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Results of General Meeting of Shareholders
INVESTEC PROPERTY FUND LIMITED
Approved as a REIT by the JSE
(Incorporated in the Republic of South Africa)
(Registration Number 2008/011366/06)
Share code: IPF
ISIN: ZAE000155099
(“Investec Property Fund” or “the Fund”)
RESULTS OF GENERAL MEETING OF SHAREHOLDERS
1. INTRODUCTION
Investec Property Fund shareholders (“IPF Shareholders”) are referred to the announcement
released by Investec Property Fund on SENS on Monday 15 December 2014, as well as to the
circular issued to IPF Shareholders on Monday, 15 December 2014 (“Circular”), regarding the
acquisition by Investec Property Fund of a portfolio of properties from Investec Property Proprietary
Limited (“Investec Property”), the management company of the Fund and an indirectly wholly-
owned subsidiary of Investec Limited (“Proposed Transaction”).
2. RESULTS OF THE GENERAL MEETING
IPF Shareholders are advised that at the general meeting of IPF Shareholders held on
Wednesday, 21 January 2015 at 10h00 (“General Meeting”), all of the resolutions set out in the
notice convening the General Meeting incorporated in the Circular were passed, without
modification, by the requisite majority of votes.
The resolutions required to give effect to the Proposed Transaction were voted on as follows:
% of issued % of shares
Number of
share that could shares
capital be voted
Total number of shares that could be voted at
meeting 67% 100% 268 960 723
Total number of shares present/represented
including proxies at meeting (including shares 50% 75% 200 479 428
abstained from voting)
Total number of shares present/represented
including proxies at meeting (excluding shares
abstained from voting) 50% 75% 200 442 794
Total number of members present 8
Votes in Votes
% % Abstentions %
favour against
Ordinary Resolution Number 1–
Approval of related party transaction 200 442 794 100% 0 0 36 634 0.01362%
Ordinary Resolution Number 2 –
Directors’ authority to sign necessary 200 478 928 100% 0 0 500 0.00019%
documentation
Ordinary Resolution Number 3 –
Director’s authority to issue shares
specifically in relation to a dividend 200 442 794 100% 0 0 36 634 0.01362%
reinvestment plan
3. CONDITIONS PRECEDENT
IPF Shareholders are advised that certain conditions precedent to the Proposed Transaction
remain outstanding including the unconditional approval by the competition authorities in terms of
the Companies Act 89 of 1998.
Accordingly, Investec Property and Investec Property Fund have agreed to extend the date for the
fulfilment of the conditions precedent to 28 February 2015, although the Effective Date of the
Proposed Transaction will remain 1 February 2015.
IPF Shareholders will be advised when the remaining conditions precedent are fulfilled.
Johannesburg
21 January 2015
Sponsor: Investec Bank Limited
Date: 21/01/2015 03:15:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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