RAVEN PROPERTY GROUP LIMITED - Completion of Re-designation of Convertible Preference Shares into New Ordinary Shares and New Preference Shares

Completion of Re-designation of Convertible Preference Shares into New Ordinary Shares and New Preference Shares

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

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JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS
OF SUCH JURISDICTION


  Completion of Re-designation of Convertible Preference Shares into New Ordinary Shares and
                                    New Preference Shares

On 14 July 2020, the Company published a Prospectus in relation to the proposed re-designation of its
Convertible Preference Shares into New Ordinary Shares and New Preference Shares. The resolutions
necessary for the Re-designation to take effect were passed at a general meeting of the Company’s
shareholders and class meetings of its Convertible Preference Shareholders and Preference
Shareholders on 31 July 2020.

In accordance with the timetable set out in the Prospectus, the Re-designation completed earlier today at
00.00. Admission and commencement of dealings in 121,046,403 New Ordinary Shares and 115,913,610
New Preference Shares on the London Stock Exchange's Main Market will occur at 8.00 a.m. this
morning, 30 September 2020.1 Following completion of the Re-designation, the Company’s entire
Convertible Preference Share class is no longer in existence.

CREST accounts will be credited with the New Ordinary Shares and New Preference Shares today.
Definitive share certificates in respect of the New Ordinary Shares and New Preference Shares will be
dispatched by 14 October 2020.

Defined terms used in this announcement shall have the same meaning as set out in the Company’s
Prospectus dated 14 July 2020.

(1) Dealings in New Ordinary Shares are also expected to commence at 8.00 a.m.(local time, in each case) on or about 30
September on (i) The International Stock Exchange (ii) the main board of the Johannesburg Stock Exchange; and(iii) the Moscow
Stock Exchange. Dealings in the New Preference Shares are also expected to commence on The International Stock Exchange at
8.00 a.m. on 30 September 2020.

30 September 2020
JSE Sponsor: Rencap Securities (Pty) Limited

Enquiries

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

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

 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 Limited (UK joint broker)                                           Tel: + 44 (0) 207 260 1000
 Alex Ham / Jamie Loughborough / Alasdair Abram
 Nathan Brown / George Shiel

 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
 Semelia Hamon


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 and Preference Shares 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. The Group operates out of offices in Guernsey, Moscow and Cyprus and has an investment
portfolio of circa 1.9 million square metres of Grade "A" warehouses in Moscow, St Petersburg, Rostov-
on-Don, Novosibirsk and Nizhny Novgorod and 49,000 square metres of commercial office space in St
Petersburg. For further information visit the Company’s website: www.theravenpropertygroup.com

Date: 30-09-2020 08:00:00
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