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No intention to bid regarding Capital & Regional plc and withdrawal of cautionary announcement
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")
NO INTENTION TO BID REGARDING CAPITAL & REGIONAL PLC AND WITHDRAWAL OF
CAUTIONARY ANNOUNCEMENT
Shareholders are referred to the announcement made on 23 May 2024, in relation to a possible offer for Capital &
Regional plc ("Capital & Regional") by Vukile, which was submitted to Capital & Regional on 19 April 2024. Vukile
has engaged with Capital & Regional's largest shareholder, Growthpoint Properties Limited ("Growthpoint"), which
controls approximately 68.1% of its share capital, to evaluate the potential terms and structure of a possible offer.
However, Vukile has not been able to reach agreement with Growthpoint as to the terms and structure of any possible
offer and therefore confirms that it does not intend to make an offer under Rule 2.7 of the Code.
This is a statement to which Rule 2.8 of the Code applies.
For the purposes of Rule 2.8 of the Code, Vukile reserve the right, either together or individually, to announce or
participate in an offer or possible offer for Capital & Regional and/or to take any other action which would otherwise
be restricted under Rule 2.8 of the Code within 6 months after the date of this announcement in the following
circumstances described in note 2 to Rule 2.8 of the Code: (i) with the consent of the Board of Capital & Regional;
(ii) if a third party announces a firm intention to make an offer for Capital & Regional; (iii) if Capital & Regional
announces a Rule 9 waiver proposal (see Note 1 of the Notes on Dispensations from Rule 9) or a reverse takeover (as
defined in the Code); or (iv) if the Panel determines there has been a material change of circumstances.
Vukile, and any person acting in concert with Vukile, reserves the right to acquire and/or offer to acquire Capital &
Regional shares or interests in Capital & Regional shares subject to and in accordance with Rule 2.8 of the Code.
As the company does not intend to make an offer, caution is no longer required to be exercised by shareholders when
dealing in securities of the company.
28 May 2024
Financial Advisor and JSE Transaction Sponsor NSX sponsor
Merrill Lynch South Africa t/a BofA Securities IJG Securities (Pty) Ltd
Date: 28-05-2024 01:15:00
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