Shareholders are advised that the following directors and their associates have exercised their rights and purchased the number of ordinary shares indicated against their names below, in terms of the rights offer:
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| Name of director | Desmond de Beer, who is a trustee and beneficiary of The Suni Trust, the entity which entered into the transaction |
| Transaction date | 20 December 2010 |
| Price per security | R26.00 |
| Number of securities | 595 772 Rights offer shares |
| Total value | R15 490 072 |
| Transaction date | 22 December 2010 |
| Price per security | R26.00 |
| Number of securities | 80 855 Excess rights offer shares |
| Total value | R2 102 230 |
| Nature of transaction | On market on the JSE |
| Nature and extent of director’s interest | Indirect beneficial |
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| Name of director | Desmond de Beer, who has a 50% interest in Optimprops 3 (Proprietary) Limited, the entity which entered into the transaction |
| Transaction date | 20 December 2010 |
| Price per security | R26.00 |
| Number of securities | 178 921 Rights offer shares |
| Total value | R4 651 946 |
| Transaction date | 22 December 2010 |
| Price per security | R26.00 |
| Number of securities | 13 579 Excess rights offer shares |
| Total value | R353 054 |
| Nature of transaction | On market on the JSE |
| Nature and extent of director’s interest | Indirect beneficial |
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| Name of associate | Ross Peter de Beer |
| Relationship to and name of director | Son of Desmond de Beer |
| Transaction date | 20 December 2010 |
| Price per security | R26.00 |
| Number of securities | 24 |
| Total value | R624 |
| Nature of transaction | On market on the JSE |
| Nature and extent of director’s interest | Indirect beneficial |
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| Name of associate | Craig Matthew de Beer |
| Relationship to and name of director | Son of Desmond de Beer |
| Transaction date | 20 December 2010 |
| Price per security | R26.00 |
| Number of securities | 24 |
| Total value | R624 |
| Nature of transaction | On market on the JSE |
| Nature and extent of director’s interest | Indirect beneficial |
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| Name of associate | Emily Kim de Beer |
| Relationship to and name of director | Daughter of Desmond de Beer |
| Transaction date | 20 December 2010 |
| Price per security | R26.00 |
| Number of securities | 24 |
| Total value | R624 |
| Nature of transaction | On market on the JSE |
| Nature and extent of director’s interest | Indirect beneficial |
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| Name of director | Jeffrey Nathan Zidel, who is a 100% shareholder of Maxtrade Seven (Proprietary) Limited, the entity which entered into the transaction |
| Transaction date | 20 December 2010 |
| Price per security | R26.00 |
| Number of securities | 177 582 |
| Total value | R4 617 132 |
| Nature of transaction | On market on the JSE |
| Nature and extent of director’s interest | Indirect beneficial |
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| Name of director | Jeffrey Nathan Zidel |
| Transaction date | 20 December 2010 |
| Price per security | R26.00 |
| Number of securities | 30 000 |
| Total value | R780 000 |
| Nature of transaction | On market on the JSE |
| Nature and extent of director’s interest | Direct beneficial |
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| Name of director | Martin Slabbert, who has an indirect beneficial interest in Slabbert Family Limited, the entity which entered into the transaction |
| Transaction date | 20 December 2010 |
| Price per security | R26.00 |
| Number of securities | 59 091 |
| Total value | R1 536 366.00 |
| Nature of transaction | On market on the JSE |
| Nature and extent of director’s interest | Indirect beneficial |
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| Name of director | Martin Slabbert, who has an indirect beneficial interest in Slabbert Family Limited, the entity which entered into the transaction |
| Transaction date | 20 December 2010 |
| Price per security | EUR 2.67 |
| Number of securities | 178 067 |
| Total value | EUR 475 438.89 |
| Nature of transaction | On market on the AIM market of the LSE |
| Nature and extent of director’s interest | Indirect beneficial |
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| Name of associate | Mrs Madelein Slabbert |
| Name of director | Martin Slabbert |
| Transaction date | 20 December 2010 |
| Price per security | R26.00 |
| Number of securities | 47 833 |
| Total value | R1 243 658.00 |
| Nature of transaction | On market on the JSE |
| Nature and extent of director’s interest | Indirect beneficial |
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| Name of director | Victor Semionov, who is a shareholder of Focus CEE Investments Limited, the entity which entered into the transaction |
| Transaction date | 20 December 2010 |
| Price per security | R26.00 |
| Number of securities | 15 950 |
| Total value | R414 700.00 |
| Nature of transaction | On market on the JSE |
| Nature and extent of director’s interest | Indirect beneficial |
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| Name of director | Victor Semionov, who is a shareholder of Focus CEE Investments Limited, the entity which entered into the transaction |
| Transaction date | 20 December 2010 |
| Price per security | EUR 2.67 |
| Number of securities | 7 500 |
| Total value | EUR 20 025.00 |
| Nature of transaction | On market on the AIM market of the LSE |
| Nature and extent of director’s interest | Indirect beneficial |
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Following the purchases outlined above:
Through his interest in The Suni Trust, Mr de Beer has a beneficial interest in 2 723 627 ordinary shares in the company (“Ordinary Shares”), representing 3.54% of the Company’s enlarged issued share capital (“Share Capital”). Mr de Beer also has an interest in Ordinary Shares through his 50% interest in Optimprops 3 (Proprietary) Limited, which holds 1 862 500 Ordinary Shares, representing 2.42% of the Share Capital. Mr de Beer also directly and indirectly holds 5.87% of Resilient REIT Limited (“Resilient”) and 0.90% of Capital Property Fund (“Capital”). In addition, through his associates, Mr de Beer has an interest of 372 Ordinary Shares representing 0.0005% of the Share Capital.
Mr Zidel has an indirect interest in 910 802 Ordinary Shares held by Maxtrade Seven (Pty) Limited, representing 1.18% of the Share Capital. Mr Zidel also directly and indirectly holds 2.65% of Resilient and 0.04% of Capital. Mr Zidel also directly has an interest of 30 000 Ordinary Shares, representing 0.04% of the Share Capital.
Resilient has a 19.08% unitholding in Capital, which is directly interested in 3 450 000 Ordinary Shares, representing 4.48% of the Share Capital. Resilient is also interested in 16 830 000 Ordinary Shares, representing 21.88% of the Share Capital, through its ownership of Diversified Properties 2 (Proprietary) Limited.
Mr Slabbert’s indirect beneficial interest in the equity of the Company is 4 579 029 Ordinary Shares, representing 5.95% of the Share Capital.
Mr Semionov’s indirect beneficial interest in the equity of the Company is 963 656 Ordinary Shares, representing 1.25% of the Share Capital.
The Company would like to clarify that the total issued share capital of the Company has increased to 76 933 734 Ordinary Shares and not 76 993 734 Ordinary Shares as was indicated in the Company’s ‘RESULTS OF THE RIGHTS OFFER’ announcement released on 20 December 2010.
