SA CORPORATE REAL ESTATE FUND - Renewal of cautionary announcement

Renewal of cautionary announcement

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")
   REIT status approved


RENEWAL OF CAUTIONARY ANNOUNCEMENT

1.       Proposed internalisation of management of the Fund

Further to the cautionary announcement dated 22 February 2013 and the subsequent renewals dated 10 April 2013,
23 May 2013 and 4 July 2013 and extension granted by the JSE Limited (“JSE”), unitholders are advised that
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.       Acquisition of Property

Unitholders are further advised that the Fund has entered into negotiations for the acquisition of a property (“the
acquisition”). Whilst it is envisaged that the acquisition will constitute a category 2 transaction in terms of JSE Listings
Requirements, it is not possible to include details of the acquisition, including price at this stage. Unitholders are
therefore advised to exercise caution when trading in the Fund’s units until a further announcement is made once the
details have been established.


Cape Town
26 August 2013

Investment Bank
Investec Bank Limited

Sponsor
Nedbank Capital

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