Sharenet Sites 
Sharenet Sites
Change Statement, Resignation of Chairman and Notice of Annual General Meeting
Freedom Property Fund Limited
(Incorporated in the Republic of South Africa)
(Registration number: 2012/129186/06)
Share code: FDP
ISIN: ZAE000185260
("FDP" or "the Company" or “the Group”)
CHANGE STATEMENT, RESIGNATION OF CHAIRMAN AND NOTICE OF ANNUAL GENERAL MEETING
CHANGE STATEMENT
Shareholders are hereby advised that the integrated annual report for the year ended 28 February 2015 (“Annual Integrated Report”) is
being posted to shareholders today, 29 July 2015, and save for the changes set out below, contains no material modifications to the
reviewed results which were published on the Stock Exchange News Service of the JSE Limited (“JSE”) on Monday, 25 May 2015.
AUDITED RESULTS FOR THE YEAR ENDED 28 FEBRUARY 2015
CONSOLIDATED STATEMENT OF FINANCIAL POSITION
Audited Reviewed
Note 28 February 2015 28 February 2015 Change
R’000s R'000s R'000s
ASSETS
Non-current assets 1 1 561 890 1 561 038 852
Current assets 143 356 143 355 1
Total assets 1 705 246 1 704 393 853
EQUITY AND LIABILITIES
Total equity 1 339 736 1 339 738 (2)
Non-current liabilities 1 327 911 327 059 852
Current Liabilities 37 599 37 596 3
Total Equity & liabilities 1 705 246 1 704 393 853
CONSOLIDATED STATEMENT OF CASH FLOWS
Audited Reviewed
Note 28 February 2015 28 February 2015 Change
R’000s R'000s R'000s
Cash flows from operating activities
Cash utilised in operations 2 (1 092) (37 282) (36 190)
Interest income 32 32 -
Finance costs (4 436) (4 436) -
Tax paid (150) (150) -
Net cash from operating activities (5 646) (41 836) (36 190)
Cash flows from investing activities
Purchase of property, plant and equipment (867) (867) -
Purchase of investment property 2 (59 312) (163 946) 104 634
Business combinations 2 (2 857) - (2 857)
Purchase of subsidiaries 2 - (719 370) 719 370
Purchase of other investments (2 433) (2 433) -
Proceeds on sale of investment property 1 000 1 000 -
Proceeds on sale of subsidiary 3 - 12 000 (12 000)
Net cash from investing activities (64 469) (873 616) 809 147
Cash flows from financing activities
Proceeds on share issue 2 - 823 316 (823 316)
Proceeds from other financial liabilities 4 62 249 84 270 (22 021)
Net cash from financing activities 62 249 907 586 (845 337)
Total cash movement for the year (7 866) (7 866) -
Cash at the beginning of the year 15 15 -
Cash at the end of the year (7 851) (7 851) -
The difference between the audited annual financial statements and the reviewed results arise from the change in disclosure of the
following items. There has not been any material change in the amounts. No changes have been applied between the reviewed and the
audited Statement of Comprehensive Income and Statement of Changes in Equity.
Note 1: The Deferred Tax Asset relating to certain subsidiaries, previously offset against the Deferred Tax Liability, has been reclassified
as a non-current asset.
Note 2: Eliminating the non-cash flow effects on the business combination and investment property purchases.
Note 3: Eliminating the non-cash flow effect of sale of subsidiary.
Note 4: Elimination of the bond acquired through the business combination.
This summarised report is extracted from audited information, but is not itself audited. The annual financial statements were audited by
RSM Betty & Dickson (Johannesburg), who expressed an unmodified opinion thereon. The audited annual financial statements and the
auditor’s report thereon are available for inspection at the Company’s registered office.
The directors take full responsibility for the preparation of the change statement and that financial information has been correctly
extracted from the underlying audited annual financial statements.
RESIGNATION OF CHAIRMAN
Mr. Patrick Burton has indicated that, due to personal circumstances, he will not be standing for re-election as a board member and as
chairman of the Company at the Annual General Meeting and as such will be standing down at the conclusion of the Annual General
Meeting. The directors, executive committee and staff of Freedom Property Fund Limited wish to thank Mr. Burton for his dedicated
leadership and invaluable contribution to the formation and listing of the Company.
The board is currently busy evaluating its position with regard to the appointment of a new chairman and have indicated their support
for the appointment of a current director who complies with the requirements of the Company Memorandum of Incorporation, the
Companies Act, act 71 of 2008, and the JSE Listing Requirements. A formal announcement in this regard will be made following the
Annual General Meeting.
NOTICE OF ANNUAL GENERAL MEETING
Notice is hereby given that the Annual General Meeting of shareholders of Freedom Property Fund Limited will be held on Friday, 28
August 2015, at 16:00 at the Bryanston Country Club, 63 Bryanston Drive, Bryanston to transact the business stated in the notice of
Annual General Meeting, which notice forms part of the Annual Integrated Report.
The date on which shareholders must be recorded in the share register of the Company for purposes of being entitled to attend and
vote at the Annual General Meeting is Friday, 21 August 2015, with the last day to trade being Friday, 14 August 2015.
29 July 2015
Johannesburg
Sponsor
PSG Capital Proprietary Limited
Date: 29/07/2015 05:08:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.
