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Exit from the UK REIT regime
New Frontier Properties Ltd
(Incorporated in the Republic of Mauritius on 5 June 2014)
(Registration number 123368C1/GBL)
SEM share code: NFP.N000
JSE share code: NFP
ISIN: MU0453N00004
("New Frontier" or the "Company")
EXIT FROM THE UK REIT REGIME
The board of directors of New Frontier wishes to inform shareholders that the Company has confirmed to
HM Revenue and Customs in the United Kingdom that it left the UK REIT regime on 30 September 2018,
as reported in the Company's results for the 9 months ended 31 May 2018, published on 13 July 2018.
This is as a consequence of the Company being unable to meet all the requirements for UK REIT status. As
a result of leaving the UK REIT regime, the Company will in the interim continue to be UK tax resident,
and will be liable to pay UK corporation tax at the prevailing rate on its profits.
Shareholders are advised that future distributions by the Company will comprise ordinary dividends rather
than property income distributions.
AMENDMENTS TO THE CONSTITUTION
Shareholders are advised that, in light of the Company's exit from the UK REIT regime, certain
amendments will need to be made to the Company's Constitution, and a special resolution in terms of
section 117 of the Companies Act, 2001 of Mauritius, resolving to approve such changes, will be circulated
to shareholders in due course.
New Frontier holds primary listings on the Stock Exchange of Mauritius Ltd ("SEM") and the Alternative
Exchange of the Johannesburg Stock Exchange ("JSE").
By order of the Board
1 October 2018
This notice is issued pursuant to SEM Listing Rule 11.3. The Board of New Frontier Properties Ltd accepts
full responsibility for the accuracy of the information in this notice
For further information please contact:
JSE sponsor
Java Capital +27 11 722 3050
Company secretary
Osiris Corporate Solutions (Mauritius) Ltd +230 650 4030
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