EQUITES PROPERTY FUND LIMITED - Acquisition of Intaprop: results of general meeting and change to the board of directors

Acquisition of Intaprop: results of general meeting and change to the board of directors

EQUITES PROPERTY FUND LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 2013/080877/06)
JSE share code: EQU ISIN: ZAE000188843
(Approved as a REIT by the JSE)
(“Equites”)


ACQUISITION OF INTAPROP: RESULTS OF GENERAL MEETING AND CHANGE TO THE BOARD OF DIRECTORS


At the general meeting of shareholders held on Monday, 31 August 2015 (in terms of the notice of general meeting dispatched to
shareholders on 29 July 2015), relating to the proposed acquisition by Equites of all the shares and claims in Intaprop Proprietary
Limited (“the transaction”), all of the resolutions were passed by the requisite majority of Equites shareholders.

The transaction is now unconditional and will be implemented in accordance with its terms and conditions.

Details of the results of voting at the general meeting were as follows:

-   total number of Equites shares that could have been voted at the general meeting: 114 410 355
-   total number of Equites shares that were present/represented at the general meeting: 70 686 421 being 61.78% of the total
    number of Equites shares that could have been voted at the general meeting

Ordinary resolution 1 – Approval of the transaction

Shares voted*                    For                               Against                       Abstentions

70 686 421                       70 686 421, being 100%            -                             -

Ordinary resolution 2 – Election of André Gouws as a non-executive director

Shares voted*                    For                               Against                       Abstentions

70 686 421                       70 686 421, being 100%            -                             -

Ordinary Resolution 3: Authorisation of the directors

Shares voted*                    For                               Against                       Abstentions

70 686 421                       70 686 421, being 100%            -                             -
*shares excluding abstentions

CHANGE TO THE BOARD OF DIRECTORS

As set out above, André Gouws has been appointed as a non-executive director to the board of directors of Equites (“the board”)
with effect from 1 September 2015.

André, B.Com, B.Compt (Hons),CA(SA)), served his articles at Fisher Hoffman Stride and joined the DigiCore Group in December
1998 where he was the Financial Director of DigiCore Fleet Management. In 2003 he joined Intaprop shortly after Intaprop
established Kagiso Property Holdings in a joint venture with Kagiso Trust Investments of which he was the Financial Director.
André is currently Managing Director of Intaprop.

The board welcomes André to the board of Equites.

31 August 2015

Corporate advisor and sponsor
Java Capital

Date: 31/08/2015 12:47:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
 the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, 
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
 information disseminated through SENS.