EMIRA PROPERTY FUND - Closed period participatory interest repurchase programme

Closed period participatory interest repurchase programme

EMIRA PROPERTY FUND
(A property fund created under the Emira Property Scheme, registered in terms of
the Collective Investment Schemes Control Act No 45 of 2003)
Share Code: EMI
ISIN: ZAE000050712
("Emira" or "the Fund")

CLOSED PERIOD PARTICIPATORY INTEREST REPURCHASE PROGRAMME

In compliance with the JSE Listings Requirements participatory interest ("PI")
holders are advised that Emira has entered into a repurchase programme to
repurchase PIs during its closed period. This period commences on 1 July 2013 and
ends on 20 August 2013 when the Fund`s results are scheduled to be released.

In terms of the repurchase programme, the broker has been mandated to repurchase
the Fund`s PIs up to a maximum value of R75,000,000.00. Any repurchases will be
effected within certain pre-set parameters of the programme and the Listings
Requirements of the JSE Limited.

Sandton
28 June 2013

Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)                 

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