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Publication

DEALMAKERS MAGAZINE

Page

110-119

Date

Fri 01 Dec 2017

AVE (ZAR)

161764.11

GENERAL CORPORATE FINANCE

SHAREISSUES

DESCRIPTION COMPANY NUMBEROFSHARES PRICE/SHARE

QUARTER1

CashIssue Huge AK 17500000 R8,50

RightsIssue PhumelelaGaming&Leisure Gambling 16602230 R139

SpecificIssue RebosisPropertyFund DwersifiedREM 9897292 R10,71

RightsIssue Esor HeavyConstruction 987%357 20,38

RightsIssue LifeHealthcare HealthcareEquipment&Services 367346939 R24,50

RightsIssue DistributionandWarehousingNetwork AK 358129576 R100

SpecificIssue(WarrantsConversion) JubileePlatinum AK 2500000 R0,5284

SpecificIssue CentralRandGold A 936330 £0.03

SpecificIssue LabatAfrica VentureCapital 18333333 20,30

RightsIssue InvestecAustraliaPropertyFund Industrial&Office 11333334 R13,50

PrivatePlacement CoalofAfrica Coal 490075% $0.04

CashIssue TransactionCapital SpecialtyFinance 28400000 R14,75

SpecificIssue Wescoal Coal 87805389 £2.00

PrivatePlacement(IPO) SatrixLBI ExchangeTradedFunds 11389000 R100

PrivatePlacement(IPO) SatrixProperty ExchangeTradedFunds 28117000 R1,00

PrivatePlacement(IPO) PremierFoodandFishing FarmingFishing&Plantation 117000000 R4.50SpecificIssue CapitalAppreciation SpecialtyFinance 290000000 R100

CashIssue Stor-AgePropertyREIT Speciality 37002776 R10,81

SpecificIssue(ConvertibleSecuritiesConversion) CoalofAfrica Coal 240042603 $0,04081

SpecificIssue Vunani AK 10464647 R1,65

CashIssue RebosisPropertyFund DwersifedREM 38339921 R12,65

SpecificIssue BuffaloCoal A 4286908 (4005

PrivatePlacement SpearRE AK 12812211 R930

SpecificIssue(CapAward) RockcastieGlobalRealEstate RealEstateHolding&Development 17653890 R29,81

CashIssue MaraDeltaProperty RealEstateHolding&Development 7111420 $1,6198

PrivatePlacement MaraDeltaProperty RealEstateHolding&Development 3033260 $1.59

SpecificIssue VisualInternational AK 106000000 20,13

VendorPlacement NewEuropePropertyInvestments RealEstateHolding&Development 6849315 R146,00

PrivatePlacement(IPO) SeaHarvest FarmingFishing&Plantation 106333334 R12,50

PrivatePlacement SiriusRealEstate A 25989778 €0,50(R795)

SpecificIssue(CapAward) Hammerson RetailRElTs undisclosed RMA

SpecificIssue(CapAward) Mpact Containers&Packaging 2396891 R30,.40

PrivatePlacement(IPO) PemburyLifestyle AK 140000000 R1,00

SpecificIssue(CapAward) MasRealEstate AW 3449131 R21,05

SpecificIssue(CapAward) GrowthpointProperties DiversifiedRETs 58346176 R25,30

SpecificIssue(CapAward) NewEuropePropertyinvestments RealEstateHolding&Development 5691549 R134,79

SpecificIssue TsogoSin Gambling 81272918 R2746

G »» 110

TOMBSTONEPARTIESTRANSACTION| ANNOUNCEMENT

INVESTMENTADVISER* SPONSOR LEGALADVISER REPORTINGACCOUNTANT VALUE DATE

Questco R148.6m Jan3

InvestecBank InvestecBank Roodt Jan10

JavaCapítal JavaCapítal R106m Jan20

VunaniCorporateFinance VunaniCorporateFinance R3T5n Jan20

RandMerchantBank;BarclaysAfrica RandMerchantBank Alien&Overy(SouthAfrica);WebberWentzel; PWC RSbn Jan20Allen&OveryLLP;Linklaters

