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Thu 1 Oct 2009, 13:12 PMM / OCT - Premium / Octodec - Opening Of Partial Offer
OCT   PMM
OCT   PMM                                                                       
PMM / OCT - Premium / Octodec - Opening Of Partial Offer                        
Premium Properties Limited                                                      
(Incorporated in the Republic of South Africa)                                  
(Registration number 1994/003601/06)                                            
Share Code: PMM & ISIN Code: ZAE000009254                                       
("Premium")                                                                     
Octodec Investments Limited                                                     
Incorporated in the Republic of South Africa)                                   
(Registration number 1956/002868/06)                                            
Share Code: OCT & ISIN Code: ZAE000005104                                       
("Octodec")                                                                     
Opening of partial offer                                                        
Further to the Salient Dates and Times announcement released on SENS on         
Friday, 11 September 2009 and the Results of General Meeting announcement       
released on SENS on Tuesday, 29 September 2009, Premium linked unitholders      
are advised that all the conditions precedent to the partial offer have been    
fulfilled. Accordingly, the partial offer has become unconditional and will     
open from the commencement of business on Friday, 2 October 2009.               
Pretoria                                                                        
1 October 2009                                                                  
Investment bank                Legal advisor                                    
and sponsor                                                                     
(Nedbank Capital logo)         (Tugendhaft Wapnick Banchetti                    
and Partners logo)                                
Date: 01/10/2009 13:12:01 Produced by the JSE SENS Department.                  
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