ATLANTIC LEAF PROPERTIES LIMITED - Special written resolution of shareholders in relation to the issue of additional Atlantic Leaf shares

Special written resolution of shareholders in relation to the issue of additional Atlantic Leaf shares

Atlantic Leaf Properties Limited
(Incorporated in the Republic of Mauritius on 11 November 2013)
(Registration number 119492 C1/GBL)
SEM share code: ALPL.N0000
JSE share code: ALP
ISIN: MU0422N00009
(“Atlantic Leaf” or the “Company”)



SPECIAL WRITTEN RESOLUTION OF SHAREHOLDERS IN RELATION TO THE ISSUE OF ADDITIONAL
ATLANTIC LEAF SHARES



Further to the announcement released on the website of the Stock Exchange of Mauritius Ltd (“SEM”) and the Stock Exchange
News Service (“SENS”) of the JSE Limited (“JSE”) on Friday, 22 January 2016, wherein Atlantic Leaf announced that:

    -    it had received the approval of the Listing Executive Committee of the SEM to issue an additional 65 594 555 ordinary
         shares (the “Additional Shares”) of the Company; and

    -    the Company required shareholder approval prior to issuing and allotting all or a portion of the Additional Shares,

the directors of Atlantic Leaf are pleased to announce that the Company has obtained the requisite approval of the shareholders of
the Company through a special written resolution passed by shareholders holding at least 75% of the issued shares of the
Company (the “New Authority”).

PREVIOUS AUTHORITY TO ISSUE NEW ORDINARY SHARES
Prior to this announcement the Company had received authority from the Listing Executive Committee of the SEM (obtained on
26 May 2015) and from the shareholders of the Company (obtained on 12 June 2015) to issue and list up to 100 000 000 ordinary
shares by way of private placement (the “Existing Authority”). Under the Existing Authority, 46 594 555 ordinary shares have
already been issued, resulting in the Company having remaining authority to issue a further 53 405 445 ordinary shares (in terms
of the Existing Authority).

COMBINED AUTHORITY TO ISSUE NEW ORDINARY SHARES
Atlantic Leaf has now obtained, in terms of the New Authority and the Existing Authority, the requisite approvals required in
terms of the SEM Listing Rules and the Company’s Constitution to issue and allot up to 120 000 000 new ordinary shares.

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

Atlantic Leaf has its primary listing on the SEM and a secondary listing on the AltX of the JSE.

By order of the Board.

For further information please contact:

JSE sponsor
Java Capital                                                         +27 11 722 3050
South African corporate advisor
Leaf Capital                                                         +27 21 657 1180
Corporate secretary
Intercontinental Trust Limited                                       +230 403 0800

4 February 2016

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