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TEXTON PROPERTY FUND LIMITED - Erratum to The Manco Internalisation Circular

Release Date: 29/08/2017 11:03
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Erratum to The Manco Internalisation Circular

TEXTON PROPERTY FUND LIMITED
Granted REIT status by the JSE
(Incorporated in the Republic of South Africa)
Registration number: 2005/019302/06
JSE code: TEX
ISIN: ZAE000190542
(“Texton” or “the Company”)



ERRATUM TO THE MANCO INTERNALISATION CIRCULAR


1. Introduction

    The shareholders of Texton (“Shareholders”) are referred to the circular published on Friday, 18
    August 2017 regarding the internalisation of Texton’s management company (“Manco
    Internalisation Circular”). The Shareholders are advised that the schedule of directors’ interests
    in Texton shares (“Schedule of Directors’ Interests”) under paragraph 9.1 of the Manco
    Internalisation Circular was incorrect.

2. Amended Schedule of Directors’ Interests

    The Schedule of Directors’ Interests under paragraph 9.1 in the Manco Internalisation Circular
    should read as follows:

                                                                           Non-
                                              Beneficial
                                                                       beneficial
     Directors                            Direct           Indirect   Associates          Total      %

     PD Naidoo (Chairman)                        -    15 038 268                -    15 038 268    4.00
     NV Balfour (Chief Executive
                                                 -                -             -             -       -
     Officer)
     J Pohl (Acting Chief Financial
                                                 -                -             -             -       -
     Officer)
     KR Collins (Alternate)                      -                -             -             -       -
     B de Bruyn*                                 -                -             -             -       -
     AN de Rauville**                            -     5 925 977                -     5 925 977    1.58
     JA Legh                          10 197 632       1 598 482                -    11 796 114    3.14
     JR Macey                                    -        20 000             -           20 000     0.01
     S Mia                                       -                -             -             -       -
     N Morris***                                 -       550 000              -         550 000     0.15
     P Ntshalintshali                            -    51 858 876                -     51 858 876   13.79
     T   Sishuba#                                -                -             -             -       -
     P Tau-Sekati#                               -                -             -             -       -
     MJ van Heerden                              -    15 721 729                -    15 721 729    4.18
     KN Vundla                                   -                -             -             -       -
     JD Wiese                                    -    63 100 399                -    63 100 399   16.78

     Total                            10 197 632     153 813 731                -   164 011 363   43.63

    *B de Bruyn resigned as CFO of Texton on 30 June 2017.
   **AN de Rauville resigned as acting CEO of Texton on 1 December 2016.
   ***N Morris resigned as CEO of Texton on 17 July 2017.
   # T Sishuba and P Tau-Sekati both resigned as directors of Texton on 25 August 2016.



   As a result of the corrections above, the total directors’ interests in Texton shares is now correctly
   reflected as 43.63% (previously 43.34%).

3. No change statement

   Save as disclosed above, there has been no significant change and no significant matter has arisen
   since the publication of the Manco Internalisation Circular. All other information contained in the
   Manco Internalisation Circular remains unchanged.

4. Directors’ responsibility statement

   The directors of Texton, whose names are detailed on the inside front cover of the Manco
   Internalisation Circular, collectively and individually, accept full responsibility for the accuracy of the
   information given and certify that to the best of their knowledge and belief there are no facts that
   have been omitted which would make any statement false or misleading, and that all reasonable
   enquiries to ascertain such facts have been made and that the Manco Internalisation Circular
   contains all information required by law and the listings requirements of the JSE Limited.


Hyde Park
29 August 2017

Sponsor
Investec Bank Limited

Legal advisor and competition law advisor
Norton Rose Fulbright South Africa Inc.

Independent expert
Questco Proprietary Limited

Independent reporting accountants
KPMG Inc.

Date: 29/08/2017 11:03:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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