OASIS CRESCENT PROPERTY FUND - Distribution Results Announcement

Distribution Results Announcement

OASIS CRESCENT PROPERTY FUND
A property fund created under the Oasis Crescent Property
Trust Scheme registered in terms of the Collective
Investment Schemes Control Act (Act 45 of 2002) having
REIT status with the JSE
Share code: OAS
ISIN: ZAE000074332
(“the Fund”)

DISTRIBUTION RESULTS ANNOUNCEMENT

1. Unitholders are referred to the announcements released by the Fund on SENS on
   30 April 2020 and 15 May 2020, regarding the Fund’s distribution in respect of the six
   months ended 31 March 2020, as well as the circular to unitholders dated 15 May 2020
   (“Circular”), in this regard.

2. As indicated in the above announcements and the Circular, unitholders could elect to
   receive in cash the distribution of 4,878.54402 cents (in aggregate), after non-permissible
   income, for every 100 units held (“Cash Distribution”), failing which the distribution would
   be reinvested at the rate of 2.24611 units at 2,172 cents per unit (in aggregate) for every
   100 units so held (“Unit Reinvestment”). Non-resident unitholders are referred to those
   sections of the abovementioned announcements and the Circular dealing with the
   reinvestment ratio and cash distribution ratio for non-resident unitholders. The deadline for
   the above election was 12:00pm on Friday, 5 June 2020.

3. Unitholders holding 30 533 613 units or 47.37% of units qualifying to receive the distribution,
   elected to receive the Cash Distribution, resulting in a Cash Distribution of
   R14 895 957.51, gross of tax.

4. The remaining unitholders, holding 33 929 309 units or 52.63% of units qualifying to receive
   the distribution, reinvested their distribution, amounting to R16 552 562.77, gross of tax
   (R16 083 143.16 net of tax), resulting in the issuing of 740 412 new units.

5. Unitholders are advised that on Monday, 8 June 2020 distribution cheques were posted to
   those certificated unitholders, and distribution payments were credited to the Central
   Securities Depositary Participant (“CSDP”) accounts or to the broker custody accounts of
   those dematerialised unitholders, who elected to receive the Cash Distribution.

6. Unitholders are advised that on Wednesday, 10 June 2020 new unit certificates will be
   posted to those certificated unitholders, and new units will be credited to the CSDP accounts
   or broker custody accounts of those dematerialised unitholders, who qualified for the Unit
   Reinvestment.

7. The number of listed units will be adjusted on or about Friday, 12 June 2020, based on the
   results of the distribution.

8. Unitholders are referred to the Fund’s abovementioned announcements for details on the
   tax implications of the distribution.

Cape Town
8 June 2020

Designated Advisor
PSG Capital

Date: 08-06-2020 05:00:00
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