Slip Knot Investments 777 (Pty) Limited propose to acquire Property situated at corner of CJ Langenhoven Drive and Cape Road from Delta Property Fund Limited (JSE:DLT) for ZAR 33 million on November 23, 2023. The Disposal Consideration payable for the Property by the Purchaser is R33 million inclusive of VAT at 0%, payable in cash, as follows: (a) ZAR 1.65 million non-refundable deposit payable within 12 hours of joint signature of the Agreement (which has already been paid to Delta?s conveyancers); and (b) ZAR 31.35 million secured by way of guarantees, acceptable to the Seller, which guarantees shall be expressed as payable on registration of the transfer of the Property to the Purchaser. The guarantees are to be delivered within thirty days from the date of signature of the Agreement. The Disposal is subject to the fulfilment of the following conditions precedent: (a) within 10 business days of the signature date of the Agreement (?Signature Date?), the Purchaser shall have provided the Seller with a copy of the resolution of the board of directors of the Purchaser authorising the Purchaser to conclude the transaction on the terms and conditions of the Agreement; (b) within 10 business days of the Signature Date, the board of directors of the Seller (?Board?) shall have passed a resolution authorising the Seller to conclude the Disposal on the terms and conditions of the Agreement; (c) within 60 days after the Signature Date (where applicable), the Seller has followed due process with regard to notification of the Disposal to those tenants under leases, which have the option, right of first refusal and/or right of pre-emption (?Right of First Refusal?) to acquire the Property and each such tenant has waived/or failed to excise its Right of First Refusal within the time period provided for in the relevant lease (d) within 120 days after the Signature Date, the Seller and Purchaser have complied with the JSE Listings Requirements (insofar as may be applicable to this Agreement or to any party), obtained such consents and approvals required and have taken such corporate actions required to approve and ratify the entering into and implementation of the Agreement; and (e) within 120 days after the Signature Date, to the extent necessary, any prior written approval required from the Competition Authorities has been obtained in respect of the implementation of the Disposal, in terms of the Competition Act, evidenced by the issue of a merger clearance certificate.

Slip Knot Investments 777 (Pty) Limited completed the acquisition of Property situated at corner of CJ Langenhoven Drive and Cape Road from Delta Property Fund Limited (JSE:DLT) on May 15, 2024.