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NEWS

ACQUISITION OF WAREHOUSING COMPOUND IN MOZAMBIQUE LEASED BY TWO MULTI-NATIONAL TENANTS WITH DOLLAR UNDERPINNED LEASES

16th February 2016
Contributor: DELTA AFRICA PROPERTY HOLDINGS LIMITED

Shareholders are advised that on 16 February 2016 Delta, through its wholly-owned subsidiary, Delta International Mauritius Limited, entered into an agreement ("Agreement") with Great Lakes Property (Mozambique) Limited ("Seller"), Sonera Foundation ("Sonera"), Hodarihold Limited ("Hodari") and CD Properties Limited ("CD Properties"), in order to amend and revive a share sale agreement ("Initial Sale Agreement") that was previously concluded between the above parties (other than Delta), but which was not implemented.

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