Killarney Mall Disposal
TransactionMaterial
In brief
All conditions precedent have been met and ownership of Killarney Mall was transferred to AJPG Property 1 Proprietary Limited on 2 November 2026 for R397.5 million. Proceeds will be used to reduce debt and fund strategic priorities.
The announcement
Killarney Mall Disposal OCTODEC INVESTMENTS LIMITED (Incorporated in the Republic of South Africa) (Registration number 1956/002868/06) JSE share code: OCT JSE alpha code: OCTI ISIN: ZAE000192258 LEI: 3789I36JI0BKTUSZ8813 (Approved as a REIT by the JSE) ("Octodec" or "the Company") KILLARNEY MALL DISPOSAL Shareholders and noteholders are referred to the announcement released on SENS on 24 February 2026 relating to the disposal of Killarney Mall. As previously announced, Octodec entered into a sale of shares and claims agreement with AJPG Property 1 Proprietary Limited ("Purchaser"), in terms of which the Company would dispose of 100% of the shares and claims in its wholly owned subsidiary, Killarney Mall Properties Proprietary Limited (“Killarney Mall”), to the Purchaser for a consideration of R397.5 million, subject to the fulfilment of certain conditions precedent and agreed adjustments (“the Transaction”). Shareholders and noteholders are hereby advised that all the conditions precedent for the implementation of the Transaction, including the receipt of the Competition Commission’s approval, have been timeously fulfilled. Ownership of Killarney Mall was transferred to the Purchaser on 2 November 2026. The proceeds will be used, inter alia, to pay down borrowings and execute on strategic priorities. 5 November 2026 Equity and debt sponsor Nedbank Corporate and Investment Banking, a division of Nedbank Limited Date: 05/11/2026 08:26:00 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.