OASIS CRESCENT PROPERTY FUND - Acquisitions implemented

Acquisitions implemented

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
(“Oasis” or “the Fund”)

ACQUISITIONS IMPLEMENTED

1.   Unitholders are referred to the Fund’s announcement dated
     9 September 2015 (“the Announcement”), regarding the Fund’s
     acquisition of the properties referred to in the Announcement
     as 265 Victoria Road and 24 Milner Road from, respectively,
     Oasis Crescent Fund Trust (“OCFT”) and Oasis Crescent
     Property     Company     Proprietary     Limited     (“OCPC”)
     (“Acquisitions”).

2.   The Fund is pleased to announce that all conditions precedent
     to the Acquisitions have been fulfilled and that registration
     of transfer of the abovementioned properties occurred at the
     relevant Deeds Office on Friday, 4 December 2015.

3.   As indicated in the Announcement, the purchase consideration
     of R24 million for 265 Victoria Road and of R18.5 million for
     24 Milner Road is to be settled through the issue of Oasis
     units to the sellers. In this regard, it is confirmed that
     the Fund today issued a total of 2 296 056 new units to the
     sellers at an issue price of 1 851 cents per unit, of which:

3.1.   1 296 596 new units were issued to OCFT in consideration
       for 265 Victoria Road; and

3.2.   999 460 new units were issued to OCPC in consideration for
       24 Milner Road.

4.   As indicated in the Announcement, possession of each property
     was taken by the Fund on 1 October 2015, from which date the
     Fund has been entitled to every benefit arising from the
     properties and from which date the properties were held by
     the Fund at its risk.

7 December 2015
Cape Town

Designated advisor
PSG Capital Proprietary Limited

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