HYPROP INVESTMENTS LIMITED - Notification in terms of section 45 of the Companies Act 2008

Notification in terms of section 45 of the Companies Act 2008

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”)



NOTIFICATION IN TERMS OF SECTION 45 OF THE COMPANIES ACT 2008



Hyprop unitholders are advised that pursuant to a financial assistance authority granted in terms of section 45 of the
Companies Act, the company has provided a guarantee on behalf of a wholly-owned subsidiary, Hyprop Investments
Mauritius Limited (“Hyprop Mauritius”), for a loan of USD20 million, which Hyprop Mauritius has raised by way
of a bank loan and which will in turn be advanced to Atterbury Africa as a shareholder loan (the “financial
assistance”).

In terms of section 45 of the Act, the board has satisfied itself that:

-   the terms under which the financial assistance is to be given are fair and reasonable to Hyprop; and
-   Hyprop meets the requirements of the “Solvency and Liquidity Test” as contemplated in section 4 of the Act.

11 November 2013


Sponsor

Java Capital

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