Coffee Shop At Tyres Close Corporation propose to acquire Sediba & Fountain from Delta Property Fund Limited (JSE:DLT) for ZAR 19.1 million on September 29, 2023. The Property One Disposal Consideration is R19.1 million exclusive of VAT, payable in cash, as follows: (a) ZAR 1.305 million non-refundable deposit (which has already been paid to Delta?s conveyancers); and (B) ZAR 17.795 million secured by way of guarantees to Delta, which guarantees are to be delivered within fortyfive days from the date of signature of Sale Agreement One. The Disposals are subject to fulfilment (or waiver, as the case may be) of the following conditions precedent: (a) within 10 business days of signature of Sale Agreement One (?Signature Date One?), Purchaser One shall have provided Delta with a copy of the resolutions of the board of directors of Purchaser One authorising Purchaser One to conclude the Property One Disposal on the terms and conditions of Sale Agreement One; (b) within 10 business days of Signature Date One, the board of directors of Delta shall have passed a resolution authorising Delta to conclude the Transaction on terms and conditions of Sale Agreement One; (c) within 60 calendar days of Signature Date One, Delta has followed due process with regard to the notification of the Property One Disposal to those tenants under leases which have the option, right of first refusal and/or right of pre-emption (hereinafter ?Right of First Refusal?) to acquire Property One and each such tenant has waived and/or failed to exercise its Right of First Refusal within the time period provided for in the relevant lease; (d) within 120 calendar days after Signature Date One, the parties have complied with the JSE Listings Requirements (insofar as this may be applicable to Sale Agreement One or to any party), obtained such consents and approvals required (including, if applicable, shareholder approval) and have taken such corporate actions required to approve and ratify the entering into and implementation of Sale Agreement One; and (e) 120 calendar days after Signature Date One, to the extent necessary, any prior written approval required from the Competition Authorities has been obtained in respect of the implementation of the Property One Disposal, in terms of the Competition Act, No 89 of 1998 (?Competition Act?) evidenced by the issue of a merger clearance certificate.

Coffee Shop At Tyres Close Corporation completed the acquisition of Sediba & Fountain from Delta Property Fund Limited (JSE:DLT) on May 15, 2024.