ASCENSION PROPERTIES LIMITED - Further cautionary announcements in respect of the relisting of the Ascension B shares and the proposed acquisition

Further cautionary announcements in respect of the relisting of the Ascension B shares and the proposed acquisition

ASCENSION PROPERTIES LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 2006/026141/06)
JSE share code: AIA    ISIN: ZAE000204566
(Approved as a REIT by the JSE)
(“Ascension” or “the company”)


FURTHER CAUTIONARY ANNOUNCEMENTS IN RESPECT OF THE RELISTING OF THE ASCENSION B SHARES AND IN RESPECT OF THE PROPOSED 
ACQUISITION


Shareholders are referred to the cautionary announcements released on SENS in respect of the proposed relisting of the
Ascension B shares and the proposed acquisition, the last of which was released on SENS on 21 December 2016 as well
as the joint firm intention announcement released on SENS on 27 October 2016, advising shareholders of Rebosis
Property Fund Limited’s (“Rebosis”) firm intention to acquire all of the Ascension A ordinary shares it does not already
own in exchange for Rebosis A ordinary shares, by scheme of arrangement (the “A share scheme”).

The A share scheme will be subject to certain suspensive conditions. Should the suspensive conditions to the A share
scheme be fulfilled and the A share scheme implemented, the Ascension A shares will be delisted and Ascension will
accordingly not proceed with the relisting of the Ascension B shares. However, in the event that the A share scheme is
not implemented, Ascension intends to proceed with the relisting of the Ascension B shares.

Ascension remains in the advanced stages of negotiation with Mutodo Properties Proprietary Limited to acquire a
property letting enterprise (together with the property situated at 66 Jorrisen Street, Johannesburg), which acquisition,
should same be agreed, may have a material effect on the price of the company’s securities.

The acquisition will constitute a category 2 transaction for the purposes of the JSE Listings Requirements. Upon binding
transaction agreements being executed a full announcement regarding the acquisition will be made.

Ascension A shareholders are advised to continue to exercise caution when dealing in the company’s securities until a
further announcement in this regard is made.

9 February 2017


Sponsor
Java Capital

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