HYPROP INVESTMENTS LIMITED - Acquisition of Somerset Mall

Acquisition of Somerset Mall

HYPROP INVESTMENTS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1987/005284/06)
JSE share code: HYP ISIN: ZAE000003430
(Approved as a REIT by the JSE)
(“Hyprop” or “the company”)


ACQUISITION OF SOMERSET MALL


Unitholders are referred to the announcement dated 28 March 2013. The announcement advised that Hyprop and
Sycom Property Fund (“Sycom”), through its manager, Sycom Property Fund Managers Limited (“SPFM”), had
concluded an agreement in terms of which Hyprop will acquire 100% of Somerset Mall Shopping Centre in the
Western Cape (“Somerset Mall”) for R2.3 billion. The purchase price will be settled by Hyprop transferring
81 500 000 Sycom units to SPFM.

At the general meeting of Sycom unitholders held today, all Sycom unitholder approvals required for the transaction
were obtained.

The transaction remains subject to:
   - unconditional approval by the Competition Authorities; and
   - transfer of the remaining 50% of Somerset Mall to Sycom.

Unitholders will be kept abreast of progress.

16 July 2013


Corporate advisor, legal advisor and sponsor

Java Capital

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