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Fri 25 Apr 2008, 15:00 SAT - SA Reit Limited - Non-Fulfilment Of Conditio
SAT
 SAT                                                                             
SAT - SA Reit Limited - Non-Fulfilment Of Conditions Precedent And Withdrawal Of
Cautionary Announcement                                                         
SA REIT LIMITED                                                                 
(formerly Shops for Africa Limited)                                             
(Company registration number 2000/018084/06)                                    
Share code: SAT                                                                 
ISIN code: ZAE000104196                                                         
("SA REIT")                                                                     
NON-FULFILMENT OF CONDITIONS PRECEDENT AND WITHDRAWAL OF CAUTIONARY ANNOUNCEMENT
Shareholders of SA REIT are referred to the joint announcement regarding the    
proposed sale by Super Group Limited and acquisition by SA REIT of a portfolio  
of 11 commercial and industrial properties ("the Transaction") dated 9 April    
2008. Shareholders are advised that certain of the conditions precedent to the  
Transaction have not been fulfilled and therefore the Transaction will not      
become effective.                                                               
Further to the above, shareholders need no longer exercise caution when dealing 
in SA REIT securities.                                                          
Cape Town                                                                       
25 April 2008                                                                   
Investment Bank and Sponsor to SA REIT                                          
Nedbank Capital                                                                 
Date: 25/04/2008 15:00:00 Produced by the JSE SENS Department.                  
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