RAVEN PROPERTY GROUP LIMITED - Proposed Purchase of 1 in every 44 Ordinary Shares of 1p each in the Company at 55p per share

Proposed Purchase of 1 in every 44 Ordinary Shares of 1p each in the Company at 55p per share

Raven Property Group Limited
Incorporated in Guernsey
Company number 43371
LSE share code: RAV; JSE share code: RAV
ISIN:GB00B0D5V538
(“Raven” or the “Company”)


NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, INTO
ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE
RELEVANT LAWS OF SUCH JURISDICTION


    Proposed Purchase of 1 in every 44 Ordinary Shares of 1p each in the Company
   (“Ordinary Shares”) at 55p per share by way of a tender offer (the “Tender Offer”)

                                  Notice of General Meeting

Raven is today posting a circular to its shareholders containing full details of the Tender Offer
and a notice of General Meeting convened for 10.30 a.m. Greenwich Mean Time (“GMT”) on
Wednesday 7 November 2018.

On 28 August 2018, the Board of Raven announced in its Interim Results for the six months
ended 30 June 2018, that the Company intended to offer to purchase 1 in every 44 Ordinary
Shares by way of a tender offer at a price of 55p per share. The Tender Offer will also present
tendering shareholders with an opportunity to sell more than their pro rata entitlement (up to
their entire holding of Ordinary Shares) to the extent that other shareholders tender less than
their pro rata entitlement. In such case, surplus tenders will be accepted in proportion to the
number of additional Ordinary Shares tendered so that the total number of Ordinary Shares
purchased does not exceed 14,480,510 (assuming no valid exercise or conversion of the
Company's warrants or Convertible Preference Shares respectively in the period).

If the maximum number of 14,480,510 Ordinary Shares is acquired (assuming no valid
exercise or conversion of the Company's Warrants or Convertible Preference Shares
respectively in the period), this will result in an amount of approximately £8 million being paid
by the Company to its shareholders. It is intended that the Ordinary Shares purchased under
the Tender Offer will be cancelled and not available for re-issue.

The Tender Offer is open to all holders of Ordinary Shares on the Company's register at 6.00
p.m. GMT on Tuesday 6 November 2018, who may participate by tendering all or a proportion
of their holding of Ordinary Shares at 55p per share. Warrantholders and holders of
Convertible Preference Shares who wish to participate in the Tender Offer will be required to
exercise their warrants or convert their shares respectively by Friday 26 October 2018 in
accordance with the terms of the Warrant Instrument and Company's Articles. No Ordinary
Shares will be purchased in relation to the Tender Offer unless the relevant resolution to be
proposed at the General Meeting is passed.

Shareholders on the Company’s South African register should refer to the separate Letter to
South African Shareholders for details of the action to be taken in relation to the Tender Offer
and the General Meeting.

Copies of the circular, tender offer forms and form of proxy will be submitted to the National
Storage    Mechanism        and     will  shortly   be     available    for   inspection    at
http://www.morningstar.co.uk/uk/NSM. In addition, the documents will be available on the
Company’s website (www.theravenpropertygroup.com/investors) and may also be obtained
from the Company Secretary.

16 October 2018
JSE Sponsor: Rencap Securities (Pty) Limited

Enquiries

Raven Property Group Limited                                Tel:    +44 (0) 1481 712955
Anton Bilton
Glyn Hirsch

Novella Communications (public relations                    Tel:    +44 (0) 203 151 7008
adviser)
Tim Robertson
Toby Andrews

N+1 Singer (UK joint broker)                                Tel:    +44 (0) 20 7496 3000
Corporate Finance - James Maxwell / James Moat
Sales - Alan Geeves / James Waterlow

Numis Securities (UK joint broker)                          Tel:    +44 (0) 207 260 1000
Alex Ham / Jamie Loughborough / Alasdair Abram

Renaissance Capital (South African broker)                  Tel:       +27 (11) 750 1448
Yvette Labuschagne

Renaissance Capital (Russian broker)                        Tel:        +7 495 258 7770
David Pipia

Ravenscroft (TISE sponsor)                                  Tel:    +44 (0) 1481 729100
Jade Cook

About Raven Property Group

Raven Property Group Limited was founded in 2005 to invest in class A warehouse
complexes in Russia and lease to Russian and International tenants. Its Ordinary Shares,
preference shares and warrants are listed on the Main Market of the London Stock Exchange
and admitted to the Official List of the UK Listing Authority and the Official List of The
International Stock Exchange (“TISE”). Its Ordinary Shares also have a secondary listing on
the main board of the Johannesburg Stock Exchange and the Moscow Stock Exchange. Its
convertible preference shares are admitted to the Official List of TISE and to trading on the
SETSqx market of the London Stock Exchange. The Group operates out of offices in
Guernsey, Moscow and Cyprus and has an investment portfolio of circa 1.8 million square
metres of Grade "A" warehouses in Moscow, St Petersburg, Rostov-on-Don and Novosibirsk
and 49,000 square metres of commercial office space in St Petersburg. For further
information visit the Company’s website: www.theravenpropertygroup.com

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