BALWIN PROPERTIES LIMITED - Notification in terms of section 122(3) of the Companies Act

Notification in terms of section 122(3) of the Companies Act

Balwin Properties Limited
(Incorporated in the Republic of South Africa)
Registration Number: 2003/028851/06
Share code: BWN
ISIN: ZAE000209532
(“Balwin”)


NOTIFICATION IN TERMS OF SECTION 122(3) OF THE COMPANIES ACT, 2008 AND SECTION 3.83(b) OF THE JSE LISTING REQUIREMENTS


Shareholders are hereby advised that Greenhaven Road Investment Management LP (“Greenhaven”) has acquired a beneficial interest in the ordinary shares of Balwin such that its total beneficial interest
has increased to 5.6% of the ordinary shares in issue (26,436,007 ordinary shares).

Greenhaven is a boutique international hedge fund located in the United States with a philosophy of investing funds into businesses with strong cash flow, normalized earnings, and long-term growth
horizons. Balwin is proud to have been identified as a business that aligns with Greenhaven’s investment philosophy.

Balwin will file the required notice with the Takeover Regulation Panel as required in terms of section 122(3)(a) of the Companies Act, 2008.


Johannesburg
21 February 2020

Sponsor and corporate advisor:
Investec Bank Limited

Date: 21-02-2020 09:08:00
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.