DELTA PROPERTY FUND LIMITED - Acquisition of OMC Durban and the Marine

Acquisition of OMC Durban and the Marine

          Delta Property Fund Limited
          (formerly Tuffsan 89 Investment Holdings Proprietary Limited)
          (Incorporated in the Republic of South Africa)
          (Registration number 2002/005129/06)
          Share code: DLT ISIN: ZAE000172052
          ("Delta" or “the Company”)
          REIT status approved

          ANNOUNCEMENT REGARDING THE ACQUISITION OF OMC DURBAN AND THE
          MARINE

          1.     Introduction

                 Holders   of    Delta linked    units  (“Delta  Linked
                 Unitholders”) are referred to the SENS announcement
                 issued regarding the acquisition of The Marine and The
                 Old Mutual Precinct.
                 Delta Property Fund would like to provide further clarity
                 on the weighted average rentals as per the revised table
                 hereunder:

          2.     Specific information on the Properties

                 Details of the Acquisitions, including inter alia, the
                 location, sector, weighted average rental per square
                 meter, the Purchase Consideration as well as the
                 valuation attributed to the Acquisitions, are set out
                 below.

Vendor     Property         Sector    Gross      Single   Weighted        Annualis   Purcha    Value
           description                lettable   or       average         ed         se
           / location                 area m2    multi    gross rental    property   price      Rm
                                                 tenant   R/m²            yield      Rm
                                                 ed       1st Sept 2014   %
                                                          -28th Feb
                                                          2015

OMLACSA        OMC          Offices     44 668    Multi    Retail-           11          291         305
                                                          203,20
                                                           Offices–
                                                          59,90
                                                           Parking –
                                                          550,00
OMLACSA        The Marine   Offices     24 517    Multi   Offices –          11          196         225
                                                          74,68
                                                          Storage-
                                                          28,18
                                                          Parking –
                                                          682,00
TOTAL                                                                                    487     530
22 April 2014

Johannesburg

Investment bank and sponsor
Nedbank Capital

Date: 22/04/2014 04:30:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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