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Results Of Offering Of Linked Units
Vukile Property Fund Limited
(Incorporated in the Republic of South Africa)
(Registration number 2002/027194/06)
JSE share code: VKE ISIN: ZAE000056370
NSX share code: VKN
("Vukile" or “the Company”)
NOT FOR PUBLICATION, DISTRIBUTION OR RELEASE, DIRECTLY OR INDIRECTLY, IN OR INTO
THE UNITED STATES OF AMERICA, CANADA, JAPAN OR AUSTRALIA.
RESULTS OF OFFERING OF LINKED UNITS
1. Introduction
Holders of Vukile linked units are referred to the announcement released on SENS earlier today,
relating to the launch of an offering of linked units (the “Offering”).
2. Results of the Offering
Vukile is pleased to announce that the Offering was significantly oversubscribed and 20 525 000 new
linked units were placed with qualifying institutional investors at a price of R16.70 per linked unit for
gross proceeds of R342.8 million.
The issue price represents a discount of 3.0% to the closing price and a discount of 4.6% to the 30 day
volume weighted average price of Vukile linked units on Monday, 10 December 2012.
Included in the issue price of R16.70 is an antecedent divestiture of 32.5 cents per linked unit for the
period 1 October 2012 to 19 December 2012 in respect of the second distribution period 1 October
2012 to 31 March 2013.
3. Listing and settlement
Listing and trading of the new linked units is expected to commence at 09h00 on Wednesday, 19
December 2012.
4. Bookrunner
Rand Merchant Bank, a division of FirstRand Bank Limited (“RMB”), is acting as sole bookrunner for the
Offering.
Johannesburg
11 December 2012
Bookrunner, merchant bank and transaction sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
This announcement is not for publication or distribution or release, directly or indirectly, in the United
States of America (including its territories and possessions, any state of the United States and the
District of Columbia). This announcement does not constitute or form part of an offer or solicitation of an
offer to purchase or subscribe for securities in the United States or any other jurisdiction. The securities
referred to herein have not been and will not be registered under the United States Securities Act of
1933, as amended (the "Securities Act"), and may not be offered or sold, directly or indirectly, in the
United States, absent registration or an exemption from, or transaction not subject to, the registration
requirements of the Securities Act. No public offering of securities is being made in the United States.
This announcement does not and is not intended to constitute an offer to the public in South Africa in
terms of the South African Companies Act 71 of 2008 (as amended). Neither this announcement nor
any copy of it may be taken, transmitted or distributed, directly or indirectly in or into the United States,
Canada, Australia or Japan.
This announcement is for information purposes only and in member states of the European Economic
Area (other than the United Kingdom) is directed only at persons who are qualified investors (as defined
in article 2(1)(e) of EU directive 2003/71/EC (the "Prospectus Directive") and the relevant implementing
rules and regulations adopted by each Member State). In the United Kingdom, this announcement is
directed only at the following persons: investment professionals falling within article 19(5) of the
Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the "Order"); and high net
worth entities, and other persons to whom it may lawfully be communicated, falling within article 49(2)(a)
to (d) of the Order.
This announcement has been issued by and is the sole responsibility of the Vukile. No representation or
warranty, express or implied, is or will be made as to, or in relation to, and no responsibility or liability is
or will be accepted by RMB or by any of its respective affiliates or agents as to, or in relation to, the
accuracy or completeness of this announcement or any other written or oral information made available
to or publicly available to any interested party or its advisers, and any liability therefore is expressly
disclaimed.
This announcement does not purport to identify or suggest the risks (direct or indirect) which may be
associated with an investment in the securities. Any investment decision to buy securities in the
Placement must be made solely on the basis of publicly available information which has not been
independently verified by RMB.
RMB is acting for Vukile, and no one else, in connection with the Offering and will not be responsible to
anyone other than Vukile for providing the protections offered to clients of RMB, nor for providing advice
in relation to the Offering.
Date: 11/12/2012 01:45:00 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.
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