EQUITES PROPERTY FUND LIMITED - Modification of special resolution to be proposed at a general meeting on 30 January 2019

Modification of special resolution to be proposed at a general meeting on 30 January 2019

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")


MODIFICATION OF SPECIAL RESOLUTION TO BE PROPOSED AT A GENERAL MEETING ON 30 JANUARY 2019


Shareholders are referred to the company’s notice of general meeting to be held on Wednesday, 30 January 2019 
("the general meeting") at which resolutions will be proposed regarding a Domestic Medium-Term Note Programme
("DMTN programme") that Equites intends to establish. In particular, the company has proposed a special resolution
seeking authority for the provision of financial assistance in terms of section 44 of the Companies Act, 71 of 2008, 
as amended ("Companies Act") ("the special resolution"). The wording of the special resolution follows the wording
of section 44 of the Companies Act. Equites, however, intends to modify the proposed wording at the general meeting
by narrowing the authority to the provision by Equites of financial assistance to Equites Security SPV (RF) Proprietary
Limited, a wholly-owned subsidiary of the company, for the purpose of the issuance of secured or unsecured notes in
terms of a DMTN programme.

Provision of the authority by approval of the special resolution, as modified, will position Equites to be able to 
issue  a diverse range of products under its DMTN programme, envisaged to be a R2 billion programme, which may include
secured notes, unsecured notes, commercial paper and long-term bonds. The details of the DMTN programmme will be made 
public by Equites when finalised.

28 January 2019


Sponsor
Java Capital

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