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Lar España takeover offer
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
Debt company code: VKEI
(Granted REIT status with the JSE)
("Vukile" or "the company")
LAR ESPAÑA TAKEOVER OFFER
The Boards of Vukile and its subsidiary, Castellana Properties Socimi S.A.("Castellana"), have taken note of the
proposed voluntary cash tender offer for the shares of Lar España Real Estate Socimi S.A. ("Lar España") by the
consortium formed between Hines European Real Estate Partners III SCSp and a vehicle controlled by Grupo Lar
Inversiones Inmobiliarias, S.A. (Lar España's asset manager, and together the "Consortium") at a price of
EUR8.10 per share, which will be reduced by any distribution that Lar España may declare during the offer period,
based on the offer announcement.
The Board of Vukile confirms that it has not had any discussions with the Consortium with regards to the
potential transaction, and that as 28.7% owner of Lar España through Castellana, will review the proposed offer
in detail and analyse its various strategic alternatives.
BofA Securities and Linklaters are acting as financial and legal advisor respectively to Castellana and Vukile.
Further announcements will be made in due course as appropriate.
23 July 2024
Vukile and Castellana contact:
Marijke Coetzee
Marijke.Coetzee@vukile.co.za
+27 82 852 0247
BofA Securities contact:
Juan Vilariño
juan.vilarino@bofa.com
+34 91 514 33 69
JSE sponsor
Java Capital
NSX sponsor
IJG Securities (Pty) Ltd
Date: 23-07-2024 09:15:00
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