Tsundzukani Mhlanga has been appointed as the Financial Director of Ascension Properties Limited (Ascension), effective 18 January 2016.

Kameel Keshav, currently the CFO of Rebosis, was appointed CEO of Ascension Properties Limited, effective 01 October 2015. He continues as the CFO of Rebosis.

Jeremy de Villiers is Secretary & Executive Director at Ascension Properties Limited, Independent Non-Executive Director at SilverBridge Holdings Limited, a Managing Director at Cape Empowerment Trust Limited, and a Managing Director & Executive Director at Cape Empowerment Limited.

Christoffel Nissen is the Chief Executive Officer of Umoya Fishing Limited. Nissen also serves as Chairman of Boschendal Limited and as Chairman of the South African Maritime Safety Authority.

Delta and Rebosis Property Fund ("Rebosis")(together"the Funds") today jointly announced the amicable conclusion of merger talks and the settlement of their bid for the linked units and assets of Ascension Properties Limited ("Ascension").

Rebosis Property Fund ("Rebosis") that it has acquired Delta Property Fund's ("Delta") entire holding of linked units in Ascension Properties Limited ("Ascension").