SGA\SGB - Synergy Income Fund Limited - Results of General Meeting

SGASGB - Synergy Income Fund Limited - Results of General Meeting              
SYNERGY INCOME FUND LIMITED                                                     
(formerly Capital Land Retail Fund Limited)                                     
(Incorporated in the Republic of South Africa on 13 November 2007)              
(Registration number 2007/032604/06)                                            
JSE share code for A linked units: SGA ISIN Code: ZAE000161550                  
JSE share code for B linked units: SGB ISIN Code: ZAE000162293                  
("Synergy" or "the company")                                                    
RESULTS OF GENERAL MEETING                                                      
Linked unitholders are advised that at the general meeting of Synergy linked    
unitholders held on Thursday, 21 June 2012, all of the resolutions relating to  
the acquisition of Setsing Crescent Shopping Centre and Gugulethu Square        
Shopping Centre(the "acquisitions") contained in the circular to Synergy linked 
unitholders dated 22 May 2012 ("the circular") were passed by the requisite     
majorities.                                                                     
The acquisitions are still subject to the company placing sufficient Synergy    
linked units for cash with third party placees in terms of a vendor             
consideration placing in order to fund up to a maximum of 70% of the purchase   
price payable to the vendor/s in respect of each of the acquisitions.           
In addition, the special resolutions detailed in the circular were passed by the
requisite majorities and will be lodged with the Companies and                  
Intellectual Property Commission (CIPC) in due course.                          
21 June 2012                                                                    
Corporate advisor, bookrunner and sponsor                                       
Java Capital                                                                    
www.synergyincomefund.com                                                       
Date: 21/06/2012 12:43:01 Supplied by www.sharenet.co.za                     
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