Vukile /MICC - Offer Consideration Increased
Vukile Property Fund Limited
(Incorporated in the Republic of South Africa)
Registration number 2002/027194/06
JSE code: VKE & ISIN: ZAE000056370
("Vukile")
MICC Property Income Fund Limited
(Incorporated in the Republic of South Africa)
(Registration number 2003/013404/06)
JSE code: MCP NSX code: MCO
("MICC")
("the companies")
OFFER CONSIDERATION INCREASED
Vukile and MICC unitholders are referred to the announcement dated 16 February
2006 giving details of Vukile"s offer to acquire all of the linked units in MICC
("the offer") which it does not already hold for a cash consideration of 862
cents per MICC linked unit ("the offer consideration"). Following the
aforementioned announcement, the companies published an announcement on 3 March
2006 in terms of which Vukile extended the offer period by two weeks.
Due to the lengthy period of time taken to conclude the offer, from the date of
Vukile"s announcement on 9 December 2005 of its firm intention to make an offer,
and to fairly compensate MICC unitholders for this extended process, Vukile has
decided to offer an additional amount to MICC unitholders, in the form of
interest on the offer consideration, in the amount of 22.1 cents per MICC linked
unit, thereby increasing the amount receivable by MICC unitholders who accept
the offer from 862 cents to 884.1 cents per MICC linked unit. All MICC
unitholders who have already accepted the offer will be entitled to receive this
revised consideration.
Johannesburg
9 March 2006
Corporate advisor and Sponsor to Vukile: Bridge Capital Services (Pty) Limited
Sponsor to MICC: Bridge Capital Services (Pty) Limited
Namibian sponsor to MICC: Irwin, Jacobs, Greene & Associates (Pty) Limited,
Member of the NSX
Date: 09/03/2006 08:01:14 AM Produced by the JSE SENS Department
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