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SAC - SA Corporate - Posting of SA Corporate`s integrated annual report and details of the voluntary annual general meeting SA Corporate Real Estate Fund (Incorporated in the Republic of South Africa) 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) Share Code: SAC ISIN Code: ZAE000083614 ("SA Corporate" or "the Fund") Posting of SA Corporate`s integrated annual report and details of the voluntary annual general meeting In compliance with section 3.22 of the JSE Limited Listings Requirements, unitholders are advised as follows: Integrated Annual report Further to SA Corporate`s reviewed final results and distribution declaration for the year ended 31 December 2011 that was published on 22 February 2012 ("the SENS announcement"), the integrated annual report was posted on 30 March 2012. The annual financial statements contain some adjustments to the SENS announcement. The adjustments comprise of: Statement of Financial Position * The disclosure of letting commissions has been reflected as a component of Investment property in line with IAS17 paragraph 52, instead of being disclosed as part of current and non-current other receivables and accrued interest. * The interest rate swap liability has been apportioned and disclosed between current and non-current liabilities. * Comparatives - The disclosure of letting commissions as a component of Investment property has been applied to the 2010 comparative numbers amounting to R41 320 000. No adjustment was required for the Statement of Comprehensive Income and there is a nil effect on the total comprehensive income attributable to unit holders. As reported Adjustment As reported in in SENS the annual announcement financial
statements R000 R000 R000 Statement of financial position Non-current assets Letting commissions 25 524 15 590 41 114 Current assets Other receivables and accrued interest 153 592 (15 590) 138 002 Non-current liabilities Interest rate swap 32 545 (18 813) 13 732 derivatives Current liabilities Interest rate swap derivatives 0 18 813 18 813 Voluntary annual general meeting Unitholders are advised that the voluntary annual general meeting of SA Corporate will be held at 10h00 on Friday, 18 May 2012 in the Colosseum Meeting Room, Property on Fifth, Mutual Park, Pinelands, Cape Town to transact the business as stated in the notice of the voluntary annual general meeting forming part of the integrated annual report. The record date for the meeting is Friday, 11 May 2012, being the date on which a person must be registered as a unitholder for purposes of being entitled to vote at the voluntary annual general meeting. Unitholders are further referred to the notice of voluntary annual general meeting as contained in the integrated annual report and are advised that Friday, 11 May 2012 is the record date for being entitled to vote at the voluntary annual general meeting and not for being entitled to receive notice of the voluntary annual general meeting. Cape Town 30 March 2012 Sponsor Nedbank Capital Date: 30/03/2012 11:35:24 Supplied by www.sharenet.co.za Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited (`JSE`). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.
