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ASCENSION PROPERTIES LIMITED - Change to the board of directors

Release Date: 01/03/2017 17:43
Code(s): AIA     PDF:  
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Change to the board of directors

(Incorporated in the Republic of South Africa)
(Registration number 2006/026141/06)
JSE share code: AIA  ISIN: ZAE000204566
(Approved as a REIT by the JSE)
(“Ascension” or “the company”)


The board of directors (“the Board”) of Ascension wishes to announce that Mr. Kameel Keshav will be
leaving his position as Chief Executive Officer of the Company as at 31 March 2017 to pursue other

Following the recent announcement of the intention of Rebosis Property Fund Limited (“Rebosis”) to
make an offer to acquire all of the Ascension A shares in exchange for 19.34236 Rebosis A ordinary shares
for every 100 Ascension A shares by scheme of arrangement (the “A share scheme”), which will be voted
on by Ascension shareholders at the scheme meeting to be held on 16 March 2017. Ascension anticipates
that the A share scheme will be implemented by the end of April 2017 and has elected not to appoint a new
CEO, pending the approval of the A share scheme by Ascension shareholders.

Kameel made an outstanding contribution to the Company and the Board appreciates the commitment and
time he invested and demonstrated in the performance of his duties.

1 March 2017

Java Capital

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