Sharenet Sites 
Sharenet Sites
Accelerated book build
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")
ACCELERATED BOOK BUILD
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, CANADA, JAPAN OR
ANY JURISDICTION IN WHICH IT WOULD BE UNLAWFUL TO DO SO
Equites announces a capital raise through the issuance of new Equites shares (the "capital raise"), within applicable
limitations in terms of its share issuance authority.
The capital raise will be by book build managed by Java Capital as bookrunner. Participation will be by invitation from
Java Capital, which will provide invitees with the terms and conditions of participation. Any agreements reached with
participants will be subject to the approval of Equites in its discretion.
The book build is now open and the Company reserves the right to close it at any time.
In accordance with Equites' general authority to issue shares for cash, related parties may participate provided they do
so at the price at which the book closes (subject to their maximum bid price). Equites will allocate shares to participants
on a basis that Equites in its discretion considers equitable, which will consider factors including existing shareholdings
in Equites, pricing and sizing of bids, receipt of early submissions of commitments and due process.
New shares, when issued, will be credited as fully paid and will rank pari passu in all respects with existing shares.
Java Capital contact details:
Andrew Brooking Thys de Beer
Equites@javacapital.co.za Equites@javacapital.co.za
Tel: (083) 642 0113 Tel: (083) 351 7683
1 December 2025
Bookrunner and sponsor
Java Capital
Debt Sponsor
Nedbank Corporate and Investment Banking,
a division of Nedbank Limited
The capital raise is not an offer to the public as contemplated under the South African Companies Act, No.71 of 2008
as amended ("Companies Act"), nor an offer of securities in any other jurisdiction. Participation in the capital raise is
reserved for invited investors only and subject to the terms and conditions provided to the invited investors. Potential
investors are only permitted to apply for shares with a minimum total acquisition cost, per single addressee acting as
principal, of greater than or equal to ZAR1 000 000, unless the potential investor is a person, acting as principal, whose
ordinary business, or part of whose ordinary business, is to deal in securities, whether as principal or agent (in reliance
on Section 96(1)(a)(i) and 96(1)(b) of the Companies Act) or such applicant falls within one of the other specified
categories of persons listed in section 96(1) of the Companies Act.
Date: 01-12-2025 05:37:00
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.
