Sharenet Sites 
Sharenet Sites
Quarterly update for the period 17 August 2018 to 16 November 2018
FREEDOM PROPERTY FUND LIMITED
Incorporated in the Republic of South Africa
Registration number: 2012/129186/06
Share code: FDP
ISIN: ZAE000185260
(“the Company” or “Freedom”)
QUARTERLY UPDATE FOR THE PERIOD 17 AUGUST 2018 TO 16 NOVEMBER 2018
Shareholders are referred to the:
• last quarterly update, dated 17 August 2018 (“Last Quarterly Update”); and
• SENS announcement, dated 30 June 2016, relating to the suspension of the Company’s shares on
the JSE Limited (“JSE”) (“Suspension”).
In line with paragraph 1.11(c) of the JSE Listing Requirements, the Company is obliged to give an update to
the market of the state of the affairs of the Company until the Suspension is lifted.
1. Finalisation of annual financial statements:
In the Last Quarterly Update, shareholders were advised that the Company was in the process of re-
assessing the timeframe required to complete the annual financial statements for the 2016 year (including the
2015 restatement).
The Board has re-assessed the timeframe required to fully integrate the required IFRS changes and
subsequent amendments in its accounting systems and is of the firm opinion that the unaudited annual
financial results for the year ended 29 February 2016 will be released before the end of December 2018, with
the audited annual financial statements and annual report following early in 2019.
The board is committed to the lifting of the Suspension and will endeavour to release the remaining
outstanding financial results as soon as possible.
2. Share cancellation
The external auditors identified a reportable irregularity in terms of the Companies Act, (Act No. 71 of 2008)
(“Act”), in terms of which the Company has breached the provisions of section 48 (2)(b)(i) of the Act in that a
subsidiary company holds in excess of 10% of the shares in the Company.
Freedom is working towards procuring the cancellation of the excess treasury shares as a matter of urgency
in order to be compliant with the provisions of the Act and in this regard will distribute a circular to
shareholders in due course in order to obtain the required shareholders’ approval for the specific repurchase
required in order to cancel these shares.
Paarl
16 November 2018
Sponsor
Questco Corporate Advisory (Pty) Ltd
Date: 16/11/2018 09:28:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.
