SAFARI INVESTMENTS (RSA) LIMITED - Joint Announcement in Regard to Fairvest and Safari Entering Exclusive Talks

Joint Announcement in Regard to Fairvest and Safari Entering Exclusive Talks

FAIRVEST PROPERTY HOLDINGS LIMITED                       SAFARI INVESTMENTS RSA LIMITED
(Incorporated in the Republic of South Africa)           (Incorporated in the Republic of South Africa)
(Registration number 1998/005011/06)                     (Registration number 2000/015002/06)
JSE share code: FVT ISIN: ZAE 000203808                  Share code: SAR ISIN: ZAE000188280
(Approved as a REIT by the JSE Limited)                  (Approved as a REIT by the JSE Limited)
(“Fairvest”)                                             (“Safari”)

Joint Announcement in Regard to Fairvest and Safari Entering Exclusive Talks

Having both received and considered a number of merger, disposal or acquisition proposals, Fairvest and Safari have
agreed to engage with each other on an exclusive basis regarding a potential friendly merger.

The expression of interest signed by both parties is at present non-binding and it is premature for shareholders to be
advised to exercise caution. Shareholders will be kept informed of progress toward a merger.

28 March 2019

Transaction advisor to Fairvest and Safari
Java Capital

JSE sponsor to Fairvest and Safari
PSG Capital

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