InvestecBank InvestecBank;Deloitte White&CaseLLP(SouthAfrica) R358,In Jan25

SasfinCapital R13m Jan25

TaiCorporateFinance MerchantecCapital;BrandonHillCapital undisclosed Jan27

ArborCapitalSponsors R5,5m Jan30

InvestecBank InvestecBank Fuxmans;King&WoodMallesons(Australia) RL,53bn Jan31

InvestecBank $2m Feb1

MacquarieCapital DeutscheSecurities(SA) ENSafrica R418On Feb2

NedbankCIB NedbankC1B R175,6im Feb2

R11,39m Feb6

R28,12m Feb6

PSGCapital;AEEICorporateFinance PSGCapital CliffeDekkerHofmeyr GrantThomton R526,5n Feb13

InvestecBank WebberWentzel & R2%0m Feb16

Questco Questco BakerMcKenzie R400m Feb16

InvestecBank $9,79m Feb17

VunaniCorporateFinance GrindrodBank R In Feb22

JavaCapital JavaCapital R485m Feb23

Questco ($214345 Feb27

PSGCapital PSGCapital R119,15m Feb27

JavaCapital;PerigeumCapital R5263n Feb27

PSGCapital PSGCapital;PerigeumCapital $11,5m Feb28

PSGCapital PSGCapital;PerigeumCapital $4,67m Feb28

ArborCapitalSponsors R13,78m Mar1

JavaCapital;SSIFIntercapitalInvestSA JavaCapital Ribn Mar1

StandardBank;NedbankCIB StandardBank;NedbankCIB CliffeDekkerHofmeyr;WebberWentzel; Deloitte R1,32bn Mar6Allen&Overy(SouthAfrica)

PSGCapital;PeelHunt;CanaccordGenuity PSGCapital £12,99m Mar7

DeutscheSecurities(SA);JavaCapital undisclosed Mar7

RandMerchantBank RandMerchantBank R728im Mar8

ArborCapitalSponsors PaulBamard MooreStephensFRRS R140m Mar0

JavaCapital JavaCapital MPartners R74,2m Mar13

InvestecBank InvestecBank R1,48bn Mar13

SSIFIntercapitalInvestSA JavaCapital;Smith&WilliamsonCorporate RT672m Mar13Finance

InvestecBank InvestecBank R2,23bn Mar14

111 »~ &

SHAREISSUES(Continued)

DESCRIPTION

QUARTER 1 (Continued)

COMPANY NUMBEROFSHARES PRICE/SH ARE

SpecificIssue MFTECIntemational AK 15428529 RL1.00Specificsue InvestecBank PreferenceShares 41M7 R.000SpecificIssue GreenbayProperties Ad 1345031 IEase MasRealEstate A0 H: R21,00

e CentralRandGold Ad 60000000 £0,005ee AMBig50exSA ExchangeTradedFunds 158000 R

MaraDeltaProperty RealEstateHolding&Development asso723 $1.40Tawana Diamonds&Gemstones 702198 souCoverIndustries FarmingFishing&Pantation 482617FairvestProperty RetailRETls 9825791 R1,81

SpecialtyFinance 5000000 R4,00andR5,00

a PreferenceShares R100

JubileePotinum (TCentralRandGold (T

QUAR

ClawBackOffer Taste ApparelRetailers 80000012 RLS0SpecificIssue CoalofAfrica Coal 261287605 20.48CashIssue EchoPolskaProperties RealEstateHolding&Development 118918918 21850SpecificIssue(CapAward) Capital&CountiesPropertiesRealEstateHolding&Development 1653429 m93PrivatePlacement PanAfricanResources GoldMining 291480983 (

SpecificIssue(CapAward) Capital&Regional RetailRET 6135235 R9,61SpecificIssue(CapAward) RedefineInternationalpic DiversifiedREITs 16320324 #91Cashsue TawanaResources Diamonds&Gemstones 60000000 150.25SpecificIssue CentralRandGold AK 4200000 £0.04PrivatePlacement(IPO) AfricanEnergyPartners Ad 40000000 £10.00SpecificIssue AdaptIT ComputerServices 30133 na98Rightsissie SbanyeStater GoldMining 1195787294 R12

