LODESTONE REIT LIMITED - Submission of resolutions to Lodestone shareholders in terms of section 60 of the Companies Act, 2008 (the Act)

Submission of resolutions to Lodestone shareholders in terms of section 60 of the Companies Act, 2008 (“the Act”)

LODESTONE REIT LIMITED
(previously Lodestone Properties Limited)
(Incorporated in the Republic of South Africa)
Registration number: 2010/017830/06
JSE share code: LDO  ISIN: ZAE000197935
(Approved as a REIT by the JSE)
(“Lodestone” or “the company”)


SUBMISSION OF RESOLUTIONS TO LODESTONE SHAREHOLDERS IN TERMS OF SECTION 60 OF THE COMPANIES ACT, 2008 (“THE ACT”)


Shareholders are advised that the board of the company has resolved to submit to shareholders for consideration an ordinary
resolution approving the adoption of the Lodestone share purchase scheme, a special resolution approving the provision of financial
assistance in terms of section 44 of the Act for the purchase of shares issued or to be issued, a special resolution approving the
provision of financial assistance to directors, prescribed officers and related or inter-related companies in terms of section 45(3) of
the Act and an ordinary resolution authorising any director of the company or the company secretary to implement the resolutions
(collectively, “the resolutions”).

In terms of section 60(1) of the Act, a resolution that could be voted on at a shareholders’ meeting may instead be submitted for
consideration to the shareholders entitled to exercise voting rights in relation to the resolution, and be voted on in writing by
shareholders entitled to exercise voting rights in relation to the resolution, within 20 (twenty) business days after the resolution was
submitted to them.

Section 60(2) of the Act provides that a resolution contemplated in section 60(1) of the Act will have been adopted if it is supported
by persons entitled to exercise sufficient voting rights for it to have been adopted as an ordinary or a special resolution, as the case
may be, at a properly constituted shareholders’ meeting, and if adopted, such resolution will have the same effect as if it had been
approved by voting at a shareholders’ meeting.

A letter together with the proposed resolutions and a form of written consent will be distributed to shareholders on Wednesday,
18 November 2015. A copy of the letter, proposed resolutions and form of written consent and the Lodestone share purchase scheme
will be available for inspection at the physical address of the company (3rd Floor, Rivonia Village, Rivonia Boulevard, Rivonia,
2191) between 08:30 and 17:00 on business days from Wednesday, 18 November 2015 to Tuesday, 15 December 2015.

The directors have resolved that the record date for determining which shareholders are entitled to vote on the proposed ordinary
resolution in terms of the written consent is Friday, 13 November 2015.

18 November 2015


Sponsor
Java Capital

Date: 18/11/2015 05:00:00 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.