07 Jul - 4 min read

Accelerated book build and availability of investor presentation

Accelerated book build and availability of investor presentation

(Incorporated in the Republic of South Africa)
(Registration number 2013/080877/06)
Share code: EQU
Debt company code: EQUI
ISIN: ZAE000188843
(Approved as a REIT by the JSE)



Equites announces an equity raise targeting approximately R500 million to be implemented through an
accelerated book build process (the “book build”) subject to pricing acceptable to Equites.

The book build is now open and Equites reserves the right to close it at any time and to increase the size of
the equity raise subject to demand.

Pricing and allocations will be announced as soon as is reasonably practicable following the closing of the
book build.

The new shares, when issued, will be credited as fully paid and will rank pari passu in all respects with existing

An overview of the Equites business and the intended use of funds raised pursuant to the book build is
available at https://www.equites.co.za/investor-community/investors-documentation/.

Java Capital is acting as sole bookrunner.

Java Capital contact details:

 Andrew Brooking                          Thys de Beer
 Equites@javacapital.co.za                Equites@javacapital.co.za
 Tel: (083) 642 0113                      Tel: (083) 351 7683

7 July 2021

Bookrunner and sponsor
Java Capital

Debt Sponsor
Nedbank Corporate and Investment Banking, a division of Nedbank Limited

The equity raising is not an offer to the public as contemplated under the South African Companies Act, No.71
of 2008 as amended (“Companies Act”), nor an offer of securities in any other jurisdiction. Participation in
the equity raise is reserved for invited investors only and subject to the terms and conditions provided to the
invited investors. Potential investors are only permitted to apply for shares with a minimum total acquisition
cost, per single addressee acting as principal, of greater than or equal to ZAR1 000 000, unless the potential
investor is a person, acting as principal, whose ordinary business, or part of whose ordinary business, is to
deal in securities, whether as principal or agent (in reliance on Section 96(1)(a)(i) and 96(1)(b) of the
Companies Act) or such applicant falls within one of the other specified categories of persons listed in section
96(1) of the Companies Act.

This announcement is not for publication or distribution or release, directly or indirectly, in the United States
of America (including its territories and possessions, any state of the United States and the District of

This announcement does not constitute or form part of an offer or solicitation of an offer to purchase or
subscribe for securities in the United States or any other jurisdiction. The securities referred to herein have
not been and will not be registered under the United States Securities Act of 1933, as amended (the “Securities
Act”), and may not be offered or sold, directly or indirectly, in the United States, absent registration or an
exemption from, or transaction not subject to, the registration requirements of the Securities Act. No public
offering of securities is being made in the United States. Neither this announcement nor any copy of it may be
taken, transmitted or distributed, directly or indirectly in or into the United States, Canada, Australia or

This announcement is for information purposes only and in member states of the European Economic Area
(other than the United Kingdom) is directed only at persons who are qualified investors (as defined in article
2(1)(e) of EU directive 2003/71/EC (the “Prospectus Directive”) and the relevant implementing rules and
regulations adopted by each Member State). In the United Kingdom, this announcement is directed only at
the following persons: investment professionals falling within article 19(5) of the Financial Services and
Markets Act 2000 (Financial Promotion) Order 2005 (the “Order”); and high net worth entities, and other
persons to whom it may lawfully be communicated, falling within article 49(2)(a) to (d) of the Order.

This announcement has been issued by and is the sole responsibility of Equites. No representation or warranty
express or implied, is or will be made as to, or in relation to, and no responsibility or liability is or will be
accepted by Java Capital or by any of their respective affiliates or agents as to, or in relation to, the accuracy
or completeness of this announcement or any other written or oral information made available to or publicly
available to any interested party or its advisers, and any liability therefore is expressly disclaimed.

Date: 07-07-2021 07:51:00
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