ARROWHEAD PROPERTIES LIMITED - Submission Of A Resolution To Arrowhead Shareholders In Terms Of Section 60 Of The Companies Act, 2008 (The Act)

Submission Of A Resolution To Arrowhead Shareholders In Terms Of Section 60 Of The Companies Act, 2008 (“The Act”)

ARROWHEAD PROPERTIES LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 2011/000308/06)
JSE share code: AWA ISIN: ZAE000203105
(Approved as a REIT by the JSE)
(“Arrowhead” or “the company”)


SUBMISSION OF A RESOLUTION TO ARROWHEAD SHAREHOLDERS IN TERMS OF SECTION 60 OF THE COMPANIES ACT, 2008 (“THE ACT”)


Shareholders are advised that the directors of the company have resolved to submit to shareholders for
consideration an ordinary resolution placing 102 589 379 of the authorised but unissued shares of the company,
being 10% of the issued share capital of the company as at the date of the notice of the proposed resolution,
under the control of the directors of the company with the authority to allot and issue and otherwise dispose of
all or part thereof in their discretion.

In terms of section 60(1) of the Act, a resolution that could be voted on at a shareholders’ meeting may instead
be submitted for consideration to the shareholders entitled to exercise voting rights in relation to the resolution,
and be voted on in writing by shareholders entitled to exercise voting rights in relation to the resolution, within
20 (twenty) business days after the resolution was submitted to them.

Section 60(2) of the Act provides that a resolution contemplated in section 60(1) of the Act will have been
adopted if it is supported by persons entitled to exercise sufficient voting rights for it to have been adopted as an
ordinary or a special resolution, as the case may be, at a properly constituted shareholders’ meeting, and if
adopted, such resolution will have the same effect as if it had been approved by voting at a shareholders’
meeting.

A notice, together with the proposed ordinary resolution and a form of written consent, was distributed to
shareholders on Friday, 8 July 2016. A copy of the notice, proposed ordinary resolution and form of written
consent is available on Arrowhead’s website www.arrowheadproperties.co.za.

The record date for determining which shareholders are entitled to vote on the proposed ordinary resolution in
terms of the written consent was Friday, 1 July 2016.

8 July 2016


Sponsor
Java Capital

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