REBOSIS PROPERTY FUND LIMITED - Proposed disposal of Mafikeng student accommodation - Extension to conditions precedent

Proposed disposal of Mafikeng student accommodation - Extension to conditions precedent

REBOSIS PROPERTY FUND LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 2010/003468/06)
JSE share codes:
REA ISIN: ZAE000240552
REB ISIN: ZAE000201687
Alpha code: REBI
(Approved as a REIT by the JSE)
(“Rebosis” or the “Company”)

PROPOSED DISPOSAL OF MAFIKENG STUDENT ACCOMMODATION – EXTENSION TO CONDITIONS PRECEDENT

1. Introduction
   Rebosis shareholders are referred to the announcement dated 06 September 2019 and the updates thereto on 
   15 November 2019 and 20 January 2020, wherein shareholders were advised that the Company had entered into an
   agreement and two further addenda thereto (“Agreement”) with Adowa Infrastructure Managers (RF) Proprietary
   Limited and the Government Employees Pension Fund (collectively, the “Purchaser(s)”), to dispose of student
   accommodation situated at Erf 2460, Mafikeng, together with the rental enterprise conducted thereon (the
   “Property”).

2. Amendment to conditions precedent
   Shareholders are advised that the Company and the Purchasers have entered into a third addendum to the
   Agreement, dated 30 January 2020 wherein the following remaining conditions precedent were extended:

   2.1   By no later than 31 March 2020, the Company obtains shareholder approval; and
   2.2   by no later than 31 March 2020, the relevant competition authorities approve in writing the sale of the
         Property.

Johannesburg
31 January 2020

Sponsor
Nedbank Corporate and Investment Banking, a division of Nedbank Limited

Date: 31-01-2020 09:00:00
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