Specificsue Yodacom MobileTelecomunications 233450781 R15031SpecificIssue PerburyLifestyle A 32500000 21,00SpecificIssue(CapAward) OctodecInvestments RetailRElls 5304857 222.60SpecificIssue(CapAward) Santov AW 121589 BiSpecificIssue(CapAward) OasisCrescentPropertyFund At 1218466 £20.88SpecificIssue(CapAward) RedefinePropertiesIntemationalDiversifiedRETs T7673855 R10,45CashIssue EmiraPropertyFund DiversifiedRTs 2613384 amoSpecificIssue(CapAward) GreenbayProperties A0 115613498 HECashIssue SpearRET (G 29300000n9 50SpecificIssue(CapAward) DipulaIncomeFund RealEstateHolding&Development 1.918576'A'and1918686'&' 29.65andR11,05

* InvestmentAdvisersincludeMerchant& InvestmentBanksandothersclaimingthiscategory

O 0

D O 4 AD O 4 D

-MerchantecCapital_ R1G9,im Mar15y e A R341,Im Mar15

JavaCapital Cale ;PerigeumCopit R2bn Mar16JavaCapital _|_ JaeCGptal|___ ___ R1,75bn Mar17TaiCorporateFinance |- MerchantecCapíta;BrandonHilCapital_- £300000 Mar23VunaniCorporateFinance VonaniCorporateFinance " |" une Mar27PSGCaptal PSGCapital;PerigeumCaptatSBMSecurties| | $138.4m Mer28

PwCCorporateFinance e Nj '' Aim Mar28RandMerchantBankcUGSecuritiesWerksmans il + Mn Mer24PSGCapital e 7 Mar31

InvestecBankcStandardBank InvestecBank:StandardBank ENSafica;Webber Wentrel Deloitte Mar31Questco R1134m over1stquarter

SastinCapital:SparkAdvisoryPartners; over1stquarterTaiCoporateFinance MerchantecCapital £194950 over1stquarter

MerchantecCapital MerchantecCapital &vershedsSutherland R120m AprdQiniseleResources;PeelHunt InvestecBankcPeelHunt R125 hJavaCapital JavaCapital MPartners R2,Jin Apr5

MerrilLynch(SA) WebberWentrs;Lindaters RS1L,55n Apr7StandardBankRandMerchantBank;Hannam StandardBankOneCapítat;BMOCapital RTOSn Apr12andPartners;PeelHunt;NumisSecurities Markets;NumisSecurities

JavaCapital R58,.06m Apr13CanaccordGenuity JavaCapital RSG45n Apr28

PwCCorporateFinance K15m Apr28TaiCorporateFinance MerchantecCapital;BrendonHilCapital £168000 May?Questco Questco Bowmans Deloitte R4OOm May9

MerchantecCapital GarickeandBousfield R30,85m May10RandMerchantBank;MorganStanley(SA);Citigroup| JPMorgan(SA) ENSafrica;Bownans;Linaters; $1,tbn May12GlobalMarkets(SA);CitigroupGlobalMarkets(In}; Shearman&Sterfing(London)HSBCBankpic;MorganStanley(Int)

GoldmanSachs(SA);UBS(SA) NedbankC18;UBS(SA) ENSafica;CiffeDekkerHofmeyr;WebberWentrel R34,Gin May16ArborCapitalSponsors May16

JavaCapital JavaCapital R1203n May16RiverGroup RiverGroup 344m May17

PSGCapital R544m May19JavaCapital JavaCapital R811,60m May23MacquarieCapital Questco Allen&Overy(SouthAfrica) PC ©364.23n May23

JavaCapital;PerigeumCapital RiSm May29PSGCapital PSGCapital R280m May29JavaCapítal JavaCapítal R39,In May30

SHAREISSUES(Continued)

DESCRIPTION

QUARTER2 (Continued)

