Rockcastle announces an equity raising of approximately ZAR1 billion through the issue of new ordinary shares.

The equity raise is subject to the requirements of the Company’s Constitution, the Listings Requirements of the JSE and the Listing Rules of the Stock Exchange of Mauritius Ltd.

The equity raised will be utilised to fund acquisitions, including the recently announced acquisitions of the Karolinka Shopping Centre in Opole and the Pogoria Shopping Centre in Dabrowa Gornicza, both situated within Poland.

The equity raise will be offered to qualifying investors through an accelerated book build process conducted on the JSE and SEM.