Variation of Agreement ADRENNA PROPERTY GROUP LIMITED (Registration Number 1998/012245/06) Share Code: ANA ISIN: ZAE000163580 (“Adrenna” or “the Company”) VARIATION OF AGREEMENT Shareholders are referred to the ‘Investment in East Sydney Day Hospital’ announcement released on SENS on 7 September 2018 wherein they were advised that the Company had entered into an agreement with The East Sydney Day Hospital Proprietary Limited (“ESDH”) in terms of which the Company would subscribe for 2 million convertible, redeemable preference shares issued by ESDH for an amount of A$ 2 million (two million Australian dollars) with effect from 1 August 2018 (“Agreement”). Shareholders are advised that the Agreement has been terminated by mutual consent. The A$2 million initial loan advanced to ESDH in anticipation of shareholder approval of the proposed preference share subscription will remain subject to the loan terms agreed at the time of advancement of the cash and the Company will continue to earn interest on this loan at a rate of 12 percent until the loan is repaid in 2021. BY ORDER OF THE BOARD Johannesburg 20 May 2019 SPONSOR Arbor Capital Sponsors Proprietary Limited Date: 20/05/2019 05:07:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.
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