Update on the Follow-On Offer - ACP/SYC Acucap Properties Limited Sycom Property Fund Incorporated in the Republic of South Africa A Collective Investment Scheme in Property Registration number 2001/021725/06 registered in terms of the Collective Share code: ACP Investment Schemes Control Act, No. 45 of ISIN: ZAE0000188660 2002 and managed by Sycom Property Fund Approved as a REIT by the JSE Managers Limited (“SPFM”) (“Acucap”) Registration number 1986/002756/06 Share code: SYC ISIN: ZAE000019303 Approved as a REIT by the JSE (“Sycom”) UPDATE ON THE FOLLOW-ON OFFER Acucap shareholders and Sycom unitholders (collectively “Security Holders”) are referred to the announcements dated 12 June 2014 and 20 June 2014 in terms of which Acucap announced that it had made a subsequent offer (“the Follow-On Offer”) to acquire all remaining Sycom units that it did not already own. Security Holders are hereby advised that the Follow-On Offer will close at 12h00 on Friday, 26 September 2014. Ordinary shares in Acucap will therefore be issued as consideration for the Follow-On Offer on the dates set out below: Sycom unitholders that accept the Follow-On Payment date Offer on/before 12h00 on: Friday, 12 September 2014 Monday, 15 September 2014 Friday, 19 September 2014 Monday, 22 September 2014 Friday, 26 September 2014 Monday, 29 September 2014 Cape Town 12 September 2014 Corporate Advisor and Sponsor to Acucap and Sycom Questco (Pty) Ltd Date: 12/09/2014 02:20:00 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.