BONATLA PROPERTY HOLDINGS LIMITED - Partial withdrawal of Cautionary Announcement and Renewal of Cautionary Announcement

Partial withdrawal of Cautionary Announcement and Renewal of Cautionary Announcement

BONATLA PROPERTY HOLDINGS LIMITED
(Incorporated in the Republic of South Africa
(Registration number 1996/014533/06)
Share code: BNT & ISIN code: ZAE000013694
("Bonatla" or "the company")


    PARTIAL WITHDRAWAL OF CAUTIONARY ANNOUNCEMENT AND RENEWAL OF
    CAUTIONARY ANNOUNCEMENT


PARTIAL WITHDRAWAL OF CAUTIONARY ANNOUNCEMENT

Shareholders are referred to the previous cautionary announcements dated 6 March
2013, 22 April 2013, 5 July 2013, 8 July 2013, 19 August 2013, 1 November 2013 and
4 November 2013, respectively, and are advised that certain negotiations referred to
therein are still in progress, whilst other negotiations have been terminated.

The negotiations that have been terminated or not pursued are as follows:

-      The negotiations for the acquisition of Eagle Creek Investments 289 Proprietary
       Limited relating to the acquisition of an additional 100 000 m2 bulk at the Durban
       Point Development;
-      The acquisition of 50% of Golden Pond, which agreement had lapsed and a revival
       agreement was to be entered into, will no longer be pursued.

RENEWAL OF CAUTIONARY ANNOUNCEMENT

Shareholders are referred to the previous cautionary announcements dated 6 March
2013, 22 April 2013, 5 July 2013, 8 July 2013, 19 August 2013, 1 November 2013 and
4 November 2013 respectively and are advised that certain negotiations referred to
therein are still in progress, including the potential disposal of four additional properties
and certain acquisitions, or pro forma financial effects are still required to be announced.
Details of these are summarised as follows:

Pro forma effects still to be announced:
-     Disposal of Bishops Court announced on 17 May 2013;
-     Disposal of Austin Crossing announced on 17 May 2013;
-     Acquisition of an increased shareholding in CPTech from related parties
      announced on 17 May 2013;

On-going discussions and/or negotiations:
-    Acquisition of 75.1% of Guilder Investments Proprietary Limited;
-    Acquisition of 75.1% in a special purpose vehicle to be formed for the Jozini
     acquisition;
-    Acquisition of Ruitersvlei;
-    Disposal of Chambers to be announced imminently;
-    Disposal of Tropical 320 to be announced imminently;
-    Disposal of Madeline to be announced imminently; and
-    Disposal of Tropical 334 to be announced imminently.
Shareholders are advised to continue to exercise caution in dealing in their Company’s
securities until an announcement detailing the pro forma financial effects of the above
transactions is made and until further announcements are made regarding the on-going
discussions and/or negotiations detailed above.

JOHANNESBURG
17 December 2013


Sponsors:
Arcay Moela Sponsors (Pty) Ltd

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