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GOGLOBAL PROPERTIES LIMITED - Net asset value and dividend update

Release Date: 05/08/2014 15:00
Code(s): GGP     PDF:  
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Net asset value and dividend update

GoGlobal Properties Limited
(Incorporated in Bermuda)
(Registration number 47031)
BSX share code: GGB.BH
JSE share code: GGP ISIN: BMG945551023
(“GoGlobal” or “the company”)

NET ASSET VALUE AND DIVIDEND UPDATE


Hamilton, Bermuda – 5 August, 2014

Net Asset Value as at 30 June 2014

The net asset value of the ordinary shares as at 30 June 2014 was £1.12 per ordinary share.

Dividend for the quarter ended 30 June 2014

As advised by the Company in the Cautionary Announcement released on 3 July, GoGlobal is in discussions
with parties for the acquisition of a portfolio of properties in Germany, United Kingdom and Switzerland. It
is the intention that the consideration for this transaction will be the issue of further shares at an issue price
equivalent to the net asset value of GoGlobal as at 31 March 2014 (adjusted downwards for any dividends
paid by GoGlobal after 31 March 2014). Accordingly if a dividend was to be declared for the quarter ended
30 June 2014, this would reduce the issue price of the new GoGlobal shares, resulting in the issue of more
shares than would otherwise be the case. In the circumstances, the Board has determined that it is in the best
interests of shareholders not to declare a dividend for the quarter ended 30 June 2014.

Shareholders are advised to continue to exercise caution when dealing in their GoGlobal shares until a
further announcement is made.

GoGlobal has a primary listing on the Bermuda Stock Exchange (“BSX”) and a secondary listing on the
Alternative Exchange of the JSE.

Note: All times indicated in this announcement are British Summer Time (“BST”) or GMT +1 hour.


5 August 2014


JSE sponsor                                               BSX sponsor
Java Capital                                              Global Clearing and Custody Limited

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