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BNT - Bonatla Properties Limited - Further cautionary announcement relating to the conclusion of acquistion agreements by Bonatla BONATLA PROPERTIES LIMITED (Incorporated in the Republic of South Africa) (Registration number 1996/014533/06 ("Bonatla" or "the company") ISIN Code: ZAE 000013694 Share code: BNT FURTHER CAUTIONARY ANNOUNCEMENT RELATING TO THE CONCLUSION OF ACQUISTION AGREEMENTS BY BONATLA Further to the cautionary announcement dated 18 June 2012, the Directors of Bonatla are pleased to announce the signing of the following acquisition agreements: Name of Vendor Nature of Consideration Company Being Acquisition Acquired Empowerprop Cash 100% of issued R100 to be settled in (Pty) Ltd Outsourcing share capital plus cash with the Management the assumption of assumption of all Services (Pty) all liabilities in liabilities including Ltd respect of a loan accounts to the
(Registration property portfolio value of R80 000 000. Number: with a value of The Vendor has 2004/003875/07) R80 000 000. undertaken to underwrite the value
of the properties in return for a 50% share on sales profits for the duration of the
underwriting agreement. Guilder Business Park 75.1% of the The net consideration Investments Development issued share of R175 000 000 will (Pty) Ltd Trust capital, the be settled through the (IT175/2012) assumption of issue of 175 000 000 liabilities to a ordinary shares in
maximum value of Bonatla to the Vendor R70 000 000 plus at an issue price of the rights to R1.00 per share. A develop the negotiation fee of
property described R750 000 will be paid as Portion 4 of in cash. Liabilities ERF 6803 Pinetown to a maximum of R70 Registration 000 000 will be
Division FT assumed. Province of Kwa Zulu Natal in extent 119, 0225
Hectares and the remainder of 6803 Pinetown Registration
Division FT Province of Kwa Zulu Natal in extent 167, 1552
hectares. Special Lake 75.1% of the R90 000 000 to be Purpose Development issued share settled through the Vehicle (SPV) Trust capital, the issue of 90 000 000 to be formed (IT173/2012) cession to the SPV ordinary shares in pending of a 40 year Bonatla to the vendor confirmation renewable lease at an issue price of of agreement from R1.00 per share plus a renegotiation Ntsinde Royal cash negotiation fee of 40 year Jozini Holdings of R500 000. lease (Pty) Ltd and the agreement rights to develop between the land described Ntsinde Royal as Portion 7 & 6 Jozini of the farm Holdings reserve No. 16 and (Pty) Ltd and No 15836, which Ingonyama land borders the Trust Board Lake Jozini dam in Kwa-Zulu Natal. All of the above agreements are subject to due diligence investigations and detailed terms announcements will be released on the conclusion of these due diligence investigations to the satisfaction of Bonatla. Shareholders are advised to continue to exercise caution when trading in Bonatla shares until the full terms of the agreements are released on SENS. Johannesburg 29 June 2012 Sponsor Arcay Moela Sponsors (Proprietary) Limited Date: 29/06/2012 17:49:40 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.
