DELTA PROPERTY FUND LIMITED - Withdrawal of joint cautionary announcement

Withdrawal of joint cautionary announcement

DELTA PROPERTY FUND LTD                                               REBOSIS PROPERTY FUND LTD
(Incorporated in the Republic of South Africa)   (Incorporated in the Republic of South Africa)
(Registration number 2002/005129/06)                       (Registration number 2010/003468/06)
JSE share code: DLT                                     JSE share codes: REA ISIN: ZAE000240552
JSE Alpha code: DLTI                                                     REB ISIN: ZAE000201687
(Approved as a REIT by the JSE)                                            JSE alpha code: REBI
(“Delta”)                                                       (Approved as a REIT by the JSE)
                                                                                    (“Rebosis”)
_________________________________________________________________________________

WITHDRAWAL OF JOINT CAUTIONARY ANNOUNCEMENT
__________________________________________________________________________________

Shareholders of Delta and Rebosis (the “Parties”) are referred to the joint cautionary announcements
released on SENS on 6 August 2019, 18 September 2019, 28 October 2019, 9 December 2019 and
24 January 2020, which indicated that the respective boards of the Parties had, in-principle, agreed to
enter into exclusive merger discussions regarding a potential transaction, subject to various
outstanding matters, stakeholder engagement and support.

The Parties have now agreed not to pursue the merger and hereby jointly withdraw their existing
cautionary announcement.

Accordingly, Delta and Rebosis shareholders are advised that caution is no longer required to be
exercised when dealing in the securities of Delta and Rebosis.

Johannesburg

3 March 2020

 Transaction Advisor and Transaction Sponsor to Delta                 Transaction Advisor to Rebosis
 PSG Capital                                                          YW Capital 

                                    Sponsor to Delta and Rebosis
                              Nedbank Corporate and Investment Banking
Date: 03-03-2020 09:00:00
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