ASCENSION PROPERTIES LIMITED - Results of annual general meeting

Results of annual general meeting

ASCENSION PROPERTIES LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 2006/026141/06)
JSE share code: AIA         ISIN: ZAE000161881
JSE share code: AIB         ISIN: ZAE000161899
(Approved as a REIT by the JSE)
(“Ascension” or “the company”)


RESULTS OF ANNUAL GENERAL MEETING


Linked unitholders are advised that at the annual general meeting of linked unitholders held on Tuesday,
9 December 2014 (in terms of the notice of annual general meeting dispatched to shareholders on 29 September
2014), all of the resolutions tabled thereat were passed by the requisite majority of Ascension linked unitholders.

Details of the results of voting at the annual general meeting are as follows:

-   total number of Ascension linked units that could have been voted at the annual general meeting: 685 219 873
-   total number of Ascension linked units that were present/represented at the annual general meeting:
    585 235 712 being 85.4% of the total number of Ascension linked units that could have been voted at the
    annual general meeting.


Ordinary Resolution 1 : To re-appoint the auditors of the company

For                                Against                      Abstentions              Actual linked units voted*

580 822 392, being 99.25%          -                            4 413 320                585 235 712, being 100%


Ordinary Resolution 2: To re-appoint Mervyn Burton, who retires by rotation as a director

For                                Against                      Abstentions              Actual linked units voted*

580 822 392, being 99.25%          -                            4 413 320                585 235 712, being 100%


Ordinary Resolution 3: To re-appoint Andrew Nissen, who retires by rotation as a director

For                                Against                      Abstentions              Actual linked units voted*

580 822 392, being 99.25%          -                            4 413 320                585 235 712, being 100%


Ordinary Resolution 4.1 : To re-appoint Mervyn Burton as a member of the Audit and Risk Committee

For                                Against                      Abstentions              Actual linked units voted*

580 822 392, being 99.25%          -                            4 413 320                585 235 712, being 100%


Ordinary Resolution 4.2 : To re-appoint Bronwyn Bayvel as a member of the Audit and Risk Committee

For                                Against                      Abstentions              Actual linked units voted*

570 949 424, being 97.56%          9 872 968, being 1.69%       4 413 320                585 235 712, being 100%


Ordinary Resolution 4.3 : To re-appoint Haroon Takolia as a member of the Audit and Risk Committee

For                                Against                      Abstentions              Actual linked units voted*

580 822 392, being 99.25%          -                            4 413 320                585 235 712, being 100%


Special Resolution 1 : To approve the remuneration of non-executive directors

For                               Against                      Abstentions                Actual linked units voted*
  
580 705 564, being 99.23%         -                            4 530 148                  585 235 712, being 100%

Special Resolution 2 : To authorise the company to repurchase linked units

For                               Against                      Abstentions                Actual linked units voted*

557 332 329, being 95.23%         23 373 235, being 3.99%      4 530 148                  585 235 712, being 100%


Ordinary Resolution 5 : To give general authority to the board to implement all resolutions passed

For                               Against                      Abstentions                Actual linked units voted*
  
580 705 564, being 99.23%         -                            4 530 148                  585 235 712, being 100%

*linked units including abstentions

9 December 2014


Sponsor
Java Capital

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