Osiris Properties International Ltd. – Name Change Update

Hamilton, Bermuda – 28 May, 2014 – In a filing with the Bermuda Stock Exchange (“BSX”), Osiris Properties International Ltd. (the “Company” or “Osiris”; Ticker: OPI.BH), today released an update regarding the timetable for the name change of the Company. The filing stated:

“UPDATE REGARDING CHANGE OF COMPANY NAME, REDENOMINATION OF THE COMPANY’S CURRENCY, CHANGE OF YEAR END AND APPOINTMENT OF NEW DIRECTOR

1.         UPDATE REGARDING CHANGE OF COMPANY NAME AND REDENOMINATION OF THE COMPANY’S CURRENCY

Shareholders are referred to the results of the special general meeting announcement released on the Bermuda Stock Exchange (“BSX”) website and on the Stock Exchange News Service (“SENS”) on 12 May 2014 and are advised that, with effect from 22 May, 2014:

•           the name of the company is “Delta International Property Holdings Limited”; and

•           the currency of the company is United States Dollar.

The change of company name has been registered with the Registrar of Companies in Bermuda. The company’s abbreviated JSE name, ISIN and share codes on the BSX and the JSE will change as a result of the change of name of the company.

2.         SALIENT DETAILS AND TIMETABLE

The salient details and dates relating to the change of company name, change of the abbreviated JSE name, change of ISIN and change of the company’s share codes are set out in the table below. The dates are applicable to shareholders on the Bermuda and South African share registers.

Last day to trade on the BSX and the JSE under the name: “Osiris Properties International Limited”, the abbreviated JSE name: “Osiris”; the BSX share code “OPI.BH” and the JSE share code: OPI and ISIN: BMG6786C1038

            Friday, 6 June 2014

Listing and trading on the BSX and JSE in new name of “Delta International Property Holdings Limited”, the abbreviated JSE name: “Delta Int”, the new ISIN BMG2707T10181, the new BSX share code: “DLI.BH” and the and new JSE share code: “DLI” commences and termination of trading of Osiris Properties International Limited shares on the BSX and JSE trading system

            Monday, 9 June 2014

Record date for shareholders on the Bermudan and South African share registers in respect of change of name of the company, change of the abbreviated JSE name, change of ISIN and new share codes

            Friday, 13 June 2014

PUBLIC HOLIDAY IN BERMUDA AND SOUTH AFRICA            Monday, 16 June, 2014

Delta International certificates issued and posted to certificated shareholders (if applicable)

            Tuesday, 17 June 2014

Dematerialised shareholders on the Bermudan and South African share registers will have their accounts at their CSDP or broker updated in respect of the change of name of the company, change of the abbreviated JSE name, change of  ISIN and new share codes          

            Tuesday, 17 June 2014

Note:

      i.        Share certificates in the name of Osiris Properties International Limited may not be dematerialised or rematerialised after Friday, 6 June 2014 nor may transfers between registers take place between Monday, 9 June 2014 and Friday, 13 June 2014.

3.         CHANGE OF YEAR END

Shareholders are advised that the company’s financial year end has changed from 31 August to 30 June. Accordingly, the company’s next financial period will be for the 10 month period from 1 September 2013 to 30 June 2014.

4.         APPOINTMENT OF NEW DIRECTOR

Shareholders are advised that Greg Booyens has been appointed as Chief Financial Officer of the company.

Greg is a qualified Chartered Accountant with over 10 years experience in the finance industry and was previously CFO at MPI Property Asset Management (Delta Property Fund’s management company) contributing significantly to the rapid growth of Delta Property Fund since it listed in 2012 increasing the property portfolio from R2.1 billion in property value to R7 billion in 18 months. Greg was also part of the team that listed Delta Property Fund on the JSE and was integral in raising over R4 billion in equity and R3 billion in debt. He completed his articles at PKF South Africa and in 2004 joined UBS (London) as a financial accountant in their fixed income division. Thereafter Greg spent time at Barclays PLC in their treasury department before joining Evolution Group PLC in 2006 as a financial controller where he spent 6 years. At Evolution Greg was responsible for the management and financial accounting of investment banking operations in their Chinese and US subsidiaries. Upon returning to South Africa in 2011 Greg joined the Motseng Group which then branched off to become the JSE listed Delta Property Fund. He holds a BCom Honours degree in Accounting from the University of Port Elizabeth.

The company has a primary listing on the BSX and a secondary listing on the JSE.”

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For additional information please visit the Company's web-site www.osirispropertiesint.com  or www.bsx.com

JSE sponsor: Java Capital

Bermuda Listing Sponsor:

Global Custody & Clearing Ltd.

Attn: Mr. Grant Hopkins          Tel: (441) 294-7039