IPF - Investec Property Fund Limited - Establishment of a domestic medium

IPF - Investec Property Fund Limited - Establishment of a domestic medium       
term note Programme and an initial issue of R450 million of secured notes       
under this Programme                                                            
INVESTEC PROPERTY FUND LIMITED                                                  
(Incorporated in the Republic of South Africa)                                  
(Registration Number 2008/011366/06)                                            
Share code: IPF       ISIN: ZAE000155099                                        
("Investec Property Fund" or "the Fund")                                        
ESTABLISHMENT OF A DOMESTIC MEDIUM TERM NOTE PROGRAMME AND AN INITIAL ISSUE     
OF R450 MILLION OF SECURED NOTES UNDER THIS PROGRAMME                           
Linked unit holders are hereby advised that the Investec Property Fund, a       
company primarily involved in property investment, has established a R1         
billion domestic medium term note programme ("Programme") in terms of which     
the Fund can issue secured or unsecured notes subject to the terms and          
conditions established under the Programme. The Programme has been approved     
by the JSE Limited.                                                             
Following the establishment of the Programme the Fund has successfully issued   
an initial tranche of R450 million of secured listed notes, which proceeds      
will be used to settle the purchase consideration for the acquisitions          
announced by the Fund                                                           
In terms of the initial issue of notes which are secured by 5 properties of     
the Fund, the subscription was 2.8 times oversubscribed allowing the Fund to    
issue the following notes which were competitively priced as follows:           
Amount      Tenor    Type     Redemption  Margin  Fixed             

            (R`million) (years)           date        above   (nacs)            
                                                      3                         
                                                      month                     
Jibar                     

IPF01        134.0       3        Floating 13 April    1.40%                    
                                          2015                                  
IPF02        40.0        4        Floating 13 April    1.55%                    
2016                                  

IPF03        50.0        5        Floating 13 April    1.65%                    
                                          2017                                  
IPF06        226.0       5        Fixed    13 April            8.80%            
2017                                  

Total        450.0                                                              
Johannesburg                                                                    
13 April 2012                                                                   


Investment Bank and Sponsor        Debt Arranger                                
Investec Corporate Finance         Investec Capital Markets                     
                                                                                


Attorneys                                                                       
Werksmans Inc                                                                   
                                                                                
Date: 13/04/2012 15:06:02 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.