EQUITES PROPERTY FUND LIMITED - Completion of acquisition of DHL Distribution Centre in Reading, England

Completion of acquisition of DHL Distribution Centre in Reading, England

EQUITES PROPERTY FUND LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 2013/080877/06)
JSE share code: EQU ISIN: ZAE000188843
(Approved as a REIT by the JSE)
(“Equites” or “the company”)


COMPLETION OF ACQUISITION OF DHL DISTRIBUTION CENTRE IN READING, ENGLAND


Shareholders are referred to the announcement released on SENS on 27 October 2017 wherein shareholders were
advised that Equites, through its Isle of Man based wholly-owned subsidiary, Equites International Limited (“Equites
International”), had concluded the following agreements:

      -   an agreement of sale of land with Exton Estates Three Limited (“the seller”), in terms of which Equites
          International will acquire 7.96 acres of vacant land (“the property”) for £9 722 526 (ZAR 175 005 468); and

      -   a development and funding agreement with Exton Estates Limited, in terms of which Equites International
          will fund the development of a 9 325 square metre ‘last mile’ distribution warehouse to be let to DHL
          International (UK) Limited for an amount up to £15 909 588 (ZAR 286 372 584) (“the transaction”).

The transaction was subject to 1) the seller obtaining the requisite planning permission in respect of the development
and the expiry of the six week judicial review period during which interested and affected parties may raise objections
and 2) the granting of a long leasehold interest in the property from Reading Borough Council to the seller.

Shareholders are hereby advised that all of the conditions precedent having been fulfilled, the acquisition of the property
was implemented on 19 December 2017 on which date Equites became the lessee of the property.

The transaction is classified as a category 2 transaction in terms of the JSE Listings Requirements and accordingly does
not require approval by Equites’ shareholders.

19 December 2017


Corporate advisor and sponsor to Equites
Java Capital

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