BONATLA PROPERTY HOLDINGS LIMITED - Renewal of Cautionary Announcement

Renewal of Cautionary Announcement

BONATLA PROPERTY HOLDINGS LIMITED
(Registration number 1996/014533/06)
Share code: BNT ISIN: ZAE000013694
(”Bonatla” or “the Company”)

RENEWAL OF CAUTIONARY ANNOUNCEMENT


1. Introduction

  Shareholders are referred to the previous cautionary announcements, the last of
  which was dated 12 August 2016, and are advised that certain negotiations
  referred to therein are still in progress or financial information is required to be
  announced.

  The JSE requires that the Company needs to address its current compliance with
  paragraph 4.28 of the JSE Listings Requirements. Due 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 the
  circular to shareholders which will include details of all previously announced
  transactions and new transactions, which will address compliance with
  paragraph 4.28 of the JSE Listings Requirements.

2. Financial information still to be announced

   - 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.

3. On-going discussions and negotiations

   -  Acquisition of a portion 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.

4. Renewal of Cautionary Announcement

  Shareholders are advised to continue exercising caution in dealing in the Company’s securities until an 
  announcement is made detailing the financial information on the above transactions and until further 
  announcements are made regarding the on-going discussions and/or negotiations detailed above.


By order of the board
23 September 2016

SPONSOR
Arbor Capital Sponsors Proprietary Limited

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