FOUNTAINHEAD PROPERTY TRUST - Proposal by Redefine Properties Limited to acquire additional Fountainhead units

Proposal by Redefine Properties Limited to acquire additional Fountainhead units

Fountainhead Property Trust
A Collective Investment Scheme in property registered in terms of the Collective Investment Schemes Control
Act, No.45 of 2002 and managed by Fountainhead Property Trust Management Limited
(Registration number 1983/003324/06)
Share code: FPT
ISIN code: ZAE000097416
("Fountainhead")


PROPOSAL BY REDEFINE PROPERTIES LIMITED (“REDEFINE”) TO ACQUIRE ADDITIONAL
FOUNTAINHEAD UNITS


Unitholders of Fountainhead (“Unitholders”) are referred to the announcement released by Redefine on the Stock
Exchange News Service (“SENS”) of the JSE Limited today in terms of which Redefine, which currently owns
approximately 50% of the participatory units in Fountainhead (“Fountainhead Units”), proposes to acquire
additional Fountainhead Units on the following basis:


-   an acquisition of up to an additional 250 million Fountainhead Units in return for 110 Hyprop Investments
    Limited units for every 1 000 Fountainhead Units acquired by Redefine;


-   the minimum number of Fountainhead Units to be acquired by Redefine from any single vendor of
                                                                                    1
    Fountainhead Units acting as principal will be 135 000 Fountainhead Units and thereafter in multiples of
    1 000 Fountainhead Units;


-   agreements to acquire additional Fountainhead units by Redefine will be concluded on a “first come first
    served” basis;


-   Redefine’s proposal to acquire additional Fountainhead units will remain open until the earlier of (i) close of
    business on Friday, 18 October 2013 and (ii) Redefine notifying the market over SENS of the withdrawal of
    its proposal; and


-   a binding legal agreement for the acquisition by Redefine of additional Fountainhead Units on the aforesaid
    basis will be subject to the execution of a trade confirmation between Redefine and each Unitholder which
    wishes to sell Fountainhead Units to Redefine,



(collectively “the Proposed Acquisition”).


The beneficial owner of any Fountainhead Units who wishes to transact with Redefine on the aforesaid basis
should contact Redefine’s appointed broker for the purpose of the transaction, being RMB Stockbroking
Operations    (Proprietary)   Limited    (Ref:   Gavin   van   Wyk,    telephone:       +27   11 282-8907,   email:
gavin.vanwyk@rmb.co.za).


Redefine reserves the right, at its election, to withdraw, amend or modify the Proposed Acquisition at any time.
Fountainhead Unitholders will be advised in due course regarding the outcome of the Proposed Acquisition.


Any queries in regard to the Proposed Acquisition may be addressed to Kevin Joselowitz or Warren Lawlor on
+27 11 283-0042/283-0079 or by email on fountainhead@javacapital.co.za.
Note:
1.   The minimum number of Fountainhead Units to be acquired by Redefine in terms of the proposal is
     informed by requirements imposed in terms of the Companies Act, 71 of 2008, and may need to be
     adjusted from time to time based on the market price of Fountainhead units.



Johannesburg

Johannesburg
2 October 2013

Sponsor
The Standard Bank of South Africa Limited


This announcement does not constitute or form part of an offer to purchase securities. 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 (the “Companies Act”). 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 or any
other country or territory where it is unlawful to do so.

Date: 02/10/2013 08:35:00 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.