COMPANY NUMBEROFSHARES PRICE/SHARE

CashIssue GreenbayProperties At 591397849 RLSVendorPlacement BlueLabelTelecoms MobileTelecomunications 193333 R15,00SpecificIssue PemburyLifestyle AK 20000000 20.90SpecificIssue Stenprop RealEstateHolding&Development 3270500 £1.07CashIssue FerrumCrescent Stea minim £0,007SpecificIssue(CapAward) ( e RetailRET 21581475 R18,16SpecificIssue(CapAward) SafariInvestmentsRSA RetailRETs 375337 87.60SpecificIssue(CapAward) LifeHealthcare HealthcareEquipment&Services 8450256 R636VendorPacement IndluplaceProperties ResidentialRETTs 47263681 R10.O5SpecificIssue BuffaloCoal AK 404148 (SOSSpecificIssue(CapAward) Finbond Banks 15874409 m»SpecificIssue(CapAward) Stor-AgePropertyREVT SpecialityRETTs 225675 R130PrivatePlacement(PO) AEPEnergyAfrica AK 40000000 ALLCashIssue SACorporateRealEstateFund RetailRE's 113207547PrivatePlacement(IPO) SatrixMSCEmergingMarkets ExchangeTradedFunds 415725001APrivatePlacement(IPO) SatrixMSCIWorld ExchangeTradedFunds 24970000Ia R100PrivatePlacement(IPO) SatrixSEP500 ExchangeTradedFunds 23679.000IASpecificIssue(Cap Award) BraitSF InvestmentServices undisclosed R&237SpecificIssue Ecsponent PreferenceShares 7.0005115085,2038818", R100

872189C5,612417'C"prefs

VendorPlacement SpearREIT AN 19220191 89,50

SpecificIssue SafariInvestmentsRSA RetailRETTs 20000000 27,60SpecificIssue(CapAward) SiriusRealEstate A 791787 motPrivatePlacement(IPO) RHBophelo SpecialityRetailers 50000000 £10,00RightsIssue Sygnia AssetManagers umis RS,00RightsIssue AdvancedHealth AW 6637363 R130PrivatePlacement(IPO) CASales 4AX 136112994 R80

RightsIssue HospitalityPropertyFund SpecialtyRETls 71428571 R14,00CashIssue VuilePropertyFund RetailRE 34574468 £18.80SpecificIssue RedefineInternationalpic DiversifiedRETs 27,10CashIssue EquitesPropertyFund RetailRElis 59020730 R120PrivatePacement SiriusRealEstate [ 30888185 msSpecificIssue SpearRENT AK 15675740 R10,00CashIssue FoschiniGroup ApparelRetailers 17241380 R145,00

CashIssue GreenbayProperties A 2197591333 R197

SpecificIssue(CapAward) Mpact Containers&Packaging 309372 R41,66

SpecificIssue(CapAward) Capital&Regional RetailRETTs 3498025 R8

SpecificIssue(CapAward) Mpact Containers&Packaging 519372 R414

* InvestmentAdvisersincludeMerchant& InvestmentBanksandothersclaimingthiscategory

TOMBSTONEPARTIESTRANSACTION| ANNOUNCEMENT

INVESTMENTADVISER* SPONSOR LEGALADVISER REPORTINGACCOUNTANT VALUE DATE

JavaCapital JavaCapital;PerigeumCapital R1,tbn May30

InvestecBank InvestecBank Werksmans PwC R2,75bn Jn1

ArborCapitalSponsors Rigm Jun2E JavaCapital Am Jn7

StrandHanson BravuraCapital;BeaufortSecurities £25521 Jn$

JavaCapital JavaCapital R391,92m kn12

PSGCapítal PSGCapítal R2,85n Jun19

RandMerchantBank R222,78n Jun20

JavaCapital JavaCapital CliffeDekkerHofmeyr R4T5m Jn20

Questco C221207 Jun20

GrindrodBank R522m Jn23

Questco Questco R25,16m Jn2?

