ASCENSION PROPERTIES LIMITED - Further cautionary in respect of the relisting of the Ascension B shares and cautionary in respect of acquisition

Further cautionary in respect of the relisting of the Ascension B shares and cautionary in respect of acquisition

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


FURTHER CAUTIONARY ANNOUNCEMENT IN RESPECT OF THE RELISTING OF THE ASCENSION B SHARES AND CAUTIONARY ANNOUNCEMENT IN RESPECT 
OF ACQUISITION


Further to the cautionary announcements released on SENS on 6 August 2015, 18 September 2015, 3 November 2015,
15 December 2015 and 29 January 2016, Ascension A shareholders are advised that the company remains in discussions
with the JSE regarding the continued listing of the Ascension A shares and the Ascension B shares in the Diversified
REITs sector of the JSE. As announced on SENS on 8 December 2015, it is intended, over time, to achieve a sufficient
shareholder spread in Ascension’s B shares in order to re-list the B shares and that Ascension’s A and B shares continue 
to be listed in the Diversified REITs sector of the JSE.

Shareholders are advised that Ascension is in the advanced stages of negotiation with Mutodo Properties Proprietary
Limited to acquire a property letting enterprise (together with the property situated at 66 Jorissen Street, Johannesburg),
which acquisition, should same be agreed, may have a material effect on the price of the company’s securities. The
acquisition also is intended to facilitate Ascension achieving sufficient shareholder spread in Ascension’s B shares in order
to relist the Ascension B shares.

The acquisition will constitute a category 2 transaction for the purposes of the JSE Listings Requirements. Upon binding
transaction agreements being executed a full announcement regarding the acquisition will be made.

Ascension A shareholders are advised to continue to exercise caution when dealing in the company’s securities until a
further announcement in this regard is made.

17 February 2016


Sponsor
Java Capital

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