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Dealings in securities by directors of Lodestone and their associates and the company secretary
LODESTONE REIT LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 2010/017830/06)
JSE share code: LDO ISIN: ZAE000197935
(Approved as a REIT by the JSE)
(“Lodestone”)
DEALINGS IN SECURITIES BY DIRECTORS OF LODESTONE AND THEIR ASSOCIATES AND THE COMPANY SECRETARY
Lodestone shareholders are referred to the announcements released on SENS relating to the general offer by Fortress Income Fund
Limited (“Fortress”) to acquire all Lodestone shares in issue in exchange for one Fortress A ordinary share and one Fortress B
ordinary share for every 6.66667 Lodestone shares held (the “general offer”), the last of which was released on SENS by Fortress
on 18 November 2016.
Shareholders are advised of information set out below relating to dealings in securities by directors, associates of directors and the
company secretary of Lodestone in respect of the general offer.
Transaction date: 18 November 2016
Class of securities: Ordinary shares
Price per security: R6.51 (based on the closing price of R6.51 per Lodestone share on
20 July 2016, the date prior to the release of the Lodestone cautionary
announcement)
Nature of transaction: Disposal of Lodestone shares pursuant to acceptance of the general offer.
Each of the directors of Lodestone and associates of directors and the
company secretary of Lodestone set out below provided an irrevocable
undertaking to Fortress to accept the general offer on 19 September 2016.
Name of associate: Twenty Eight Twelve Investments CC
Name of director and relationship to director: Jason Cooper, who is the sole member of Twenty Eight Twelve Investment
Properties CC
Number of securities: 15 631 560
Total value: R101 761 455.60
Nature and extent of director’s interest: Indirect beneficial
Name of director: Inge Pick
Number of securities: 2 057 000
Total value: R13 391 070.00
Nature and extent of director’s interest: Direct beneficial
Clearance to deal received: Yes
Name of associate: Danica Pick
Name of director: Inge Pick
Relationship to director: Daughter
Number of securities: 1 600
Total value: R10 416.00
Nature and extent of director’s interest: Indirect beneficial
Name of associate: Kallen Pick
Name of director: Inge Pick
Relationship to director: Son
Number of securities: 1 600
Total value: R10 416.00
Nature and extent of director’s interest: Indirect beneficial
Name of associate: Redspiced Investments Proprietary Limited
Name of director and relationship to director: Gidon Trope, who is a trustee and beneficiary of GT Trust, which owns 100%
of Redspiced Investments Proprietary Limited
Number of securities: 13 757 568
Total value: R89 561 767.68
Nature and extent of directors’ interest: Indirect beneficial
Name of associate: Spear Edge Investments Proprietary Limited
Name of director and relationship to director: Herman Zolty, who is a trustee and beneficiary of HAZ Trust, which owns
100% of Spear Edge Investments Proprietary Limited
Number of securities: 13 504 787
Total value: R87 916 163.37
Nature and extent of director’s interest: Indirect beneficial
Name of associate: Elderberry Investments 115 Proprietary Limited
Name of director and relationship to director: Jacques van Wyk, who is the sole shareholder of Elderberry Investments 115
Proprietary Limited
Number of securities: 5 481 650
Total value: R35 685 541.50
Nature and extent of director’s interest: Indirect beneficial
Name of associate: Copper Lake Investments 26 CC
Name of director and relationship to director: Michael McNamara, who is a 50% member of Copper Lake Investments 26
CC
Number of securities: 42 652
Total value: R277 664.52
Nature and extent of director’s interest: Indirect beneficial
Name of director: Craig Hallowes
Number of securities: 439 000
Total value: R2 857 890.00
Nature and extent of director’s interest: Direct beneficial
Clearance to deal received: Yes
Name of associate: Lucien Hallowes
Name of director: Craig Hallowes
Relationship to director: Son
Number of securities: 11 400
Total value: R74 214.00
Nature and extent of director’s interest: Indirect beneficial
Name of associate: Marcel Hallowes
Name of director: Craig Hallowes
Relationship to director: Son
Number of securities: 11 400
Total value: R74 214.00
Nature and extent of director’s interest: Indirect beneficial
Name of associate: Ronin Hallowes
Name of director: Craig Hallowes
Relationship to director: Son
Number of securities: 11 400
Total value: R74 214.00
Nature and extent of director’s interest: Indirect beneficial
Name of associate: Antediluvian Investments Proprietary Limited
Name of director and relationship to director: Craig Hallowes, who is a trustee and beneficiary of The Brabazon Trust
which owns 100% of Antediluvian Investments Proprietary Limited
Number of securities: 4 704 150
Total value: R30 624 016.50
Nature and extent of directors’ interest: Indirect beneficial
Name of director: Ndhlabole Shongwe
Number of securities: 23 200
Total value: R151 032.00
Nature and extent of director’s interest: Direct beneficial
Clearance to deal received: Yes
Name of company secretary: Leonie Gindan
Number of securities: 250 000
Total value: R1 627 500.00
Nature and extent of director’s interest: Direct beneficial
Clearance to deal received: Yes
23 November 2016
Designated advisor
Java Capital
Date: 23/11/2016 04:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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