OASIS CRESCENT PROPERTY FUND - Changes to the board of directors of the Manager of the Fund

Changes to the board of directors of the Manager of the Fund

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

CHANGES TO THE BOARD OF DIRECTORS OF THE MANAGER OF THE FUND

In accordance with paragraph 3.59 of the Listings Requirements of
the JSE Limited (“JSE”), unit holders of the Fund are hereby advised
that Ms Zaheeda Ismail Kara (”Ms Kara”) has resigned from the Board
of Directors of Oasis Crescent Property Fund Managers Limited, the
manager of the Fund (“the Manager”). Ms Kara’s resignation will be
with immediate effect. The Board wishes to thank Ms Kara for her
contributions during her tenure as director and wish her well in her
future endeavours.

In accordance with paragraph 3.84 of the Listings Requirements of
the JSE, unit holders of the Fund are further advised that Abbas
Abdul Gani (”Mr Gani”) has been appointed as an Independent Non-
Executive Director to the Board of Directors and as member of the
Audit Committee of the Manager with immediate effect.

Mr Gani (65 years) is a CA(SA) and has undertaken various studies at
the University of Cape Town, Oxford University and the University of
Cambridge. He is a former executive director of Engen Ltd. (2000 –
2010) where he was appointed in various executive positions as the
former CEO and MD (acting) of Engen Ltd. (1 July 2005 to 30 April
2006) and as the CFO and FD of Engen Ltd. (2002 to 2010). Mr Gani
also has more than 37 years business experience both in the
accounting and auditing spheres as well as acting on various
executive boards. The board welcomes Mr Gani in his capacity as
independent non-executive director and member of the audit committee
as of 7 May 2013.

Cape Town

8 May 2013

Designated Adviser:

PSG Capital (Pty) Limited

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