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SAC - SA Corporate - Update to Voluntary Announcement

Release Date: 05/06/2012 16:51
Code(s): SAC
Wrap Text

SAC - SA Corporate - Update to Voluntary Announcement SA Corporate Real Estate Fund (Incorporated in the Republic of South Africa) A Collective Investment Scheme in property registered in terms of the Collective Investment Schemes Control Act, No. 45 of 2002 and managed by SA Corporate Real Estate Fund Managers Limited (Registration number 1994/009895/06) Share Code: SAC ISIN Code: ZAE000083614 ("SA Corporate" or "SAC") UPDATE TO VOLUNTARY ANNOUNCEMENT Unitholders are referred to the voluntary announcement released on the Securities Exchange News Service ("SENS") on 4 June 2012 by Capital Property Fund ("CPL") as well as the previous announcements made by SA Corporate relating to CPL`s unsolicited and non-binding expression of interest ("EOI") in acquiring all the assets of SAC. SAC has formed an independent sub-committee which, together with its advisors, is considering SAC`s options regarding the approach by CPL. SAC is currently meeting with major unitholders to update them on the work being performed by SAC regarding the EOI and the recent appointment of Gerhard van Zyl as MD of SAC with effect from 1 June 2012. Consequently SAC is not in a position to provide comments in relation to any aspect of CPL`s proposal at this time. SAC will keep unitholders informed of any new developments and a further announcement regarding the EOI will be made in due course. Accordingly, unitholders are advised to continue to exercise caution when trading in SAC`s units until a further announcement has been made. 5 June 2012 Investment Bank Investec Specialist Bank Sponsor Nedbank Capital Date: 05/06/2012 16:51:01 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.

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