Change Statement And Notice To Annual General Meeting Vividend Income Fund Limited (Incorporated in the Republic of South Africa) (Registration number 2010/003232/06) JSE Linked Unit code: VIF ISIN: ZAE000150918 (“Vividend” or “the Company” or “the Group”) CHANGE STATEMENT AND NOTICE TO ANNUAL GENERAL MEETING CHANGE STATEMENT Shareholders are hereby advised that the integrated annual report for the year ended 31 August 2013 will be posted to shareholders on or about 10 December 2013, and save for the changes set out below, contain no material modifications to the reviewed results which were published on the Stock Exchange News Service of the JSE Limited on Wednesday, 23 October 2013. AUDITED RESULTS FOR THE YEAR ENDED 31 AUGUST 2013 STATEMENT OF CASH FLOWS Cash flows from operating activities Notes Audited Reviewed Change 2013 2013 2013 R'000 R'000 R'000 Cash flows from operating activities Cash received from tenants 223 124 223 124 - Cash paid to suppliers -146 648 -146 648 - Cash generated from operations 76 476 76 476 - Investment income, excluding accrued interest income 9 749 9 749 - Finance costs paid, excluding accrued interest expense 1 -38 653 -40 428 1 775 Distributions to linked unitholders -94 531 -94 531 - Net cash inflow/(outflow) from operating activities -46 959 -48 734 1 775 Cash flows from investing activities - Additions to investment property -25 986 -25 986 - Disposal of investment property 16 251 16 251 - New acquisitions of business undertakings -649 314 -649 314 - Net cash outflow from investing activities -659 049 -659 049 - Cash flows from financing activities - Non-current loans raised 2 355 099 349 014 6 085 Current loans raised 3 40 000 47 860 -7 860 Proceeds from the issue of linked units 401 517 401 517 - Expenses on issue of linked units - - - Net cash inflow from financing activities 796 616 798 391 -1 775 Net increase in cash and cash equivalents 90 608 90 608 - Cash and cash equivalents at the beginning of the year 81 195 81 195 - Cash and cash equivalents at the end of the year 171 803 171 803 - The differences between the audited financial statements and the reviewed results arise from the change in disclosure of the following items, none of which are considered material: Note 1: Finance costs paid have been adjusted to exclude accrued finance charges in other current financial liabilities Note 2: Reclassifications from non-current financial liabilities to other current financial liabilities have been excluded from the calculation of the non-current loans raised Note 3: Finance cost accruals and reclassifications from non-current financial liabilities have been excluded from the calculation of current loans raised The above changes have no effect on the statement of comprehensive income, the statement of financial position and the statement of changes in equity. Baker Tilly SVG has issued an unqualified opinion on the audited financial statements for the year ended 31 August 2013. Their report is available for inspection at the Company's registered office. The directors of Vividend take full responsibility for the preparation of the change statement and that the financial information has been correctly extracted from the underlying audited financial statements. NOTICE OF ANNUAL GENERAL MEETING Notice is hereby given that the annual general meeting of shareholders of the Company will be held on Monday, 27 January 2014, at 11:30 at Unit 6, Rozenhof Office Court, 20 Kloof Street, Gardens, Cape Town to transact the business stated in the notice of annual general meeting, which notice forms part of the integrated annual report. The date on which shareholders must be recorded in the share register of the Company for purposes of being entitled to attend and vote at the annual general meeting is Friday, 17 January 2014, with the last day to trade being Friday, 10 January 2014. 29 November 2013 Cape Town Sponsor PSG Capital Pty Limited Date: 29/11/2013 12:00:00 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.