Partial Withdrawal of Cautionary Announcement, Financial Effect and Renewal of Cautionary Announcement BONATLA PROPERTY HOLDINGS LIMITED (Registration number 1996/014533/06) Share code: BNT ISIN: ZAE000013694 ("Bonatla" or "the Company") PARTIAL WITHDRAWAL OF CAUTIONARY ANNOUNCEMENT, FINANCIAL EFFECTS AND RENEWAL OF CAUTIONARY ANNOUNCEMENT Shareholders are referred to the previous cautionary announcements, the last of which was dated 19 May 2016, and are advised of the following additional financial information. 1. Financial information 1.1 Disposal of Bishop’s Court Properties Proprietary Limited (“Bishop’s Court Properties”) Shareholders are referred to the original announcement dated 17 May 2013 advising shareholders of the disposal of the shares and loan accounts in Bishop’s Court Properties. The following financial information is now announced: 1.1.1 Impact on statement of financial position Investment property decreased by R22.5 million; long term borrowings decreased by R4.7 million and cash and cash equivalents increased by R18 million. 1.1.2 Impact on statement of comprehensive and other income Net income of R65 000 for the year ended 31 December 2012 is no longer earned by the Company. There was a gain on disposal of R4.5 million. 1.2 Disposal of Austin Crossing Properties Proprietary Limited (“Austin Crossing Properties”) Shareholders are referred to the original announcement dated 17 May 2013 advising shareholders of the disposal of the shares and loan accounts in Austin Crossing Properties. The following financial information is now announced. 1.2.1 Impact in the statement of financial position Investment property decreased by R5 million; short term borrowings decreased by R2.5 million and cash and cash equivalents increased by R5.8 million. 1.2.2 Impact on statement of comprehensive and other income Net income of R126 438 for the year ended 31 December 2012 is no longer earned by the Company. There was a gain on disposal of R800 000. 1.3 Disposal of Chambers Ground Floor Properties Proprietary Limited (“Chambers Ground Floor Properties”) Shareholders are referred to the original announcement dated 21 February 2014 advising shareholders of the disposal of the shares and loan accounts in Chambers Ground Floor Properties. The following financial information is now announced. 1.3.1 Impact in the statement of financial position Investment property decreased by R8.5 million; long term borrowings decreased by R1.9 million and cash and cash equivalents increased by R3.7 million. 1.3.2 Impact on statement of comprehensive and other income Net loss of R16 472 for the year ended 31 December 2013 is no longer incurred by the Company. There was a gain on disposal of R4.8 million. 1.4 Disposal of Tropical Paradise 320 Proprietary Limited (“Tropical 320”) Shareholders are referred to the original announcement dated 21 February 2014 advising shareholders of the disposal of the shares and loan accounts in Tropical 320. The following financial information is now announced. 1.4.1 Impact in the statement of financial position Investment property decreased by R13 million; long term borrowings decreased by R6.3 million and cash and cash equivalents increased by R10.7 million. 1.4.2 Impact on statement of comprehensive and other income Net income of R106 755 for the year ended 31 December 2013 is no longer earned by the Company. There was a gain on disposal of R2.3 million. 1.5 Disposal of Tropical Paradise 334 Proprietary Limited (“Tropical 334”) Shareholders are referred to the original announcement dated 21 February 2014 advising shareholders of the disposal of the shares and loan accounts in Tropical 334. The following financial information is now announced. 1.5.1 Impact in the statement of financial position Investment property decreased by R50 million; long term borrowings decreased by R10.4 million and cash and cash equivalents increased by R42 million. 1.5.2 Impact on statement of comprehensive and other income Net loss of R105 508 for the year ended 31 December 2013 is no longer incurred by the Company. There was a loss on disposal of R8 million. 2. Partial withdrawal of cautionary announcement and documentation Shareholders are referred to financial information in 1.1 to 1.5 above and are advised that the cautionary announcement is withdrawn in respect of the disposal of the shares and loan accounts in Bishop’s Court Properties, Austin Crossing Properties, Chambers Ground Floor Properties, Tropical 320 and Tropical 334. In accordance with the JSE Listings Requirements, a circular is to be issued within 60 days of publication of a terms announcement. However, due to the complex nature of the circular to shareholders that is required to regularise transactions from 2009 to date, the Company may have to apply to the JSE for an extension of time to be able to finalise the requisite circular to shareholders. A circular convening a general meeting and providing further detail of the disposals will be sent to the Company’s Shareholders in due course. 3. Financial information still to be announced - acquisition of an increased shareholding in CPTech from related parties announced on 17 May 2013; - share Swap Agreement for Kimberley Diamond and Jewellery Hub announced on 22 September 2014; and - share Swap Agreement for Lincoln Meade Park announced on 22 September 2014. 4. On-going discussions and negotiations - acquisition of Ruitersvlei; - a potential joint venture transaction with CPTech Proprietary Limited in Southern Africa and Mozambique; - negotiations for the acquisition of rental properties in Belize and Mozambique; and - negotiations on various other income-producing property portfolios. 5. Renewal of cautionary announcement Shareholders are referred to the previous cautionary announcement, the last of which was dated 29 May 2016, and are advised that certain negotiations referred to therein are still in progress, or financial information is still required to be announced. The JSE requires that the Company needs to address its current compliance with paragraph 4.28 of the JSE Listings RequirementsDue to on-going negotiations this assessment has still not been finalised but will be provided to the JSE in due course. In the interim, the Company has commenced with the preparation of a circular to shareholders which will include the details of all previously announced transactions and new transactions, which will address the compliance with paragraph 4.28 of the JSE Listings Requirements. Shareholders are advised to continue to exercise caution in dealing in their Company’s securities until an announcement detailing the financial information on the above transactions is made and until further announcements are made regarding the on-going discussions and/or negotiations detailed above. By order of the board 30 June 2016 SPONSOR Arbor Capital Sponsors Proprietary Limited Date: 30/06/2016 05:04:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 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