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ROCKCASTLE GLOBAL REAL EST CO LIMITED - Further Cautionary Announcement And Update On Acquisitions And Developments

Release Date: 27/06/2016 07:24
Code(s): ROC     PDF:  
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Further Cautionary Announcement And Update On Acquisitions And Developments

Rockcastle Global Real Estate Company Limited
(Incorporated in the Republic of Mauritius)
(Registration number 108869 C1/GBL)
JSE share code: ROC
SEM share code: ROCK.N0000
ISIN: MU0364N00003
(“Rockcastle” or “the Company”)


FURTHER CAUTIONARY ANNOUNCEMENT AND UPDATE ON ACQUISITIONS AND DEVELOPMENTS


Shareholders are referred to the Company’s cautionary announcement released on the website of the Stock Exchange of Mauritius
Ltd (“SEM”) and SENS on 26 May 2016 and are advised that Rockcastle continues to progress its negotiations to acquire
potentially material retail properties. Accordingly, shareholders should continue to exercise caution in their dealing in Rockcastle
securities.

Shareholders are informed that Rockcastle has concluded two acquisitions that are not categorisable transactions in terms of the
JSE Listings Requirements and which have been undertaken in the ordinary course of the business of Rockcastle, which therefore
do not fall under the scope of Chapter 13 of the SEM Listing Rules. Accordingly, this update is for information purposes only.

FORUM LIBEREC SHOPPING CENTRE (CZECH REPUBLIC)

On 24 June 2016, Rockcastle concluded an agreement with Tesco Holdings B.V. and Tesco Stores a.s. to acquire the Forum
Liberec shopping centre, situated in the Czech Republic. The shopping centre, with a GLA of 46 816m2, opened for trading in
February 2009.

Liberec is one of the largest cities in the Czech Republic and is situated in the northern part of the country. It has a population of
over 100 000 and is the centre of the Liberec region which has approximately 440 000 inhabitants. Liberec benefits from well-
developed infrastructure and is a popular tourist destination.

With an annual footfall of over 12 million, Forum Liberec has the highest footfall in the region. It is located in the city centre with
excellent public transport connectivity.

The shopping centre is tenanted by strong retailers including: Tesco, Cinema City, C&A, Datart, Gant, H&M, Lindex, New
Yorker, Nord Blanc, Norma, ProBest, Reserved, Sportissimo and Tiger. Management believes that the tenant profile can be
further strengthened which will enhance the mall’s dominance and enable it to grow its income into the future.

The aggregate purchase price of approximately EUR80 million is subject to a closing balance reconciliation on the effective date
and will be settled from Rockcastle’s existing cash resources.

PLATAN SHOPPING CENTRE (POLAND)

On 1 June 2016, Rockcastle concluded a transaction to purchase the retail park adjoining its Platan Shopping Centre in Zabrze,
Poland (“Platan”). This acquisition will enable Rockcastle to extend Platan’s GLA from 25 336m2 to approximately 40 000m2 in
order to meet tenant demand. The extensions are subject to permitting and planning approvals.


Rockcastle has its primary listings on both the SEM and the JSE.

By order of the Board

For further information please contact:

Intercontinental Trust Limited
Company secretary                                            +230 403 0800

Java Capital
JSE sponsor                                                  +27 11 722 3050

27 June 2016

This notice is issued pursuant to the JSE Listings Requirements and SEM Listing Rule 11.3 and Rule 5(1) of the Securities
(Disclosure Obligations of Reporting Issuers) Rules 2007.
The Board of Directors of Rockcastle Global Real Estate Company Limited accepts full responsibility for the accuracy of the
information contained in this announcement.

Date: 27/06/2016 07:24:00 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.

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