EQUITES PROPERTY FUND LIMITED - Transfer of distribution centres to the joint venture company of Equites and Shoprite

Transfer of distribution centres to the joint venture company of Equites and Shoprite

EQUITES PROPERTY FUND LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 2013/080877/06)
JSE share code: EQU ISIN: ZAE000188843
(Approved as a REIT by the JSE)
(“Equites”)


TRANSFER OF DISTRIBUTION CENTRES TO THE JOINT VENTURE COMPANY OF EQUITES AND SHOPRITE


Shareholders are referred to the SENS announcement issued on 25 February 2020 in which Equites and Shoprite
advised, inter alia, that they agreed to establish a joint venture company, Retail Logistics Fund Proprietary Limited
(“Retail Logistics Fund”), in which Equites would own 50.1% of the shares with Shoprite owning the remaining
49.9% (“Transaction”).

Pursuant to the Transaction, Retail Logistics Fund acquired from Shoprite, three distribution centres, namely the two
Brackenfell and Centurion distribution centres, and associated undeveloped bulk land (“Distribution Centres”).

Equites and Shoprite wish to advise that all the conditions to the Transaction have been fulfilled, that the respective
transfers of the Distribution Centres were registered into the name of Retail Logistics Fund in the relevant deeds
offices this morning, and that the Transaction has been implemented.

4 November 2020

Corporate advisor and sponsor
Java Capital

Attorneys and legal advisor to Equites
Cliffe Dekker Hofmeyr

Tax advisors to Equites
AJM
Date: 04-11-2020 02:00:00
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