TRADEHOLD LIMITED - Termination of Sale of three Property Rental Enterprises to VH Properties Proprietary Limited

Termination of Sale of three Property Rental Enterprises to VH Properties Proprietary Limited

Effective Tradehold Limited
(Registration number: 1970/009054/06)
Incorporated in the Republic of South Africa
JSE Share code: TDH ISIN: ZAE000152658
("Tradehold" or "the Company")


TERMINATION OF SALE OF THREE PROPERTY RENTAL ENTERPRISES TO VH PROPERTIES
PROPRIETARY LIMITED


1. INTRODUCTION

Shareholders were advised in an announcement published on SENS on 27 October 2021 (“the SENS
Announcement”), that Imbali Props 21 Proprietary Limited (“Imbali” or “the Seller”) (a subsidiary of
Tradehold), concluded an agreement (“the Agreement”) with VH Properties Proprietary Limited (“VH
Properties” or “the Purchaser”) to dispose of three (3) property rental enterprises (“the Disposal”)
conducted in relation to three properties (“the Properties”) details of which were contained in paragraph 7
of the SENS Announcement, (collectively, “the Property Rental Enterprises”).

2. TERMINATION OF THE AGREEMENT

In terms of paragraph 4 of the SENS Announcement, the Disposal was subject to the conclusion of, inter
alia, the following conditions precedent:

•   within seven (7) days of the date of signature of the Agreement (“Signature Date”), the Seller delivers
    the draft Standalone Lease Agreement to the Purchaser; and
•   within thirty (30) days of Signature Date, the Purchaser notifies the Seller, in writing, that VH Properties
    is satisfied with the results of its due diligence investigation into the Property Rental Enterprises and
    the draft terms of the Standalone Lease Agreement (as mentioned in paragraph 1.3 of the SENS
    Announcement) (the “Due Diligence Investigation”).

The Purchaser did not confirm satisfaction with the Due Diligence Investigation and the terms of the
Standalone Lease Agreement in time and, as a result of this, the Agreement did not come into effect.

Cape Town
15 December 2021

JSE Sponsor to Tradehold

Questco Corporate Advisory Proprietary Limited

Date: 15-12-2021 01:47:00
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