Renewal of joint cautionary announcement
DELTA PROPERTY FUND LTD REBOSIS PROPERTY FUND LTD
(Incorporated in the Republic of South Africa) (Incorporated in the Republic of South Africa)
(Registration number 2002/005129/06) (Registration number 2010/003468/06)
JSE share code: DLT JSE share codes: REA ISIN: ZAE000240552
JSE Alpha code: DLTI REB ISIN: ZAE000201687
(Approved as a REIT by the JSE) JSE alpha code: REBI
(“Delta”) (Approved as a REIT by the JSE)
RENEWAL OF JOINT CAUTIONARY ANNOUNCEMENT
Shareholders of Delta and Rebosis (the “Parties”) are referred to the joint cautionary announcements
released on SENS on 6 August 2019, 18 September 2019 and 28 October 2019 (“the
Announcements”), advising that the respective boards of the Parties have, in-principle, agreed to
enter into exclusive merger discussions in order to effect a potential transaction, subject to various
outstanding matters, stakeholder engagement and support (“Merger”).
Subsequent to the Announcements, the Parties are continuing to engage major shareholders and
funders to obtain support for a potential capital raise that should contribute to lowering gearing. Key
stakeholders, and in particular with regards to the potential capital raise, are following their due
process regarding the potential Merger terms. While they have indicated their in-principle support for
the potential Merger, further information has been requested to complete their assessment. The
information requested has been provided and once the process is concluded, the Parties will revert to
the market with an update.
Renewal of Cautionary Announcement
Accordingly, Delta and Rebosis shareholders are advised that, as discussions between the Parties are
still ongoing, shareholders should continue to exercise caution when dealing in the securities of Delta
and Rebosis, until a further announcement is made.
9 December 2019
Transaction Advisor and Transaction Sponsor to Transaction Advisor to Rebosis
PSG Capital YW Capital
Sponsor to Delta and Rebosis
Nedbank Corporate and Investment Banking
Date: 09-12-2019 09:00:00
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