ASCENSION PROPERTIES LIMITED - Dealings in securities by directors of the company

Dealings in securities by directors of the company

ASCENSION PROPERTIES LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 2006/026141/06)
JSE share code for A-linked units: AIA ISIN: ZAE000161881
JSE share code for B-linked units: AIB ISIN: ZAE000161899
(Approved as a REIT by the JSE)
(“Ascension” or “the company”)

DEALINGS IN SECURITIES BY DIRECTORS OF THE COMPANY

Linked unitholders are advised of the following information relating to dealings in securities by directors of
Ascension pursuant to the scheme of arrangement entered into between Cape Empowerment Limited (“CEL”)
and CEL shareholders whereby a pro rata offer (“the offer”) was made by CEL to all CEL shareholders to
acquire their shares in CEL, payable in cash or by the issue of 1 Ascension B-linked unit for every 5 CEL shares
held (“the unit consideration”). If no election was made under the offer, CEL shareholders were deemed to
have elected the unit consideration (“the default alternative”), which was the case in regard to each of the
following:

Name of director:                                      Haroon Takolia
Transaction date:                                      10 May 2013
Class of securities:                                   Ascension B-linked units
Number of securities:                                  3 000 000
Price per security:                                    R2.40 (being the implied price based on the ratio of
                                                       1 Ascension B-linked unit for every 5 CEL shares
                                                       held in terms of the unit consideration)
Total value:                                           R7 200 000.00
Nature of transaction:                                 Off-market issue of Ascension B-linked units in
                                                       terms of the default alternative under the offer.
Nature and extent of director’s interest:              Direct beneficial
Clearance to deal received:                            The Ascension B-linked units were received in terms
                                                       of the default alternative under the offer.

Name of director:                                      Mervyn Burton
Transaction date:                                      10 May 2013
Class of securities:                                   Ascension B-linked units
Number of securities:                                  55 440
Price per security:                                    R2.40 (being the implied price based on the ratio of
                                                       1 Ascension B-linked unit for every 5 CEL shares
                                                       held in terms of the unit consideration)
Total value:                                           R133 056.00
Nature of transaction:                                 Off-market issue of Ascension B-linked units in
                                                       terms of the default alternative under the offer.
Nature and extent of director’s interest:              Direct beneficial
Clearance to deal received:                            The Ascension B-linked units were received in terms
                                                       of the default alternative under the offer.

Name of director:                                      Ashraf Mohamed
Transaction date:                                      10 May 2013
Class of securities:                                   Ascension B-linked units
Number of securities:                                  60 000
Price per security:                                    R2.40 (being the implied price based on the ratio of
                                                       1 Ascension B-linked unit for every 5 CEL shares
                                                       held in terms of the unit consideration)
Total value:                                           R144 000.00
Nature of transaction:                                 Off-market issue of Ascension B-linked units in
                                                       terms of the default alternative under the offer.
Nature and extent of director’s interest:              Direct beneficial
Clearance to deal received:                            The Ascension B-linked units were received in terms
                                                       of the default alternative under the offer.

19 August 2013


Sponsor
Java Capital

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