosis Properties Limited - Issue of Linked Units and Fulfilment of      
conditions precedent                                                            
REBOSIS PROPERTIES LIMITED                                                      
Registration number 2010/003468/06                                              
JSE code: REB    ISIN: ZAE 000156147                                            
("Rebosis" or the "company")                                                    
ISSUE OF LINKED UNITS AND FULFILMENT OF CONDITIONS PRECEDENT                    
Further to the announcements published on SENS on 7 December 2012 and 25 April  
2012, linked unitholders are advised that the company has, pursuant to a vendor 
consideration placing, successfully raised a total of R295.5 million through the
issue of 29,402,986 new linked units ("vendor consideration units") at an issue 
price of R10.05 per linked unit. The placement was oversubscribed.              
The total proceeds will be utilised by Rebosis to settle part of the purchase   
considerations of the acquisitions of the Revenue Building, 270 Jabu Ndlovu     
Street, 28 Harrison Street and SASSA Campus (the "acquisitions"). The balance of
the purchase considerations will be funded through third party bank debt.       
The vendor consideration units are expected to be issued and commence trading on
the JSE with effect from Monday, 11 June 2012 and will rank pari passu with     
existing Rebosis linked units in issue.                                         
Following the issue and listing of the vendor consideration units, Rebosis`     
linked capital will consist of 249,147,699 linked units with voting rights.     
FULFILMENT OF CONDITIONS PRECEDENT                                              
Linked unitholders are advised that the acquisitions are now unconditional.     
29 May 2012                                                                     
Bookrunner, corporate advisor and sponsor                                       
Java Capital                                                                    
Date: 29/05/2012 15:21:01 Supplied by www.sharenet.co.za                     
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