TEXTON PROPERTY FUND LIMITED - Results of Annual General Meeting

Results of Annual General Meeting

TEXTON PROPERTY FUND LIMITED

(formerly Vunani Property Investment Fund Limited)

Granted REIT status by the JSE

(Incorporated in the Republic of South Africa)

(Registration number 2005/019302/06)

JSE code: TEX

ISIN: ZAE000190542

(formerly ISIN: ZAE000185872)

(“Texton” or “the Company”)



RESULTS OF ANNUAL GENERAL MEETING

Texton shareholders are advised that at the Annual General Meeting of shareholders held on Thursday,
18 November 2014, all the ordinary and special resolutions as proposed in the Notice of the Annual
General Meeting, with the exception of ordinary resolution number 6 (Issue of shares for cash) which
was withdrawn, were approved by the requisite majority of members. In this regard, Texton confirms
the voting statistics from the AGM as follows:



                                   % Issued        Votes For      % in      Votes         %     Votes     Result
                                      share                     favour     Against   against   Abstain
                                     capital
                                      voted
Special resolution number 1:
Remuneration payable to non-
executive directors                64.44%       120 799 126   100.00%           -         -   27 000      Carried

Special resolution number 2:
Repurchase of Company shares       64.44%       119 029 870    98.54%   1 769 256   1.46%     27 000      Carried

Special resolution number 3:
Financial assistance               64.44%       120 799 126   100.00%           -         -   27 000      Carried

Ordinary resolution number 1:
Adoption of annual financial
statements for the year ended
30 June 2014                       64.44%       120 799 126   100.00%           -         -   27 000      Carried

Ordinary resolution number 2:
Appointment of auditor (KPMG
Inc.) in terms of section 61(8)(c) 
of the Companies Act)                64.44%   120 799 126      100.00%         -          -   27 000       Carried

Ordinary resolution number 3:
Re-election of M de Lange as a
director                             64.44%   120 799 126      100.00%         -           -   27 000      Carried

Ordinary resolution number 3:
Re-election of RF Kane as a
director                             64.44%   120 799 126       100.00%         -          -    27 000     Carried

Ordinary resolution number 3:
Re-election of JR Macey as a
director                             64.44%   120 799 126        100.00%         -          -   27 000     Carried

Ordinary resolution number 3:
Re-election of KN Vundla as a
director                             64.44%   120 799 126        100.00%         -           -  27 000     Carried

Ordinary resolution number 3:
Confirmation of NV Balfour as a
director                             64.44%   120 799 126        100.00%         -           -   27 000    Carried

Ordinary resolution number 3:
Confirmation of AN du Hecquet
de Rauville as a director            64.44%   120 041 651         99.37%     757 475      0.63%   27 000    Carried

Ordinary resolution number 3:
Confirmation of JA Legh as a
director                             64.44%   120 799 126        100.00%         -            -   27 000    Carried

Ordinary resolution number 3:
Confirmation     of     MJ    van
Heerden as a director                64.44%   120 799 126         100.00%         -           -     27 000   Carried

Ordinary resolution number 3:
Confirmation of TS Sishuba as a
director                             64.44%   120 799 126         100.00%         -           -      27 000   Carried

Ordinary resolution number 4:
Election of audit committee
member and chairman: section
94(2) of the Companies Act (JR
Macey)                               64.44%   120 799 126         100.00%         -           -      27 000   Carried

Ordinary resolution number 4:        64.44%   120 799 126         100.00%         -           -      27 000   Carried
Election of audit committee
member: section 94(2) of the
Companies Act (KN Vundla)
Ordinary resolution number 4:
Election of audit committee
member: section 94(2) of the
Companies Act (TS Sishuba)          64.44%   120 799 126          100.00%            -        -       27 000   Carried

Ordinary resolution number 5:
General but restricted authority
to allot and issue authorised but
unissued shares                     64.44%    95 568 366           79.11%   25 230 760    20.89%      27 000   Carried

Ordinary resolution number 7:
Specific   authority   to   issue
shares to afford shareholders
distribution       reinvestment
alternatives                        64.44%   120 799 126          100.00%            -        -      27 000   Carried

Ordinary resolution number 8:
Implementation of resolutions       64.44%   120 799 126          100.00%            -        -      27 000   Carried




Dunkeld West

19 December 2014



Sponsor

Investec Bank Limited

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