BONATLA PROPERTY HOLDINGS LIMITED - Renewal of Cautionary Announcement

Renewal of Cautionary Announcement

BONATLA PROPERTY HOLDINGS LIMITED
(Registration number 1996/014533/06)
Share code: BNT ISIN: ZAE000013694
(”Bonatla” or “the Company”)


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,
4 November 2013, 17 December 2013, 31 January 2014, 21 February 2014,
5 May 2014, 17 June 2014, 30 June 2014 and 11 August 2014 respectively and are
advised that certain negotiations referred to therein are still active and ongoing.

The company is pleased to announce that it is now compliant with the composition of
the Board of Directors pertaining to the provisions of King III, including all Board and
Audit Committees).

In addition, to Wilfried Voigt CA(SA), the company’s financial director, the Board also
has access to two additional Chartered Accountants, namely Mr Mark Nurick and
Mr Reginald Bernstein.

Shareholders are further advised to continue to exercise caution with regard to the
following:

Pro forma effects still to be announced on:
-    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;
-    Disposal of Chambers announced on 21 February 2014;
-    Disposal of Tropical 320 announced on 21 February 2014;
-    Disposal of Tropical 334 announced on 21 February 2014;
-    Share Swap Agreement for Kimberley Diamond and Jewellery Hub announced
     as above; and
-    Share Swap Agreement for Lincoln Meade Park announced as above.

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; and
-    Acquisition of Ruitersvlei.

Shareholders are reminded the requisite irrevocable undertakings were secured from
shareholders at the time of entering into the above transactions.

In addition, shareholders are advised that the JSE investigations have now been
concluded per the announcements published on SENS on 14 November 2012,
24 April 2013, 5 July 2013, 8 July 2013, 21 February 2014, 5 May 2014,
17 June 2014, 30 June 2014 and 11 August 2014 respectively and directors and
former directors have responded to the JSE in this regard. The Company is awaiting
the JSE’s advice in relation thereto and permission to continue with the relevant
processes in accordance with the JSE Listings Requirements.

Accordingly shareholders are advised to continue to exercise caution in dealing in
their shares until full announcements in respect of this investigation and all of the
acquisition and disposal transactions are made.

A circular to shareholders outlining the above transactions will be finalised and
circulated in due course once the outcome of these investigations are finalised and
advised to the Company.


By order of the board
22 September 2014

Sponsor
Arcay Moela Sponsors Proprietary Limited

Date: 22/09/2014 05:43:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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