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Thu 22 May 2008, 16:56 PAP / IFR - Pangbourne Properties Limited / iFour
IFR   PAP
IFR   PAP                                                                       
PAP / IFR - Pangbourne Properties Limited / iFour Properties Limited -          
Registration of court order                                                     
Pangbourne Properties Limited                                                   
(Registration No. 1987/002352/06)                                               
Share Code: PAP                                                                 
ISIN Code: ZAE000005252                                                         
("Pangbourne")                                                                  
iFour Properties Limited                                                        
(Registration No. 2001/016118/06)                                               
Share Code: IFR                                                                 
ISIN Code: ZAE000039236                                                         
("iFour")                                                                       
REGISTRATION OF COURT ORDER                                                     
iFour linked unitholders are advised that a notarially certified copy of the    
Order of Court sanctioning the scheme of arrangement was registered with the    
Registrar of Companies on 21 May 2008. Accordingly, all the conditions precedent
to the scheme have been fulfilled. The salient dates regarding the              
implementation of the scheme of arrangement are as set out in the announcement  
released on SENS on 20 May 2008 and published in the press on 21 May 2008.      
22 May 2008                                                                     
Corporate advisor, legal advisor and sponsor to Pangbourne and transaction      
sponsor to iFour                                                                
Java Capital (Proprietary) Limited                                              
Sponsor to iFour                                                                
PricewaterhouseCoopers Corporate Finance (Proprietary) Limited                  
Attorneys to the scheme                                                         
Fluxmans Inc.                                                                   
Date: 22/05/2008 16:56:01 Produced by the JSE SENS Department.                  
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