HYPROP INVESTMENTS LIMITED - Compliance notice in terms of section 45(5)(a) of the Companies Act, 2008 for the granting of financial assistance

Compliance notice in terms of section 45(5)(a) of the Companies Act, 2008 for the granting of financial assistance

HYPROP INVESTMENTS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1987/005284/06)
JSE share code: HYP ISIN: ZAE000190724
(Approved as a REIT by the JSE)
(“Hyprop” or “the company”)


COMPLIANCE NOTICE IN TERMS OF SECTION 45(5)(a) OF THE COMPANIES ACT, 2008 FOR THE GRANTING OF FINANCIAL ASSISTANCE


Notice is hereby given to Hyprop shareholders, as required in terms of section 45(5)(a) of the Companies Act, 2008 (“the
Act”) that the board of directors of Hyprop (“the Board”) in terms of a resolution dated 19 August 2014, authorised the
company to provide a guarantee (the “financial assistance”) on behalf of its wholly-owned subsidiary, Hyprop
Investments Mauritius Limited (“Hyprop Mauritius”) in respect of a bank loan of US$100 million raised by Hyprop
Mauritius, the proceeds of which are to be utilised by Hyprop Mauritius to:

    -   facilitate the restructure of Hyprop’s investment in African Land Limited;
    -   advance shareholder loan funding to Atterbury Africa Limited for ongoing development activity in Sub-Saharan
        Africa, excluding South Africa.

The financial assistance has been granted pursuant to the authority granted to the Board by Hyprop shareholders at the
annual general meeting of Hyprop held on 5 December 2013.

In terms of section 45(3)(b) of the Act, the Board is satisfied that:

    -   immediately after the provisions of the financial assistance, the company would satisfy the solvency and liquidity
        test set out in section 4 of the Act; and
    -   the terms under which the financial assistance is proposed to be given are fair and reasonable to Hyprop.

22 August 2014


Sponsor

Java Capital

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