Sharenet Sites 
Sharenet Sites
Update in respect of the sale of land and turnkey developments for Arrow Capital Partners in Basingstoke transaction
EQUITES PROPERTY FUND LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 2013/080877/06)
Share code: EQU ISIN: ZAE000188843
JSE alpha code: EQUI
(Approved as a REIT by the JSE)
("Equites" or "the Company")
UPDATE IN RESPECT OF THE SALE OF LAND AND TURNKEY DEVELOPMENTS FOR ARROW CAPITAL PARTNERS IN BASINGSTOKE
TRANSACTION
Shareholders are referred to the announcements released on 4 May 2022 and 13 June 2022 relating to
conclusion of agreements by Equites Newlands Group Limited ("ENGL"), a subsidiary of Equites, in respect
of the sale of land to Promontoria Logistics UK 6 Limited ("Purchaser") and turnkey developments for Arrow
Capital Partners in Basingstoke, England (the "Transaction").
Shareholders have been informed that the Transaction is subject to the fulfilment of certain conditions
precedent including receipt of planning approval for the development of the distribution centres and that
ENGL is appealing the refusal of the initial planning application.
Although ENGL has kept the Purchaser fully up to date regarding the status and process of the planning
application, the refusal of the initial planning application and the appeal, the Purchaser has purported to cancel
the Transaction on the basis that certain formal notification provisions in the relevant agreement were not met.
ENGL disputes the cancellation and the parties have agreed to refer their dispute to arbitration. Following the
receipt of the cancellation notice the Purchaser also submitted a revised offer to ENGL which has been
declined.
In the meantime, ENGL will proceed with the appeal in order to secure planning approval for the intended
development.
Shareholders will be kept updated.
4 October 2022
Corporate advisor and sponsor to Equites
Java Capital
Debt sponsor
Nedbank Corporate and Investment Banking
(a division of Nedbank Limited)
Date: 04-10-2022 05:00:00
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.
