Delay in Timetable INVESTEC PROPERTY FUND LIMITED Approved as a REIT by the JSE (Incorporated in the Republic of South Africa) (Reg. No: 2008/011366/06) (VAT no: 4110247709) Linked unit code: IPF ISIN: ZAE000155099 ("Investec Property Fund” or “the Fund”) UPDATE IN RESPECT OF THE CONVERSION OF INVESTEC PROPERTY FUND’S LINKED UNIT CAPITAL STRUCTURE TO AN ALL EQUITY CAPITAL STRUCTURE AND THE CONVERSION OF PAR VALUE SHARES TO NO PAR VALUE SHARES Linked unitholders of Investec Property Fund (“Linked Unitholders”) are referred to the announcement released on SENS on Thursday, 18 July 2013 detailing, amongst other things, the expected salient dates and times in respect of the implementation of the delinking of Investec Property Fund’s linked units, the capitalisation of the debentures and the conversion of the Fund’s par value shares to ordinary shares of no par value. Linked Unitholders are advised that the requisite special resolutions, together with all prescribed documents, were submitted to the Companies and Intellectual Property Commission (“CIPC”) for filing and registration on 27 August 2013 but have not yet been registered by the CIPC as at the date of this announcement. A further announcement detailing revised salient dates will be released on SENS once the requisite special resolutions have been registered by the CIPC. Sandton 6 September 2013 Sponsor and Investment Bank to Investec Property Fund Investec Bank Limited Date: 06/09/2013 03:05:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.