ATTACQ LIMITED - Hyprop and Attacq invest in African Land

Hyprop and Attacq invest in African Land

                                                                                                  ATTACQ LIMITED
HYPROP INVESTMENTS LIMITED                                                                        (previously Atterbury Investment Holdings
(Incorporated in the Republic of South Africa)   AFRICAN LAND INVESTMENTS                         Limited)
(Registration number 1987/005284/06)             LIMITED                                          (Incorporated in the Republic of South Africa)
JSE share code: HYP ISIN: ZAE000003430           (Incorporated in the Republic of South Africa)   (Registration number 1997/000543/06)
(Approved as a REIT by the JSE)                  (Registration number 2013/068973/06)             JSE share code: ATT ISIN: ZAE000177218
(“Hyprop”)                                       (“African Land”)                                 (“Attacq” )



                                        HYPROP AND ATTACQ INVEST IN AFRICAN LAND


African Land previously announced that, in the context of its private placement and listing on the Johannesburg and Lusaka Stock
Exchanges, it was in discussions with strategic investors that expressed an interest in subscribing for a significant stake in African
Land. Following from these discussions, agreement has been reached (subject to conditions) in terms of which Hyprop and Attacq
will acquire 87% and 12.4% respectively of the issued shares in African Land, with the balance of 500,000 shares held by Kevin
Teeroovengadum, African Land’s CEO.

African Land will continue as a separate property entity with the view to growing its property portfolio by acquiring quality,
predominantly retail properties in key sub-Saharan African jurisdictions outside South Africa. Hyprop and Attacq will provide
African Land with capital to make suitable investments to meet its objectives. As a result, African Land will not proceed with listing
on the JSE and LuSE. African Land will endeavour to provide Zambian investors with an opportunity to invest in Manda Hill
Shopping Centre, and will engage with the Zambian authorities and investors in this regard.

27 November 2013


Corporate advisor, legal advisor to African Land and sponsor to Hyprop and Attacq

Java Capital


Legal advisor to Hyprop and Attacq

Edward Nathan Sonnenbergs

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