Questco Questco Bowmans Deloitte R52,55m Jun28

BarclaysAfrica BarclaysAfrica;NedbankC18 Bowmans R600m Jun29

R41,57m Jun24

R24,97m Jun29

R23,68n Jun29

RandMerchantBank MPartners undisciosed Jun30

Questco R163,86m over2ndquarter

PSGCapital PSGCapital R182,6m Ju3TenureyBSM PSGCapital R152 Jud

PSGCapital R71.2im Ju4ThirdWayInvestmentPartners;BirkettStewartMcHendrie| Deloitte [ Deloitte R500m Jas

PwCCorporateFinance;NedbankC18 WebberWentrel R1GOm JitGrindrodBank R86,29m Juit

R610,5m Ju11JavaCapital JavaCapital MC Ribn Ju13JavaCapital JavaCapital;UGSecurities R&SOm Jul18

JavaCapital 1825,6n Jul19JavaCapital JavaCapital R1,02bn Jul27PSGCapital;PeelHunt;Berenberg PSGCapital €25n Jul28PSGCapital PSGCapital R156,8n Jul31RandMerchantBank;MorganStanley(S); RandMerchantBankUBS(SA) ENSafrica:Bownans;Shearman&Stering [ES Aug1MorganStanley(Int) (London)LLP;FreshfieldsBruckhausDeringerLLPJavaCapital JavaCapital;PerigeumCapital R4Sbn Aug8

RandMerchantBank R15Sin Aug8JavaCapital R34,6m Aug10RandMerchantBank R1SSim Aug22

SHAREISSUES(Continued)

DESCRIPTION COMPANY NUMBEROFSHARES PRICE/SHARE

QUARTER3 (Continued)

CashIssue ResiientRest RetailRETTs 19831529 R126,00

SpecificIssue ResiientReit RetailRETls 1983262 £126.00

SpecificIssue(CapAward) NEPIRockcastle RealEstateHolding&Development 9305725 R173,23

PrivatePlacement(IPO) AfricanRainbowCapitalInvestments SpecialtyFinance 505882353 R8,50

SpecificIssue(CapAward) Capital&CountiesProperties RealEstateHolding&Development 443695 R&S12SpecificIssue(CapAward) GrowthpointProperties DiversifiedRETs 45739890 R240

PrivatePlacement(IPO) SatrxQualitySA ExchangeTradedFunds 24685000 R100

PrivatePlacement(IPO) SteinhoffAfricaRetail BroadiineRetailers 800000000 R20,50

SpecificIssue(CapAward) FairvestProperty RetailRET 12289474 R191

SpecificIssue Omnia SpecialtyChemicals 652328 R144,00CashIssue AtlanticLeafProperties AK 46305419 R17,60

SpecificIssue(CapAward) MasRealEstate AQ 6250082 RS0,51

CashIssue MasRealEstate AK T7647058 R25,50SpecificIssue(CapAward) RandMerchantInvestment EquityInvestmentInstruments 12160153 R38,.00

PrivatePlacement(IPO) Sight AK 56.439475 £2.00

SpecificIssue Trustco SpecialtyFinance 58823529 N§4,25

SpecificIssue(LoanNoteConversion) KiboMining AK 31000000 £0.05

PrivatePlacement(IPO) Braimorks EquityInvestmentInstruments 27523.%1 R11,50

SpecificIssue(ADRConversion) BritishAmericanTobacco Tobacco 15035 undisclosedSpecificIssue Ecsponent PreferenceShares 31500A*,114110", 512B*, £100

QUARTER4

187455'&"',196730'8*",10320'*',365740'C"',262200(*.preis

SpecificIssue BuffaloCoal (T imm GOYCashIssue NEPIRockcastle RealEstateHolding&Development 29541215 R177,00

RightsIssue SDIO SpecialisedConsumerServices 256000011 R2,50PrivatePlacement(IPO) AshburtonGlobal1200Equity ExchangeTradedFunds 31057000IA R100

Specificbsue TransHex Diamonds&Gemstones 9444444 M4CashIssue SuperGroup TransportationServices 12422360 R40,25

