SAC - SA Corporate Real Estate Fund - Update to cautionary announcement

SAC - SA Corporate Real Estate Fund - Update to cautionary announcement         
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 Scheme Control Act, No 45                 
of 2002 and managed by SA Corporate Real Estate Managers Limited                
(Registration number 1994/009895/06) ("SA Corporate Fund Managers")             
Linked unit code: SAC     ISIN ZAE000083614                                     
("SA Corporate" or "The Fund")                                                  
UPDATE TO CAUTIONARY ANNOUNCEMENT                                               
Unitholders are referred to the cautionary announcements released on the        
Securities Exchange News Service ("SENS") on 25 April 2012 by SA Corporate      
and Capital Property Fund ("CPL") as well as the subsequent voluntary           
announcement by CPL on 2 May 2012 relating to CPL`s expression of interest      
in acquiring all the assets of SA Corporate.                                    
SA Corporate confirms that an unsolicited approach by way of an expression      
of interest letter has been received from CPL to acquire the assets of SA       
Corporate, however at this stage no exclusivity has been granted nor has        
any agreement been reached between the parties in any form.                     
Accordingly, unitholders are advised to continue to exercise caution when       
trading in the Fund`s units until a further announcement has been made.         
8 May 2012                                                                      
Investment Bank                                                                 
Investec Specialist Bank                                                        
Sponsor                                                                         
Nedbank Capital                                                                 
Date: 08/05/2012 11:41:01 Supplied by www.sharenet.co.za                     
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