ACUCAP PROPERTIES LIMITED - Dividend declaration, changes to the board of directors of Acucap and change in year end of Acucap

Dividend declaration, changes to the board of directors of Acucap and change in year end of Acucap

Acucap Properties Limited
Approved as a REIT by the JSE
Incorporated in the Republic of South Africa
Registration number 2001/021725/06
Share code: ACP ISIN: ZAE000188660
(“Acucap”)




ACUCAP DIVIDEND DECLARATION ANNOUNCEMENT, CHANGES TO THE BOARD OF
DIRECTORS OF ACUCAP AND CHANGE IN YEAR-END OF ACUCAP



1. INTRODUCTION

   1.1. Acucap shareholders are referred to the circular dated 15 January 2015 (the “Circular”)
        regarding the offer by Growthpoint Properties Limited (“Growthpoint”) to acquire all of the
        shares in Acucap that it does not already own, by way of a scheme of arrangement (the
        “Scheme”) in terms of section 114 of the Companies Act, 2008 and are also referred to the
        Scheme finalisation announcement dated 12 March 2015.

2. DIVIDENDS

   2.1. As detailed in the Circular, Acucap will pay a cash dividend (the “Dividend”) to Acucap
        shareholders in respect of the period 1 October 2014 to 31 March 2015.

   2.2. Notice is hereby given that the Dividend will be paid to Acucap shareholders in accordance
        with timelines set out in paragraph 3 below.

   2.3. A finalisation announcement in respect of the Dividend will be released on SENS by no later
        than Friday, 10 April 2015, which finalisation announcement shall contain the amounts of the
        Dividend and the tax treatment thereof for Acucap shareholders.

3. SALIENT DATES AND TIMES

   Important dates and times in relation to the Dividend declaration are set out below:

     Dividend declaration date                                                      Wednesday, 1 April 2015

     Finalisation date in respect of the Dividend                                   Friday, 10 April 2015

     Last day to trade in respect of the Dividend                                   Friday, 17 April 2015

     Acucap shares trade ex-Dividend from                                           Monday, 20 April 2015

     Suspension of listing of Acucap shares on the JSE from                         Monday, 20 April 2015

     Record date for the Dividend                                                   Friday, 24 April 2015

     Payment date of the Dividend                                                   Tuesday, 28 April 2015

  Share certificates may not be dematerialised or rematerialised between Monday, 20 April 2015 and
  Friday, 24 April 2015, both days inclusive.



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4. CHANGE IN BOARD OF DIRECTORS OF ACUCAP

    As disclosed in the Circular, and in accordance with the implementation agreement in respect of
    the Scheme, the board of directors of Acucap (“Board”) hereby advises that the following changes
    to the Board will take effect from Wednesday, 1 April 2015 -


    Name of director                    Position held                          Nature of change in Board

    RC Frolich                          Independent non-executive              Resignation
                                        director
    ND Mandindi                         Independent non-executive              Resignation
                                        director
    CB Marlow                           Non-executive director                 Resignation

    MS Moloko                           Independent non-executive              Change in role *
                                        director

    BE Stevens                          Independent non-executive              Resignation
                                        director
    NDC Whale                           Independent non-executive              Resignation
                                        director
    C Kotze                             Financial director                     Resignation

    JH Rens                             Executive director                     Change in role *

    LN Sasse                            Executive director                     New appointment

    EK de Klerk                         Executive director                     New appointment

    RG Pienaar                          Executive director                     New appointment

    SA le Roux                          Executive director                     New appointment



   *Mr MS Moloko has been appointed as an alternate director to Messrs BS Kantor and FM Berkeley and Mr JH
   Rens has been appointed as an alternate director to Mr PA Theodosiou.

   The Board would like to thank those directors that have resigned for their tenure as members of the
   Board. Their contribution and commitment has been key to the success of Acucap.


5. CHANGE IN YEAR END

    In anticipation of the implementation of the Scheme, Acucap shareholders are advised that
    Acucap’s year-end has been changed from 31 March to 30 June in order to align its reporting
    timelines with those of Growthpoint. The change in year-end of Acucap is effective from the 2015
    financial year.




1 April 2015



CORPORATE ADVISOR AND SPONSOR TO ACUCAP

QUESTCO



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