EXEMPLAR REITAIL LIMITED - Notification in terms of section 45(5) of the Companies Act 71 of 2008

Notification in terms of section 45(5) of the Companies Act 71 of 2008

Exemplar REITail Limited
(Incorporated in the Republic of South Africa)
(Registration number 2018/022591/06)
Approved as a REIT by the JSE
JSE share code: EXP ISIN: ZAE000257549
LEI: 3789000558287E37F130
(“Exemplar” or “the company”)


NOTIFICATION IN TERMS OF SECTION 45(5) OF THE COMPANIES ACT 71 OF 2008


Notice is hereby given that in terms of the provisions of section 45(5)(b) of the Companies Act 71 of 2008
(“the Companies Act”) and pursuant to the special resolution passed by shareholders on 10 May 2018, as
noted in the prospectus issued by the company on 30 May 2018, authorising the board of directors of the
company (“the board”) to provide direct or indirect financial assistance to any related or inter-related
company, the board adopted a resolution on 27 May 2019 in terms of section 45(3)(b) of the Companies Act,
which resolution authorises Exemplar to provide financial assistance to Hlekwa Paulus Mahlangu, a director
of a related company, Phola Mall Proprietary Limited, through the extension of a loan of R150 000.

The loan to Hlekwa Paulus Mahlangu as described above constitutes financial assistance in terms of section
45(1) of the Companies Act.

The loan, together with interest thereon at the prime lending rate, was repaid on 18 June 2019.

In accordance with section 45 of the Companies Act, the board is satisfied and acknowledges that:

   (i)     immediately after providing such financial assistance, Exemplar would have satisfied the solvency
           and liquidity test as provided for in section 4 of the Companies Act; and
   (ii)    the terms under which such financial assistance was given were fair and reasonable to Exemplar.


2 March 2020

Sponsor
Java Capital

Date: 02-03-2020 04:00:00
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.