VUKILE PROPERTY FUND LIMITED - Proposed placing of B ordinary shares in new Fairvest Limited

Proposed placing of B ordinary shares in new Fairvest Limited

VUKILE PROPERTY FUND LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 2002/027194/06)
JSE share code: VKE NSX share code: VKN
ISIN: ZAE000180865
Bond company code: VKEI
(Granted REIT status with the JSE)
(“Vukile”)


PROPOSED PLACING OF B ORDINARY SHARES IN NEW FAIRVEST LIMITED


Following the merger of Fairvest Property Holdings Limited and Arrowhead Properties Limited, both companies
in which Vukile held investments, Vukile is considering reducing its holding of B ordinary shares in the post-
merger company (“new Fairvest Limited”). Accordingly, Vukile will offer B ordinary shares in new Fairvest
Limited to select participants in a placement by accelerated bookbuild, aiming to raise R300 million subject to
acceptable pricing.

Settlement pursuant to any placement would be after implementation of the merger on Monday, 31 January 2022
and ex the Fairvest clean-out distribution.

Java Capital contact details:

Andrew Brooking                  Thys de Beer
fairvest@javacapital.co.za       fairvest@javacapital.co.za
Tel: (083) 642 0113              Tel: (083) 351 7683

26 January 2022


Corporate advisor, JSE sponsor and sole bookrunner           NSX sponsor
Java Capital                                                 IJG Securities (Pty) Ltd


The Placing is not an offer to the public as contemplated under the South African Companies Act, No.71 of 2008
as amended (“Companies Act”), nor an offer of securities in any other jurisdiction. Participation in the Placing
is reserved for invited investors only and subject to the terms and conditions provided to the invited investors.
Potential investors are only permitted to apply for shares with a minimum total acquisition cost, per single
addressee acting as principal, of greater than or equal to ZAR1 000 000, unless the potential investor is a person,
acting as principal, whose ordinary business, or part of whose ordinary business, is to deal in securities, whether
as principal or agent (in reliance on Section 96(1)(a)(i) and 96(1)(b) of the Companies Act) or such applicant
falls within one of the other specified categories of persons listed in section 96(1) of the Companies Act. Vukile
reserves the right to increase the size of the intended placement.

This announcement is not for publication or distribution or release, directly or indirectly, in the United States of
America (including its territories and possessions, any state of the United States and the District of Columbia).

This announcement does not constitute or form part of an offer or solicitation of an offer to purchase or subscribe
for securities in the United States or any other jurisdiction. The securities referred to herein have not been and
will not be registered under the United States Securities Act of 1933, as amended (the “Securities Act”), and
may not be offered or sold, directly or indirectly, in the United States, absent registration or an exemption from,
or transaction not subject to, the registration requirements of the Securities Act. No public offering of securities
is being made in the United States. Neither this announcement nor any copy of it may be taken, transmitted or
distributed, directly or indirectly in or into the United States, Canada, Australia or Japan.

This announcement is for information purposes only and in member states of the European Economic Area (other
than the United Kingdom) is directed only at persons who are qualified investors (as defined in article 2(1)(e) of
EU directive 2003/71/EC (the “Prospectus Directive”) and the relevant implementing rules and regulations
adopted by each Member State). In the United Kingdom, this announcement is directed only at the following
persons: investment professionals falling within article 19(5) of the Financial Services and Markets Act 2000
(Financial Promotion) Order 2005 (the “Order”); and high net worth entities, and other persons to whom it may
lawfully be communicated, falling within article 49(2)(a) to (d) of the Order.

This announcement has been issued by and is the sole responsibility of Vukile. No representation or warranty
express or implied, is or will be made as to, or in relation to, and no responsibility or liability is or will be
accepted by Java Capital or by any of their respective affiliates or agents as to, or in relation to, the accuracy or
completeness of this announcement or any other written or oral information made available to or publicly
available to any interested party or its advisers, and any liability therefore is expressly disclaimed.

Date: 26-01-2022 08:04:00
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