EMIRA PROPERTY FUND - Full Capital Redemption - EPFC04

Full Capital Redemption - EPFC04

Emira Property Fund
(A property fund created under the Emira Property Scheme, registered
in terms of the Collective Investment Schemes Control Act)
Company code: BIEPF
ISIN:ZAG000103151
(“Emira”)

FULL CAPITAL REDEMPTION

In accordance with the Terms and Conditions   of Emira’s
R5,000,000,000.00 Domestic Medium Term Note   Programme dated 12
August 2011, investors are herewith advised   of the full capital
redemption of the EPFC04 notes effective 21   May 2013.

               Capital Redemption      Amount Outstanding
               Amount                  After Capital
                                       Redemption

EPFC04         R 400,000,000.00        R 0.00




20 May 2013

Debt Sponsor
Rand Merchant Bank (A division of FirstRand Bank Limited)

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