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ROCKCASTLE GLOBAL REAL EST CO LIMITED - New Europe Pro \ Rockcastle Global - Renewal of cautionary announcement

Release Date: 02/12/2016 11:49
Code(s): ROC NEP     PDF:  
Wrap Text
New Europe Pro \ Rockcastle Global  - Renewal of cautionary announcement

NEW EUROPE PROPERTY INVESTMENTS PLC                                         ROCKCASTLE GLOBAL REAL ESTATE COMPANY LIMITED
Incorporated and registered in the Isle of Man with registered              Incorporated in the Republic of Mauritius             
number 001211V                                                              Registration number: 108869 C1/GBL
Registered as an external company with limited liability under              JSE share code: ROC
the laws of South Africa, registration number 2009/000025/10                SEM share code: ROCK.N0000         
JSE share code: NEP BVB share code: NEP                                     ISIN: MU0364N00003
ISIN: IM00B23XCH02                                                          (“Rockcastle”)

(“NEPI”)                                                    


RENEWAL OF CAUTIONARY ANNOUNCEMENT


Shareholders are referred to the joint cautionary announcement released by NEPI and Rockcastle on 20 October 2016, wherein
shareholders were advised that the companies have entered into negotiations.

As detailed in each company’s results for the period ended 30 September 2016, discussions between NEPI and Rockcastle have
progressed to a co-operative evaluation of an all-share transaction, with each party’s relative value to be expressed in a share-swap
ratio, subject to all required shareholder and regulatory approvals. Various legal, regulatory and tax aspects are being analysed in
several jurisdictions.

A transaction between Rockcastle and NEPI would result in a substantially enlarged market capitalisation, with all shareholders
expected to benefit from enhanced liquidity. A transaction will also see the integration of two complementary management teams,
positioned to unlock strategic synergies and create further value for both NEPI and Rockcastle shareholders.

Shareholders will be kept updated on progress towards finalisation of the details of a transaction. Pending further announcements,
both NEPI and Rockcastle shareholders are advised to continue to exercise caution when dealing in their shares.

NEPI has its primary listings on the Johannesburg Stock Exchange and the Bucharest Stock Exchange. Rockcastle has its primary
listings on the Johannesburg Stock Exchange and the Stock Exchange of Mauritius Ltd.

If you are a NEPI shareholder, for further information please contact:

Corporate advisor and JSE sponsor
Java Capital
Andrew Brooking                                                                +27 11 722 3052

Romanian advisor
SSIF Intercapital Invest SA
Razvan Pasol                                                                   +40 21 222 8731

If you are a Rockcastle shareholder, for further information please contact:

Corporate advisor and JSE sponsor
Java Capital
Andrew Brooking                                                                +27 11 722 3052

SEM authorised representative and sponsor
Perigeum Capital Ltd                                                           +230 402 0890
Kesaven Moothoosamy

2 December 2016

This notice is issued pursuant to the JSE Listings Requirements, the SEM Listing Rule 11.3, the Mauritian Securities Act 2005
and the Listing Rules of the Bucharest Stock Exchange.

The boards of directors of New Europe Property Investments PLC and Rockcastle Global Real Estate Company Limited accept
full responsibility for the accuracy of the information contained in this announcement.

Date: 02/12/2016 11:49:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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