EMIRA PROPERTY FUND - Interest Rate Reset -EPFC10 & EPF001

Interest Rate Reset -EPFC10 & EPF001

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 EPF001: ZAG000088576
ISIN EPFC10: ZAG000110917

(“Emira”)


INTEREST RATE RESET ANNOUNCEMENT

EPF001      7.075% p.a. (1.40% over 3 month Jibar of 5.675%) for the
            period 19 February 2014 to 18 May 2014, payable on
            19 May 2014 (Following*)
            Next reset: 19 May 2014

EPFC10      6.375% p.a. (0.70% over 3 month Jibar of 5.675%) for the
            period 19 February 2014to 18 May 2014, payable on
            19 May 2014 (Following*)
            Next reset: 19 May 2014

JIBAR rate as at 19 February 2014: 3 Month 5.675%

*When the Interest Payment Date falls on a non business day, one of
the following Date Conventions will be applied, as specified for
each individual bond:

1. Following – This means that the interest will be paid on the
   first business day after the weekend or public holiday.

2. Modified Following – This means that the interest will be paid on
   the first business day after the weekend or public holiday.
   However, if the first business day after the weekend or public
   holiday falls in a new calendar month the last business day
   before the weekend / public holiday will be used instead.

3. Preceding – This means that the interest will be paid on the last
   business day before the weekend or public holiday.


19 February 2014
Debt Sponsor
Rand Merchant Bank (A division of FirstRand Bank Limited)

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