Successful completion of private placement, fulfillment of conditions precedent and director’s dealing in linked uni ANNUITY PROPERTIES LIMITED (formerly Niqsha Beleggings CC) (Incorporated in the Republic of South Africa) (Registration Number 2011/145994/06) Linked unit code: ANP ISIN: ZAE000165643 (“Annuity” or “the Company”) SUCCESSFUL COMPLETION OF THE PRIVATE PLACEMENT, FULFILMENT OF CONDITIONS PRECEDENT AND DIRECTORS DEALING IN LINKED UNITS ANNOUNCEMENT A. PRIVATE PLACEMENT Annuity linked unit holders are referred to the circular to linked unit holders dated 25 October 2012 regarding the acquisition of various properties for an aggregate purchase consideration of R817.2 million (the “Proposed Acquisitions”) and the announcement released on the Securities Exchange News Service of the JSE Limited (“JSE”) on Friday, 23 November 2012. Annuity is hereby pleased to advise linked unit holders of the results of the private placement and the private placement issue price as follows: Issue price (clean) R5.20 Number of new linked units to be issued 92 683 519 Total private placement proceeds* R482.0 million *The private placement was limited to R482.0 million and was oversubscribed. Pursuant to the successful completion of the private placement, all conditions precedent relating to the acquisition of the Atrium property, the BCX property, the Langeberg Mall property and the Riverhorse property have been timeously fulfilled and the aforementioned acquisitions are now unconditional. Annuity shall issue and list the new linked units in dematerialised form on Monday, 10 December 2012, which is the first business day following the last day to trade for the September 2012 distribution (being Friday, 7 December 2012). B. DIRECTORS’ DEALING IN LINKED UNITS Pursuant to the above, and in compliance with rules 3.63 - 3.74 of the listing requirements of the JSE, the information relating to the participation in the private placement by directors of Annuity is set out below: Name : Panico Theocharides Designation : Joint Chief Executive Officer Nature of transaction : Off-market acquisition of linked units Nature of interest : Direct, beneficial (50 000 linked units); Indirect, beneficial (29 000 linked units) Date of transaction : 26 November 2012 Number of linked units : 79 000 Purchase price per linked : R5.20 unit Total value of transaction : R410 800 Clearance to deal obtained : Yes Name : Derek Greenberg Designation : Joint Chief Executive Officer Nature of transaction : Off-market acquisition of linked units Nature of interest : Indirect, beneficial Date of transaction : 26 November 2012 Number of linked units : 2 057 692 Purchase price per linked : R5.20 unit Total value of transaction : R10 699 998.40 Clearance to deal obtained : Yes Name : Schalk Strydom Designation : Chief Financial Officer Nature of transaction : Off-market acquisition of linked units Nature of interest : Indirect, beneficial Date of transaction : 26 November 2012 Number of linked units : 10 000 Purchase price per linked : R5.20 unit Total value of transaction : R52 000.00 Clearance to deal obtained : Yes Name : Daniel Rubenstein Designation : Executive Director Nature of transaction : Off-market acquisition of linked units Nature of interest : Indirect, beneficial Date of transaction : 26 November 2012 Number of linked units : 10 000 Purchase price per linked : R5.20 unit Total value of transaction : R52 000.00 Clearance to deal obtained : Yes llovo 30 November 2012 Lead Investment Bank and Sponsor to Annuity Transaction Sponsor to Joint Investment Bank Annuity to Annuity Rand Merchant Bank (a division of Investec Bank Limited Sasfin Capital FirstRand Bank Limited) Independent reporting Attorneys to Annuity accountants and auditors to Annuity Glyn Marais Inc PKF Date: 30/11/2012 04:07:00 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.