DIV
DIV
Diversified Property Fund Limited - General Issue Of Linked Units For Cash
Diversified Property Fund Limited
(Incorporated in the Republic of South Africa)
Registration number 2005/029685/06
Share code: DIV ISIN: ZAE000072369
("Diversified" or "the company")
GENERAL ISSUE OF LINKED UNITS FOR CASH
Linked unitholders are advised that Diversified has completed a general issue of
5 882 352 linked units for cash at R8.50 per unit in terms of a general
authority granted by unitholders on 4 October 2006. In total, R50 million was
raised on 16 March 2007 and will be applied against debt. The additional units
have been listed with effect from 20 March 2007 and will increase the number of
units in issue from 139 611 389 to 145 493 741. The additional units will rank
pari passu with existing units including the right to a distribution for the
period 1 January 2007 to 30 June 2007. The issue price of R8.50 per unit
includes a cum distribution portion of 14 cents. The issue price represents a
3.0 % discount to the 30-day volume weighted average price at 7 March 2007
(being the date on which the directors determined the issue price) and a 4.6 %
discount compared to the ex-distribution price.
PRO FORMA FINANCIAL EFFECTS
The issue for cash had no material effect on distribution per unit and
accordingly, financial effects have not been disclosed.
Johannesburg
20 March 2007
Sponsor
Java Capital (Proprietary) Limited
Date: 20/03/2007 17:04:09 Produced by the JSE SENS Department.
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