DELTA AFRICA PROPERTY HOLDINGS LIMITED - Approval For Further Issue And Listing Of Up To 45,094,803 Shares In Delta Africa Property Holdings Limited

Approval For Further Issue And Listing Of Up To 45,094,803 Shares In Delta Africa Property Holdings Limited

 DELTA AFRICA PROPERTY HOLDINGS LIMITED
 (Registered by continuation in the Republic of Mauritius)
 (Registration number 128881 C1/GBL)
 JSE share code: DLA
 SEM share code: DEL.N0000
 ISIN: MU0473N00010
 (“Delta Africa” or the “Company”)

APPROVAL FOR FURTHER ISSUE AND LISTING OF UP TO 45,094,803 SHARES IN DELTA AFRICA PROPERTY
HOLDINGS LIMITED

The Board of Directors of Delta Africa which holds a primary listing on the Stock Exchange of Mauritius Ltd (the
“SEM”) and on the Main Board of the JSE Limited, is pleased to announce that the Listing Executive Committee of
the SEM has, on 10th December 2015, approved the further issue and listing of the following shares:

    -   7,365,645 additional ordinary shares at a price not less than net asset value per share of Delta Africa;
    -   20,329,158 additional ordinary shares at US$1.70 per share, subject to shareholder approval; and
    -   17,400,000 additional ordinary at a price not less than net asset value per share of Delta Africa, subject to
        shareholder approval.


In line with the Company’s strategy of investing in African real estate assets (excluding assets situated in South
Africa), the additional capital to be raised through this issue of additional ordinary shares will be utilised by the
Company to reduce existing liabilities relating to the acquisition of previous real estate assets and to fund the
following acquisitions:

    -   Kabufu Mall in Ndola, Zambia as announced to shareholders on 20th October 2015 on SENS and on the SEM
        website;
    -   Mukuba Mall in Kitwe, Zambia as announced to shareholders on 20th October 2015 on SENS and on the SEM
        website; and
    -   Barclays House in Ebene, Mauritius as announced to shareholders on 9th November 2015 on SENS and on the
        SEM website.

In addition to the announced Acquisitions, the Company is in the process of concluding two additional properties
that will be acquired by Delta Africa on or about 31st January 2016.

For a full appreciation of the Company, the Supplement to the Listing Particulars relating to this further issue and the
Listing Particulars of the Company, should be read in their entirety.

As required by the Listing Rules of the SEM, copies of the Supplements to the Listing Particulars issued to date and the
Listing Particulars of the Company, will be made available for inspection for at least 10 business days during normal
office hours (from 9 a.m. to 5 p.m. Mauritian time) at the registered office of the Company which is situated at Level
5, Alexander House, 35 Cybercity, Ebene 72201, Mauritius as from 10th December 2015.

This announcement is not an invitation to the public to subscribe for shares in the Company and is provided for
information purposes only.

By order of the Board
For further information please contact:

 Intercontinental Fund Services Limited
 Company secretary                                       +230 466 3999
 PSG Capital (Pty) Ltd
 JSE sponsor                                             +27 21 887 9602

10th December 2015
Directors: Sandile Nomvete (chairman), Greg Pearson*, Bronwyn Anne Corbett*, Peter Todd (lead independent), Maheshwar
Doorgakant, Chandra Kumar Gujadhur, Ian Macleod and Leon van de Moortele*
(*executive director)
Company Secretary: Intercontinental Fund Services Limited
Registered address: Level 5, Alexander House, 35 Cybercity, Ebene, 72201, Mauritius
Transfer secretary in South Africa: Computershare Investor Services (Pty) Ltd
Registrar and Transfer Agent (Mauritius): Intercontinental Secretarial Services Ltd
Corporate advisor and JSE Sponsor: PSG Capital (Pty) Ltd
SEM sponsor: Capital Markets Brokers Ltd

This notice is issued pursuant to SEM Listing Rule 11.3 and 11.29. The Board of Directors of Delta Africa Property Holdings Limited
accepts full responsibility for the accuracy of the information contained in this communiqué.

Date: 10/12/2015 02:32:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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