ANNUITY PROPERTIES LTD - Results of distribution

Results of distribution

ANNUITY PROPERTIES LIMITED
(Incorporated in the Republic of South Africa)
(Registration Number 2011/145994/06)
Share code: ANP       ISIN: ZAE000165643
(“Annuity” or “the Company”)


RESULTS OF DISTRIBUTION RE-INVESTMENT ALTERNATIVE


Linked unitholders are referred to the announcements released on the Stock Exchange News Service ("SENS")
on 14 November 2013 and 29 November 2013 relating to the declaration and finalisation of the final cash
distribution of 22.14 cents (“Cash Distribution”) per Annuity linked unit and the distribution re-investment
alternative (“Linked Unit Alternative”).

Linked unitholders holding 96,333,333 Annuity linked units or 41.5% of Annuity linked units qualifying to receive
the distribution elected to receive the Linked Unit Alternative, resulting in the issue of 4,190,216 new linked units,
retaining R21.3 million (based on the clean issue price of R5.09 for the new linked units) in new equity for Annuity.
Accordingly, a Cash Distribution of R30.1 million is payable today in respect of 136,049,220 Annuity linked units.

Distribution cheques in respect of certificated linked unitholders who elected to receive the Cash Distribution and
linked unit certificates in respect of certificated linked unitholders who elected the Linked Unit Alternative were
posted today to certificated linked unitholders at their risk. The Central Securities Depository Participants or broker
custody accounts of dematerialised linked unitholders will be credited on Wednesday, 18 December 2013 with
their new linked units, in line with the adjusted settlement dates as indicated in the aforementioned SENS
announcements.

Illovo
17 December 2013



Lead Investment Bank and Transaction Sponsor
Investec Bank Limited

Joint Investment Bank
Sasfin Capital (A division of Sasfin Bank Limited)

Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)

Date: 17/12/2013 03:49:00 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.