26 Aug - 2 min read

Update announcement - acquisition of four retail shopping centres in France and withdrawal of cautionary

Update announcement - acquisition of four retail shopping centres in France and withdrawal of cautionary

(Incorporated in the Republic of Mauritius on 14 August 2014)
(Registration number C124756 C1/GBL)
SEM share code: GFP.N0000
JSE share code: LTE
ISIN: MU0461N00015
LEI: 549300UG27SWRF0X2U62
("Lighthouse" or the "Company")


On 27 July 2021, Lighthouse announced the acquisition of a portfolio of four French retail shopping centres (the
"Portfolio") from Wereldhave Retail France SAS ("WRF"), subject to the finalisation of funding and structuring
with the flexibility to introduce co-investors to WRF. Pending the finalisation of these details, Lighthouse remained
under cautionary as it had not yet determined the extent of the Company's investment in the Portfolio.

As Lighthouse has now finalised its equity raise undertaken on 12 August 2021, the Company advises that its
preference is to acquire a 75% interest in the Portfolio, which amendment has been agreed with WRF, but subject to
a third party acquiring the balance of the Portfolio. WRF reached agreement with Resilient REIT Limited
("Resilient") with regard to the acquisition by Resilient of a 25% interest in the Portfolio, subject to exchange control
approval and WRF supervisory board approval. Should Resilient obtain these approvals, Lighthouse will reduce its
investment in the Portfolio accordingly. The Company will implement its 75% acquisition via an entity newly
incorporated in France, on the same remaining terms as previously announced.

The Lighthouse group pro forma gearing after acquisition of the Portfolio is expected to be circa 14%.

In light of the disclosure contained in this announcement, shareholders are no longer advised to exercise caution
when dealing in their Lighthouse shares.

The Company has primary listings on both the Official Market of the Stock Exchange of Mauritius Ltd ("SEM") and
the Main Board of the JSE Limited ("JSE").

By order of the Board

26 August 2021

This notice is issued pursuant to the JSE Listings Requirements, SEM Listing Rules 11.3 and Rule 5(1) of the Securities
(Disclosure Obligations of Reporting Issuers) Rules 2007. The Board of Directors of the Company accepts full responsibility for
the accuracy of the information contained in this announcement.

     JSE sponsor and corporate                SEM authorised representative
              advisor                                 and sponsor                              Company Secretary
            Java Capital                           Perigeum Capital                       Interncontinental Trust Ltd
        Tel: +27 11 722 3050                      Tel: +230 402 0890                           Tel: +230 403 0800

Date: 26-08-2021 05:01:00
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