CashIssue AtlanticLeafProperties AK 16291986 R17,60

SpecificIse CentralRandGold m 1071428566 £0.07

_VendorPacement Sgt " 17500000 T]| _ ConduitCapital SpeciaitryFinance 17500000 T"

In Bang Accentuate A8 3000000 80.75

tatie HomeImprovementRetailers 135985156 MLSTStor-AgePropertyRET SpecialityREVT 110977620 R1L50TewanaResources Diamonds&Gemstones ST142857 AS035Longdlite SpecialtyFnance undsckosed undisclosed

* InvestmentAdvisersincludeMerchant& InvestmentBanksandothersclaimingthiscategory

INVESTMENTADVISER*

TOMBSTONEPARTIES

SPONSOR LEGALADVISER REPORTINGACCOUNTANTTRANSACTION

VALUEANNOUNCEMENT

DATE

JavaCapital R249,89m Aug22

JavaCapital R1,61bn Aug23

RandMerchantBank RandMerchantBank WebberWentzel;DLAPperSouthAfrica; PW R4,3bn Aug28LinklatersLLP;BLCRobert

MerillLynch R20m Aug29InvestecBank InvestecBank R1,L1bn Aug23

VunaniCorporateFinance R24,69m Sep1

RandMerchantBank;StandardBank;InvestecBank; PSGCapital CliffeDekkerHofmeyr;GirardHayward; Detoitte R16,4bn Sep4CitigroupGlobalMarkets(SA);JPMorgan(SA); Bowmans;LinklatersLLP:FreshfieldsMorganStanley(SA);PSGCapital;CitiGroupGlobalMarket(Int);JPMorgan(Int);MorganStanley(Int)

PSGCapital R23,42m Sep5

MerchantecCapital RQ4m Sep13JavaCapital JavaCapital;PerigeumCapital R815m Sep13

JavaCapital R315,69m Sep13

JavaCapítal JavaCapítal R1,98bn Sep14DeutscheBank(SA) DeutscheSecurities(SA) WebberWentzel R462,im Sep19

ArborCapítalSponsors CliffeDekkerHotmeyt NexiaSABAT R112,88m Sep21DEA-RU;EffortiessCorporateFinance ArborCapitalSponsors;SimonisStormSecurities 800;800Namibia N§250m Sep26

RiverGroup RiverGroup £1,55m Sep27

Questco Questco Bowmans;EvershedsSutherland PC R316,53m Sep28

UBS(SA) undisciosed Sep29Questco R116,86m over3rdquarter

($214710

JavaCapítal JavaCapítal

PSGCapítal PSGCapital;QuestcoBridgeCapital

Questco OneCapital Bownars MC

InvestecBank DeutscheSecurities(SA) R500m Od13R286,74m Oct17

PeterhouseCorporateFinance;BeaumontComish rum“ £750000 Oct19

ArborCapitalSponsors R35m Oct20

MerchantecCapital MerchantecCapital CliffeDekkerHofmeyr R350m Oct20

BridgeCapital RMm Oct23

MerchantecCapital MerchantecCapital HoganLovells(SouthAfrica) RL57bn Oc23InvestecBank InvestecBank;Questco R1,3bn Oct24

PCCorporateFinance AS20m Oct25

StandardBank StandardBank ENSafrica R10,n Oct25

SHAREISSUES(Continued)

12500000

16218190

14458339

67567568

26666666

37501366

370499858

37000000

18700000

9090909

33046121

1212304

1237653

9050000

442722273

49545454

2496630

706202'&'and706182'&'

127775571

1824062

14589693

265000000

875741

21689060

9951178

SpecificIssue(CapAward)SpecificIssue(CapAward)SpecificIssue(CapAward)SpecificIssue

RightsIssue

CashIssue

SpecificIssue

750000000

6842608

150568132IA

12126352

30973451

1250000'B'preis

99782655

MalanScholesMPartnersENSaticaHoganLovells(SouthAfrica);KirshSecuritiesLawProfessional;StikemanEliottLLP

CliffeDekkerHofmeyr

CliffeDekkerHofmeyr;Allen&Overy(SouthAfrica)