ASCENSION PROPERTIES LIMITED - Dealings in securities by directors of the company

Dealings in securities by directors of the company

ASCENSION PROPERTIES LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 2006/026141/06)
JSE share codes: AIA  ISIN: ZAE000204566
                 AIB  ISIN: ZAE000204574
(Approved as a REIT by the JSE)
(“Ascension” or “the company”)



DEALINGS IN SECURITIES BY DIRECTORS OF THE COMPANY


Shareholders are advised of the following information relating to the dealings in securities by directors of the company
pursuant to an offer was made by Rebosis Property Fund Limited (“Rebosis”) to acquire the entire issued B share
capital of Ascension that Rebosis does not already own in exchange for 23.549 new Rebosis ordinary shares for every
100 Ascension B shares held (the “scheme consideration”) by way of a scheme of arrangement entered into between
the company and its B shareholders (the “B scheme”).

Name of director:                                           Haroon Takolia
Transaction date:                                           17 August 2015
Class of securities:                                        B shares
Number of securities:                                       3 000 000
Price per security:                                         R3.035 (being the implied price based on the ratio of
                                                            23.549 Rebosis ordinary shares for every 100 Ascension
                                                            B shares held in terms of the scheme consideration)
Total value:                                                R9 106 398.30
Nature of transaction:                                      Off-market disposal of Ascension B shares under the B
                                                            scheme
Nature and extent of director’s interest:                   Direct beneficial
Clearance to deal received:                                 The Ascension B shares were disposed of in terms of the
                                                            B scheme

Name of director:                                           Mervyn Burton
Transaction date:                                           17 August 2015
Class of securities:                                        B shares
Number of securities:                                       55 440
Price per security:                                         R3.035 (being the implied price based on the ratio of
                                                            23.549 Rebosis ordinary shares for every 100 Ascension
                                                            B shares held in terms of the scheme consideration)
Total value:                                                R168 291.84
Nature of transaction:                                      Off-market disposal of Ascension B shares under the B
                                                            scheme
Nature and extent of director’s interest:                   Direct beneficial
Clearance to deal received:                                 The Ascension B shares were disposed of in terms of the
                                                            B scheme


18 August 2015


Sponsor
Java Capital

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