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Update on the disposal of properties by wholly owned subsidiaries
FREEDOM PROPERTY FUND LIMITED
Incorporated in the Republic of South Africa
Registration number: 2012/129186/06
Share code: FDP
ISIN: ZAE000185260
(“the Group”)
UPDATE ON THE DISPOSAL OF PROPERTIES BY WHOLLY OWNED SUBSIDIARIES
Shareholders are referred to the announcement, dated 29 May 2019, which advised that Zambesa
Investments Proprietary Limited (“Zambesa”) and Tubatse Estate Proprietary Limited (“Tubatse
Estate”), which are wholly-owned subsidiaries of the Group, had entered into property sale
agreements with Cecilo Investments CC (“Cecilo”) relating to the disposal by:
• Zambesa of 8 residential units plus 33 serviced stands in the sectional scheme known as
Tubatse Homes SS 758/2017 to Cecilo; and
• Tubatse Estate of the remaining extent of the Burgersfort Extension 40 Township situated at
Portion 6 of the farm Witgatboom 316
(collectively “the Disposals”).
Shareholders are hereby advised that certain conditions precedent to the Disposals have not been
fulfilled within the timeline specified. Accordingly, the Disposals will not proceed at this point in
time but may be revived at some future date.
Paarl
10 July 2019
Sponsor and Corporate Advisor
Questco Corporate Advisory Proprietary Limited
Date: 10/07/2019 05:22:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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