TEXTON PROPERTY FUND LIMITED - Change statement and Notice of AGM

Change statement and Notice of AGM

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”)



CHANGE STATEMENT AND NOTICE OF AGM

The shareholders of Texton shares are advised that Texton Property Fund Limited’s audited
consolidated annual financial statements for the year ended 30 June 2014 contains no modification
from the reviewed consolidated financial statements published on 25 August 2014 other than as
detailed below for the Statement of Cash flows:

                                                              Audited      Reviewed       Difference
                                                                 2014           2014

Cash generated by operations                                 170 771         122 652          48 059

Net cash inflow/(outflow) from operating activities            26 174        (22 105)         48 279

Net cash outflow from investing activities                  (364 914)       (504 412)        139 498

Net cash inflow from financing activities                    379 634         567 411       (188 047)



The difference in cash generated from operations and net cash inflow/(outflow) from operating
activities relates to the difference in working capital as a result of the “unitholder for distribution”
being included in the opening balance of trade and other payables together with the finance cost
amortisation not being eliminated as non-cash.

The difference in net cash outflow from investing activities and net cash inflow from financing
activities relates to the acquisition of businesses being taken into account on a gross basis and not on
the nett cash basis.

The 2014 consolidated annual financial statements are available on the company’s website at
www.texton.co.za and will be posted to shareholders on 18 November 2014.



The consolidated annual financial statements have been audited by KPMG and their unmodified
report is available for inspection at the company’s registered office.


NOTICE OF AGM

Notice is hereby given that the annual general meeting of the Texton will be held at 11:00 on
Thursday, 18 December 2014 in the boardroom, at 54 Bompas road Dunkeld West, Johannesburg,
2196, to transact business as stated in the notice of the annual general meeting.


The record date for shareholders to be recorded as shareholders of Texton in order to be entitled to
attend, participate and vote at the annual general meeting is Friday, 12 December 2014.



Dunkeld West

19 November 2014



Sponsor

Investec Bank Limited

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