RAVEN PROPERTY GROUP LIMITED - Proposed purchase by the Company of its own ordinary shares and preference shares

Proposed purchase by the Company of its own ordinary shares and 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”)

              Proposed purchase by the Company of its own ordinary shares
                                            and
Proposed purchase of existing ordinary shares and preference shares by the Company and its
                      executive management through a joint venture
                                            and
    Proposed placing of existing ordinary shares and preference shares of the Company

The Board of Raven announces that the Company has entered into discussions with Invesco Asset
Management Limited (acting as agent for certain of its discretionary managed clients) to acquire all of
its ordinary shares and preference shares. The purchase prices under discussion in respect of the
ordinary shares and preference shares are 21.6 pence per share and 90.8 pence per share
respectively.

If concluded the transaction will entail 9,850,350 ordinary shares being bought by the Company and
cancelled, 100,000,000 ordinary shares and 32,500,000 preference shares being acquired by a newly
formed joint venture vehicle, comprising the Company together with its executive directors and certain
senior executives (and their related entities), with the remaining 46,824,074 ordinary shares and
31,071,616 preference shares being conditionally placed with investors.

Any such transaction will be conditional, inter alia, on ordinary shareholders and preference
shareholders passing the resolutions necessary to authorise the transaction.

It is anticipated that the share purchases by the Company and the joint venture vehicle described
above will be funded through a loan facility with VTB Bank.

Glyn Hirsch, Group Chief Executive, also provided the following update:

“We are pleased to say that, despite all the global uncertainty, our portfolio continues to trade well
with very little impact from the pandemic in the second half of the year. The financial results for the
year to 31 December 2020 will be announced on 15 March 2021.”

A further announcement will be made as and when appropriate.

The information contained within this announcement is considered by Raven Property Group Limited
to constitute inside information pursuant to Article 7 of EU Regulation No. 596/2014 as it forms part of
domestic law by virtue of the European Union (Withdrawal) Act 2018. Upon the publication of this
announcement via a Regulatory Information Service, this inside information will be considered to be in
the public domain.

The person responsible for arranging for the release of this announcement on behalf of the Company
is Benn Garnham, Company Secretary.

26 January 2021
JSE Sponsor: Rencap Securities (Pty) Limited

Contacts / 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 (Sponsor, joint financial adviser & UK                    Tel: +44 (0) 20 7496 3000
joint broker)
Corporate Finance - James Maxwell / Alex Bond
Sales - Alan Geeves / James Waterlow
VTB Capital plc (Joint financial adviser)                             Tel: +44 (0) 203 334 8000
Alexander Metherell

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 732746
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
Financial Conduct 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: 26-01-2021 09:00:00
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