SA CORPORATE REAL ESTATE FUND - Renewal of cautionary announcement and REIT status approval

Renewal of cautionary announcement and REIT status approval

SA Corporate Real Estate Fund
A Collective Investment Scheme in Property registered in terms of the Collective
Investment Schemes Control Act, No. 45 of 2002 and managed by SA Corporate
Real Estate Fund Managers Limited (Registration number 1994/009895/06) ("SA
Corporate Fund Managers")
Share Code: SAC ISIN Code: ZAE000083614
("SA Corporate" or "the Fund")


RENEWAL OF CAUTIONARY ANNOUNCEMENT AND REIT STATUS APPROVAL

1.       Renewal of Cautionary Announcement

Further to the cautionary announcement dated 22 February 2013 and the subsequent renewals dated 10 April 2013
and 23 May 2013, unitholders are advised that discussions between SA Corporate Fund Managers and Old Mutual
Property Proprietary Limited regarding the possible internalisation of the management of the Fund remain in
progress. Accordingly, unitholders are advised to continue to exercise caution when trading in the Fund’s units until a
further announcement has been made.

2.       REIT Status approval

Unitholders are advised that the Fund’s application to the JSE Limited (“JSE”) for Real Estate Investment Trust
(“REIT”) status has been approved by the JSE. Accordingly, SA Corporate will qualify as a REIT with effect from the
commencement of its next financial year, being 1 January 2014.


Cape Town
4 July 2013

Investment Bank
Investec Bank Limited

Sponsor
Nedbank Capital

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