OASIS CRESCENT PROPERTY FUND - Results announcement in respect of the unit distribution

Results announcement in respect of the unit distribution

Oasis Crescent Property Fund
A property fund created under the Oasis Crescent Trust Scheme registered in terms of the
Collective Schemes Control Act (Act 45 of 2002)
JSE code: OAS
ISIN: ZAE000074332
(“OCPF” or “the Fund”)

RESULTS ANNOUNCEMENT IN RESPECT OF THE UNIT DISTRIBUTION

Unitholders are referred to the SENS announcement of Friday, 19 October 2012, where it was
announced that an unit distribution of 3.02 units at 1 491 cents per unit (in aggregate), for every
100 units held (“Unit Distribution”), in respect of the 6 months ended 30 September 2012, had
been declared to unitholders recorded in the register of OCPF at close of business on Friday, 9
November 2012, with the election to receive an income distribution of 4 495.54 cents (in
aggregate) after non-permissible income, for every 100 units (“Income Distribution”) held at
close of business on Friday, 9 November 2012, in lieu of the Unit Distribution.

The total Unit Distribution comprises of three different unit distributions, namely the Property
Unit Distribution, the Offshore Dividend Unit Distribution and the Domestic Permissible
Investments Unit Distribution.

The directors of Oasis Crescent Property Fund Managers Limited (“the Manager”) hereby
advise unitholders that the closing date and time for the Unit Distribution was 12:00pm on
Friday, 9 November 2012.

The table below sets out the number of units to be issued to unitholders in terms of the Unit
distribution who have not elected to receive the Income Distribution:

 Unit Distribution                   Number of units held by               New units issued
                                    unitholders who have not
                                  elected to receive the Income
                                           Distribution
 Property Unit Distribution                35 908 213                          789 983

 Offshore     Dividend    Unit              35 921 446                         193 980
 Distribution
 Domestic          Permissible              35 921 882                         100 583
 Investments Unit Distribution
 Total                                                                        1 084 546

Accordingly 1 084 546 new units in OCPF have been issued to the unitholders that have not
elected to receive the Income Distribution.

In respect of the Unit Distribution (and concomitant Income Distribution), the Manager hereby
advises unitholders who will receive the Unit Distribution that, for taxation purposes the property
unit distribution, offshore dividend unit distribution and domestic permissible investments unit
distribution have different tax implications for unitholders as a result of such distributions being
classified as either a net property distribution, net foreign income distribution or net domestic
income distribution and accordingly the provisions of dividend tax will not be applicable.

The Income Tax Act sections applicable to the distributions made are as follows:
   -   Property Income Distribution –section 10(k)
   -   Offshore dividend income distribution – section 10(i)
   -   Domestic permissible investments income distribution – section 10(k)
   -   Realised gain in domestic permissible investments income distribution – 8th Schedule of
       the Income Tax Act

The Manager therefore advises unitholders to consult their professional tax advisors with regard
to their tax liability in this regard.

Share certificates in respect of the Unit Distribution will be posted out to certificated unitholders
on or about Monday, 12 November 2012, and cheques in respect of the Income Distribution are
in the process of being posted.

The CSDP/broker accounts of unitholders holding dematerialised units have been updated and
are in the process of being credited, according to the elections made.

An adjustment to the maximum number of Unit Distribution units listed will be made on or about
Wednesday, 14 November 2012.

By order of the board of the Manager

12 November 2012
Cape Town
Designated Advisor
PSG Capital

Date: 12/11/2012 03:30:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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