REBOSIS PROPERTY FUND LIMITED - Declaration of a special distribution to Rebosis shareholders

Declaration of a special distribution to Rebosis shareholders

REBOSIS PROPERTY FUND LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 2010/003468/06)
JSE share code: REB ISIN: ZAE000201687
(Approved as a REIT by the JSE)
(“Rebosis” or “the company”)


DECLARATION OF A SPECIAL DISTRIBUTION TO REBOSIS SHAREHOLDERS


1.    Introduction

      The directors of Rebosis have resolved to declare a distribution of distributable earnings of Rebosis for the four
      months ended 30 June 2015 (the “Rebosis distribution” or the “distribution”) to Rebosis ordinary
      shareholders that are recorded as such on Friday, 14 August 2015, pursuant to the proposed acquisition by
      Rebosis of the entire issued B linked unit capital of Ascension Properties Limited (“Ascension”) that it does not
      already own by way of a scheme of arrangement (“B scheme”) in terms of section 114 of the Companies Act,
      71 of 2008 (the “Companies Act”). The B scheme was approved by the requisite majority of Ascension
      B debenture holders and B shareholders, respectively.

      The estimated amount of the Rebosis share distribution per Rebosis share for the four months ended
      30 June 2015 will be announced on SENS on Thursday, 30 July 2015.

      The final amount of the Rebosis distribution per Rebosis share for the four months ended 30 June 2015 will be
      announced on SENS by Thursday, 13 August 2015.

2.    Salient dates

      The salient dates relating to the Rebosis distribution are set out below.

                                                                                                                   2015
      Declaration date announcement in respect of the Rebosis distribution released on SENS           Thursday, 23 July
      Finalisation date announcement in respect of the Rebosis distribution released on SENS          Thursday, 30 July
      Last day to trade in Rebosis ordinary shares in order to receive the Rebosis distribution      Thursday, 6 August
      Rebosis ordinary shares trade ‘ex’ the entitlement to receive the Rebosis distribution
      from                                                                                             Friday, 7 August
      Final amount of the Rebosis distribution to be announced on SENS by 10h00 on                  Thursday, 13 August
      Record date for receipt of the Rebosis distribution                                             Friday, 14 August
      Rebosis distribution paid to Rebosis ordinary shareholders                                      Monday, 17 August

      Notes
      1. All times given are local times in South Africa.
      2. The dates and times set out above are subject to change. Any such change will be released on SENS.
      3. No dematerialisation or rematerialisation of Rebosis ordinary shares may take place between Friday,
         7 August 2015 and Friday, 14 August 2015, both days inclusive.

23 July 2015


 Corporate advisor and sponsor                                Legal advisor to the transaction
 Java Capital                                                Cliffe Dekker Hofmeyr

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