DELTA PROPERTY FUND LIMITED - Provision of financial assistance

Release Date: 11/08/2015 17:50
Code(s): DLT
 
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Provision of financial assistance

Delta Property Fund Limited
(Incorporated in the Republic of South Africa)
(Registration number 2002/005129/06)
Share code: DLT ISIN: ZAE000172052
("Delta" or “the Company”)
REIT status approved


Provision of financial assistance

Delta shareholders are referred to Special Resolution Number 3 relating to the provision of direct or
indirect financial assistance in terms of Section 45 of the Companies Act, No 71 of 2008 (“the
Companies Act”) to related or inter-related companies, which was approved at the annual general
meeting of Delta on 2 October 2014.

Further to the above, Delta shareholders are notified in terms of Section 45(5)(a) of the Companies
Act, that the board of directors of the Company (“the board”) passed a resolution on 24 July 2015
(“the board resolution”) granting financial assistance, effective 28 July 2015, to one of its wholly
owned subsidiaries in the amount of R125,000,000 (“the financial assistance”) in order for the
subsidiary to acquire a property.

The financial assistance provided, as detailed above, is greater than one-tenth of 1% of Delta’s net
worth as at the date of the board resolution.

The board further confirms that immediately after providing the financial assistance, the Company
continues to satisfy the solvency and liquidity test as contemplated in Section 4 of the Companies
Act and that the terms and conditions of the financial assistance are fair and reasonable to the
Company.


Johannesburg
11 August 2015

Sponsor
Nedbank CIB

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