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Disposal of Erf 4743, Noordhoek, Cape Town
TREMATON CAPITAL INVESTMENTS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 1997/008691/06)
Share code: TMT
ISIN: ZAE000013991
Listed in the General Segment of the JSE Main Board
("Trematon" or "the Company")
DISPOSAL OF ERF 4743, NOORDHOEK, CAPE TOWN
1. INTRODUCTION
Trematon shareholders ("Shareholders") are advised that Trematon, through its 87% owned
subsidiary, PropGen Proprietary Limited ("PropGen"), entered into an agreement with Auric Property
Investments Proprietary Limited ("the Purchaser") on 12 March 2026 ("the Agreement"), in terms of
which the Purchaser will purchase the vacant immovable property described as Erf 4743, held under
title deed number T64821/2016, measuring 2.5508 hectares, situated at 6 Silvermine Road,
Noordhoek, Cape Town ("the Property"), for a cash consideration of R19 050 000 ("the
Consideration") ("the Disposal"). The Purchaser is not a related party of the Company. The
Purchaser is a privately held property investment company, the beneficial owner of which is Mr. E
Price.
2. DESCRIPTION OF THE BUSINESS OF THE COMPANY AND PROPGEN
Trematon is an investment holding company, listed in the General Segment of the Main Board of the
JSE Limited ("the JSE"), which invests in assets that it believes to be undervalued, or where Trematon
management can create value that has the potential to achieve its targeted internal rate of return.
PropGen is a property-holding 87%-held subsidiary of the Company, which holds the properties
related to the Company's education business, Generation Education Proprietary Limited ("GenEd").
3. RATIONALE FOR THE DISPOSAL
The board of directors of Trematon ("the Board") has concluded that the only effective way to facilitate
the realisation by Shareholders of the value of their investment in Trematon, and for Shareholders to
achieve liquidity in respect of these shareholdings, is for the Company to dispose of its assets and
distribute the resulting net proceeds. Both PropGen and GenEd form part of "the Generation
Education Group". Shareholders are referred to the cautionary announcement published on 22 May
2026, referring to advanced discussions regarding the potential disposal of the Generation Education
Group. The Property, which comprises vacant land, is excluded from these discussions and,
accordingly, has been disposed of separately.
4. SALIENT TERMS OF THE DISPOSAL
4.1 Effective date of the Disposal
The effective date of the Disposal will be the actual date of registration of transfer of the
Property into the name of the Purchaser at the Deeds Office, Cape Town ("Effective Date").
4.2 Conditions precedent
The Agreement is not subject to any outstanding conditions precedent.
4.3 Consideration and Application of Proceeds
4.3.1. The Consideration is payable in cash, without any deduction or set-off, on the
Effective Date.
4.3.2. The net proceeds of the Disposal attributable to PropGen, after settlement of
associated transaction costs, will be available for distribution to Shareholders in due
course and will further advance the Board's strategy of returning value to
Shareholders.
4.4 Additional Significant Terms of the Agreement
In terms of the Agreement, the Purchaser has agreed and undertaken that the Property shall
not at any future time be used for the purposes of establishing, operating or maintaining any
public or private educational facility or institution of any nature whatsoever and that this
restrictive condition shall be binding on any future owners of the Property. This restrictive
condition shall be registered, simultaneously with the transfer of the Property, on the Title Deed
of the Property by the Deeds Office, Cape Town.
4.5 Warranties and Indemnities
The Agreement provides for such warranties and indemnities between the parties as are usual
in transactions of this nature.
5. FINANCIAL INFORMATION
5.1 The value directly attributable to the Property was R15 025 800.00 as at 28 February 2026,
being the date of the last published interim financial statements for Trematon, which were
prepared in accordance with International Financial Reporting Standards.
5.2 The loss directly attributable to the Property was R7 749.27 for the six months ended 28
February 2026.
6. CATEGORISATION OF THE DISPOSAL
The Disposal meets the definition of a category 2 transaction as contemplated in Section 8 of the JSE
Listings Requirements and is therefore not subject to Shareholder approval.
Cape Town
3 June 2026
Corporate Advisor and Transaction Sponsor to Trematon
Questco Corporate Advisory Proprietary Limited
Date: 03-06-2026 08:15:00
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