REBOSIS PROPERTY FUND LIMITED - TRP121: Notification of an acquisition of beneficial interest in securities and reinvestment by Billion

TRP121: Notification of an acquisition of beneficial interest in securities and reinvestment by Billion

REBOSIS PROPERTY FUND LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 2010/003468/06)
JSE share code: REB     ISIN: ZAE000201687
JSE share code: REBN ISIN: ZAE000230637
(Approved as a REIT by the JSE)
(“Rebosis” or “the company”)


TRP121: NOTIFICATION OF AN ACQUISITION OF BENEFICIAL INTEREST IN SECURITIES AND REINVESTMENT BY BILLION


In compliance with section 122(3)(b) of the Companies Act 71 of 2008 (“the Companies Act”) and Regulation 121(2)(b) of the
Companies Act Regulations 2011 and paragraph 3.83(b) of the JSE Listings Requirements, shareholders are advised that Rebosis
has received notification from Amatolo Family Trust (“Amatolo”), the 100% shareholder in Billion Group (Proprietary) Limited
(“Billion”) of the acquisition by Billion of Rebosis shares pursuant to its underwriting commitments in terms of the claw-back
offer, such that Amatolo (including shares held by Billion) now has an effective beneficial interest of 5.11% in Rebosis’ total
issued shares.

As set out in the category 1 related party circular issued to shareholders on 2 September 2016, Rebosis has required that Billion
reinvest a portion of the cash proceeds received pursuant to the claw-back offer to subscribe for further shares in Rebosis,
("Billion reinvestment"). The Billion reinvestment is expected to take place in the first quarter of 2017. Further details relating to
the Billion reinvestment will be announced in due course.

22 December 2016

Corporate advisor and sponsor
Java Capital

Legal advisor
Cliffe Dekker Hofmeyr

Corporate advisor and investment bank
Nedbank

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