Acquisition of land for development of a premises in Kwa-Zulu Natal ONELOGIX GROUP LIMITED (Incorporated in the Republic of South Africa) (Registration number 1998/004519/06) JSE share code: OLG ISIN: ZAE000026399 (“OneLogix” or “the company”) ACQUISTION OF LAND FOR DEVELOPMENT OF A PREMISES IN KWA-ZULU NATAL 1. INTRODUCTION OneLogix (“the purchaser”) has concluded an agreement with Afroprop Natal Proprietary Limited (“the seller”) for the acquisition (“the acquisition”) of portion 855 (of 844) of the farm Vaalkop and Dadelfontein no. 885 (“the land”) for a purchase price of R69 161 000 (“purchase price”). The seller is the beneficial owner of the land. 2. RATIONALE FOR THE ACQUISITION OneLogix has been investigating suitable new premises for Vehicle Delivery Services Proprietary Limited (“VDS”), a division of OneLogix Proprietary Limited, in the Durban area. The land is a large tract of land between Durban and Pietermaritzburg that OneLogix plans to develop into a major vehicle storage facility for VDS, together with further facilities for general group usage, such as a large workshop, fuel tanks and truck parking areas for various group subsidiaries (“the development”). 3. DETAILS OF THE LAND AND THE DEVELOPMENT 3.1. The land is situated in KwaZulu-Natal and comprises 14.2941 hectares. 3.2. The development is expected to cost approximately R52 400 000 (“development cost”) and transfer of the completed development is expected to be mid-December 2014. 4. TERMS OF THE ACQUISITION 4.1. The purchase price is payable by the purchaser to the seller on the date of registration of transfer of the land to the purchaser (the “transfer date”). 4.2. Payment of the purchase price must be secured by the purchaser in full by a bank guarantee, expressed as payable in Durban, which guarantee shall be lodged with Garlicke & Bousfield Incorporated no less than 30 days prior to the anticipated transfer date. 4.3. OneLogix has received in principle approval from a financial institution for debt funding for the acquisition and the development on a loan-to-value basis of 70%. The balance of the purchase price for the land and the development cost of approximately R36 500 000 will be funded through existing cash resources and short-term facilities. 4.4. The agreement provides for warranties and indemnities that are normal for an acquisition of this nature. 5 CONDITIONS PRECEDENT 5.1 The acquisition is subject to the fulfilment or waiver, as the case may be, of the following suspensive conditions: 5.1.1 prior to 16h00 on 1 August 2014 the seller being in a position to transfer the land to the purchaser subject to the terms and conditions set out in the agreement; and 5.1.2 prior to 16h00 on 1 August 2014 the seller procuring that the land is zoned and/or is the subject of special consent approval so as to enable the purchaser to undertake the storage of motor vehicles and ancillary business activities thereon. 5.2 The seller and the purchaser may by mutual written agreement extend the date for the fulfilment of any one of the suspensive conditions. 5 CATEGORISATION OF THE ACQUISITION The acquisition constitutes a category 2 transaction in terms of the JSE Listings Requirements and accordingly does not require approval by OneLogix shareholders. 6 PRO FORMA FINANCIAL EFFECTS The unaudited pro forma financial effects of the acquisition on OneLogix’s basic and diluted basic earnings per share, headline and diluted headline earnings per share, net asset value and net tangible asset value per share, based on OneLogix’s unaudited condensed consolidated interim results for the six months ended 30 November 2013, are not significant and are accordingly not presented. 25 June 2014 Corporate advisor and sponsor Java Capital Date: 25/06/2014 04:43:00 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.