BALWIN PROPERTIES LIMITED - Update in respect of posting of Waterfall Development Rights Transaction Circular

Update in respect of posting of Waterfall Development Rights Transaction Circular

BALWIN PROPERTIES LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 2003/028851/06)
Share code: BWN
ISIN: ZAE000209532
("Balwin" or "the Company")


UPDATE IN RESPECT OF POSTING OF WATERFALL DEVELOPMENT RIGHTS TRANSACTION CIRCULAR


Shareholders are referred to the announcement released by Balwin on the Stock Exchange News Service
on 6 April 2016 (the “Announcement”) regarding the conclusion by Balwin of a formal acquisition agreement
for the acquisition of development rights in Johannesburg’s Kyalami / Waterfall node (the “Proposed
Acquisition”).

Shareholders are advised that the circular setting out, inter alia, the terms of the Proposed Acquisition and
a notice of general meeting to convene a meeting of Balwin shareholders will be posted by no later than 30
June 2016 as approved by the Johannesburg Stock Exchange.

Johannesburg
01 June 2016

Sponsor
Investec Bank Limited

Date: 01/06/2016 11:15:00 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.