ANNUITY PROPERTIES LTD - CAUTIONARY ANNOUNCEMENT

ANNUITY PROPERTIES LIMITED
(formerly Niqsha Beleggings CC)
Incorporated in the Republic of South Africa
(Registration number 2011/145994/06)
Share code: ANP ISIN: ZAE000165643
('Annuity' or 'the company')

CAUTIONARY ANNOUNCEMENT


Linked unitholders are advised that Annuity has entered

into discussions which, if successfully concluded, may

have an effect on the price of the company's securities.

Accordingly, linked unitholders are advised to exercise

caution when dealing in the company's securities until a
further announcement is made.

Illovo
16 July 2012

Sponsor

RAND MERCHANT BANK (A division of FirstRand Bank Limited)


Date: 16/07/2012 01:30:00 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.