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AFRICAN LAND INVESTMENTS LIMITED - Changes to dates and times of the African Land Listing and Private Placement

Release Date: 19/11/2013 17:30
Code(s): ALI     PDF:  
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Changes to dates and times of the African Land Listing and Private Placement

African Land Investments Limited
(Incorporated in the Republic of South Africa)
(Registration number 2013/068973/06)
JSE share code: ALI
ISIN: ZAE000178885
(Approved as a REIT by the JSE)
(“African Land” or “the company” or “Afland”)


CHANGES TO DATES AND TIMES OF THE AFRICAN LAND LISTING AND PRIVATE PLACEMENT


1.       Introduction

         African Land shareholders and invited investors are referred to the announcement released on SENS on 6 November 2013
         advising that certain strategic investors had expressed a desire to acquire a significant stake in African Land and that the dates
         of the proposed African Land listing and private placement had been amended to accommodate this.

         Discussions with the strategic investors are ongoing. To ensure that the company is in a position to provide African Land
         shareholders and invited investors with information on the strategic investors before the offer closes, the offer period is being
         extended and the date of the listing on the JSE and the Lusaka Stock Exchange (“LuSE”) are being postponed by a further
         week.

2.       Revised dates and times of the offer and other salient dates

                                                                                                                                   2013
          Opening date of the LuSE offer under the Zambian private placement (09:00)                               Monday, 25 November
          Closing date of the JSE offer under the South African private placement (12:00)                           Friday, 29 November
          Closing date of the LuSE offer under the Zambian private placement (12:00)                                Friday, 29 November
          Notification of allotments to subscribing invited investors in terms of the South African and             Monday, 2 December
          Zambian private placements
          Results of South African and Zambian private placements released on SENS and on the                       Tuesday, 3 December
          website of the LuSE
          Results of the South African and Zambian private placement published in the press                      Wednesday, 4 December
          Listing of shares and the commencement of trading on the JSE (09:00)                                      Friday, 6 December
          Listing of shares and the commencement of trading on the LuSE (expected to be 11:00)                      Friday, 6 December
          Accounts at CSDP or broker updated and debited in respect of JSE dematerialised                           Friday, 6 December
          shareholders
          Accounts at CSD custodian or broker updated and debited in respect of LuSE dematerialised                   Friday, 6 December
          shareholders

         The above dates and times are South African dates and times and are subject to amendment. Any such amendment will be
         released on SENS and published in the press and published on the website of the LuSE.

19 November 2013


     Corporate advisor, sole bookrunner in          SA and international attorneys and          Independent JSE transaction sponsor
     South Africa and joint bookrunner in            advisors as to South African tax
           Zambia and JSE sponsor


                  Java Capital                             Norton Rose Fulbright                                 Deloitte


     LuSE sponsoring broker and joint bookrunner in Zambia                    Zambian attorneys and advisors as to Zambian tax


                      African Alliance Securities                                           Corpus Legal Practitioners

Date: 19/11/2013 05:30:00 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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