YORK TIMBER HOLDINGS LIMITED - Update regarding the acquisitions of additional farms including standing timber

Update regarding the acquisitions of additional farms including standing timber

York Timber Holdings Limited
(Incorporated in the Republic of South Africa)
(Registration number: 1916/004890/06)
Share code: YRK
ISIN: ZAE000133450
("York" or the "Company")

UPDATE REGARDING THE ACQUISITIONS OF ADDITIONAL FARMS INCLUDING STANDING
TIMBER

Shareholders of York ("Shareholders") are referred to the announcement published on SENS on
Wednesday, 5 June 2024 ("Announcement"), wherein Shareholders were advised that the Company,
through its wholly owned subsidiary, York Timbers Proprietary Limited (the "Purchaser"), had entered
into sale agreements ("Agreements") with Stevens Lumber Mills Proprietary Limited (the "Seller")
(collectively, the "Parties") in terms of which the Purchaser had agreed to acquire several properties,
including, inter alia, the standing timber thereon, from the Seller ("Acquisitions").

Shareholders are hereby advised that on 8 and 9 July 2024, prior to the implementation of the
Acquisitions, the standing timber plantations situated on the Farm Boschoff 204 and the Farm Boschoff
Annex 203 (collectively the "Wolkberg Farms"), were destroyed by a fire. Consequently, on
21 August 2024, the Parties entered into an addendum to the relevant Agreements in terms of which
the portion of the Acquisitions relating to the Wolkberg Farms have been removed and implementation
of the Acquisitions will now proceed in respect of the: (i) remaining extent of the Farm Groblersrust 970;
(ii) Farm De Kroon 979; (iii) Farm Kaalfontein 972 and (iv) Farm Boschhoek 978 ("Addendum").

Pursuant to the Addendum, the purchase consideration payable for the Acquisitions has been revised
to an aggregated total consideration of R41.36 million (inclusive of value added tax at zero rate) of
which R15 million has already been paid as a deposit, to be settled in accordance with the terms set
out in the Agreements and the Announcement.

For the avoidance of doubt, all the other terms and conditions as set out in the Announcement remain
applicable to the Acquisitions, save for the timing of financing of the remaining purchase price of
R26.36 million, which is required to be in place by 31 October 2024.


Sabie, Mpumalanga
21 August 2024

Sponsor
One Capital

Date: 21-08-2024 04:25:00
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. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, 
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
 information disseminated through SENS.