SA CORPORATE REAL ESTATE FUND - Renewal of cautionary announcement and change to nomination & remuneration committee composition

Renewal of cautionary announcement and change to nomination & remuneration committee composition

SA Corporate Real Estate Fund
A Collective Investment Scheme in Property registered in terms of the Collective
Investment Schemes Control Act, No. 45 of 2002 and managed by SA Corporate
Real Estate Fund Managers Limited (Registration number 1994/009895/06) ("SA
Corporate Fund Managers")
Share Code: SAC ISIN Code: ZAE000083614
("SA Corporate" or "the Fund")


RENEWAL OF CAUTIONARY ANNOUNCEMENT AND CHANGE TO NOMINATION & REMUNERATION
COMMITTEE COMPOSITION

1.   Renewal of Cautionary Announcement

     Further to the cautionary announcement dated 22 February 2013 and the subsequent renewal dated 10 April
     2013, unitholders are advised that the exclusive discussions between SA Corporate Fund Managers and Old
     Mutual Property Proprietary Limited regarding the possible internalisation of the management of the Fund
     remain in progress. Accordingly, unitholders are advised to continue to exercise caution when trading in the
     Fund’s units until a further announcement has been made.



2.   Change to Nomination & Remuneration Committee Composition

     In compliance with rule 3.84 of the JSE Listing Requirements, unitholders are advised that Mr Roshan Morar will
     step down as member of the combined Nomination & Remuneration Committee (“NRC”) with immediate effect.
     Furthermore, the Chairman of the Board will continue to act as Chairman of the NRC, but Mr Ebrahim Seedat,
     an independent non-executive member of the NRC, will take over as Chairman for any discussions on
     remuneration matters.



Cape Town
23 May 2013

Investment Bank
Investec Bank Limited

Sponsor
Nedbank Capital

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