Vukile Property Fund Limited (JSE:VKE) News - 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 This announcement is not for publication or distribution or release, directly or indirectly, in the United States of America (including its territories and possessions, any state of the United States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 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. 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