FREEDOM PROPERTY FUND LIMITED - Update on the disposal of properties by a wholly-owned subsidiary of Freedom

Release Date: 28/08/2018 16:11
Code(s): FDP
 
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Update on the disposal of properties by a wholly-owned subsidiary of Freedom

FREEDOM PROPERTY FUND LIMITED
Incorporated in the Republic of South Africa
Registration number: 2012/129186/06
Share code: FDP
ISIN: ZAE000185260
(“Freedom”)

UPDATE ON THE DISPOSAL OF PROPERTIES BY A WHOLLY-OWNED SUBSIDIARY OF FREEDOM


Shareholders are referred to the announcement, dated 15 August 2018, which advised that Zambesa
Investments Proprietary Limited, a wholly owned subsidiary of Freedom, had accepted and signed an
Offer to Purchase (“Offer”) submitted by Dr. Katlego Pholoana to acquire 8 residential units and 33
service stands situated in Burgersfort, collectively known as Tubatse Homes (the “Sale”).

Shareholders are hereby advised that certain conditions precedent to the Sale were not fulfilled
within the timeline specified in the Offer and accordingly the Sale will not proceed.


Paarl
28 August 2018

Sponsor and Corporate Advisor
Questco Corporate Advisory Proprietary Limited

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