NEW FRONTIER PROPERTIES LIMITED - Further Extension of Time for Posting of Circular Regarding the Disposal of the Primark Store

Further Extension of Time for Posting of Circular Regarding the Disposal of the Primark Store

New Frontier Properties Limited
(Incorporated in the Republic of Mauritius on 5 June 2014)
(Registration number: 123368C1/GBL)
SEM share code: NFP.N0000
JSE share code: NFP
ISIN: MU0453N00004
(“New Frontier” or “the Company”)


FURTHER EXTENSION OF TIME FOR POSTING OF CIRCULAR REGARDING THE DISPOSAL OF THE PRIMARK
STORE


Shareholders are referred to the announcement released on SENS and the website of the Stock
Exchange of Mauritius Limited (“SEM”) on 30 June 2020 advising that the JSE Limited (“the JSE”) had
approved an extension until 31 July 2020 for the completion of the circular in respect of the disposal
of the Primark Store at Cooper’s Square Shopping Centre (“Transaction”) (“Circular”).

As noted previously, substantial delays had been experienced with the appointments of the valuer
(which is based in the UK) and the reporting accountant who is required to prepare reports on the
pro forma financial information and the historical financial information of the property, which delays
had partly been due to the COVID-19 lockdown. As a result, the Company was not in a position to
complete the Circular in time to meet the requirements of paragraph 9.20(b) of the JSE Listings
Requirements and to meet the previously extended posting date of 31 July 2020.

Shareholders are advised that the Circular has since been submitted to the JSE for comments and
the approval process is subject to the JSE’s standard turnaround times. The JSE has granted the
Company a further extension of time to post the Circular by 14 August 2020.

The salient dates and times relating to the Transaction and the general meeting to be convened in
order to enable shareholders to consider and, if deemed fit, approve or, to the extent required, ratify,
the resolutions required to implement the Transaction, will be released on SENS and the website of
the SEM at the time of posting of the Circular to shareholders.

New Frontier holds primary listings on both the Official Market of the SEM and the Alternative
Exchange of the JSE.

BY ORDER OF THE BOARD
6 August 2020


This notice is issued pursuant to SEM Listing Rule 11.3, the Mauritian Securities Act 2005 and section
9.20(b) of the JSE Listings Requirements. The Board of Directors of the Company accepts full
responsibility for the accuracy of the information contained in this announcement.

For further information please contact:

                                          SEM Authorised
          JSE Sponsor               Representative and Sponsor             Company Secretary
 AcaciaCap Advisors Proprietary        Perigeum Capital Ltd              Vistra (Mauritius) Limited
           Limited
        +27 11 480 8500                     +230 402 0890                     + 230 260 7275

Date: 06-08-2020 02:30:00
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