INVESTEC PROPERTY FUND LIMITED - Results of Dividend Reinvestment Alternative

Results of Dividend Reinvestment Alternative

INVESTEC PROPERTY FUND LIMITED
Approved as a REIT by the JSE
(Incorporated in the Republic of South Africa)
(Registration Number 2008/011366/06)
Share code: IPF     ISIN: ZAE000180915
(“Investec Property Fund” or “the Fund”)


RESULTS OF DIVIDEND REINVESTMENT ALTERNATIVE


Shareholders are referred to the announcements released on SENS on 22 May 2014 and 29 May 2014 relating to
the declaration and finalisation of the interim cash dividend of 57.74400 cents (“Cash Dividend”) per Investec
Property Fund share and the dividend reinvestment alternative (“Share Alternative”).

Shareholders holding 297,350,997 Investec Property Fund shares or 82.2% of Investec Property Fund shares
qualifying to receive the dividend elected to receive the Share Alternative, resulting in the issue of 12,488,699 new
shares, retaining R171.1 million (based on the discounted issue price of R13.70 for the new shares) in new equity
for Investec Property Fund. Accordingly, a Cash Dividend of R37.2 million is payable today in respect of 64,411,677
Investec Property Fund shares.

Dividend cheques in respect of certificated shareholders who elected to receive the Cash Dividend were posted
today and share certificates in respect of certificated shareholders who elected the Share Alternative will be posted
on Thursday, 19 June 2014 to certificated shareholders at their risk. The Central Securities Depository Participants
or broker custody accounts of dematerialised shareholders will be credited on Thursday, 19 June with their new
shares, in line with the adjusted settlement dates as indicated in the aforementioned SENS announcements.

Johannesburg
17 June 2014

Investment Bank and Sponsor
Investec Bank Limited

Date: 17/06/2014 01:25:00 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.