Feedback on acquisitions TEXTON PROPERTY FUND LIMITED (formerly Vunani Property Investment Fund Limited) Granted REIT status by the JSE (Incorporated in the Republic of South Africa) (Registration number 2005/019302/06) JSE code: TEX ISIN: ZAE000190542 (formerly ISIN: ZAE000185872) (“Texton” or “the Company”) FEEDBACK ON ACQUISITIONS On 12 September 2014, the Company successfully acquired the entire share capital of Nungu Trading 88 Proprietary Limited through the Sale of shares and claims agreement. Nungu owns the property known as Babcock House, situated at 10 Osbourne Lane, Bedfordview, measuring 3 865m2. This AAA grade property is located in Bedfordview and tenanted by Babcock Ntuthuko Engineering Proprietary Limited on a triple net lease at a net rental of R80/m2 with 71 basement parking bays, 58 covered bays and 14 open bays with an additional 20 open bays being built. The lease escalates at 9% per annum and has a remaining term of 4 years and 10 month with an option to renew for a further 2 years. The acquisition will yield 9.35% and acquired for cash in the amount of R48.326 million. On 18 September, the AAA grade Quintiles building situated in Bloemfontein and measuring 3 404m² was transferred to the Company. The property is tenanted by Quintiles Clindepharm on a 5 year triple net lease escalating at 8% per annum. The property will be purchased with cash at a yield of 9.6% for the amount of R47.5 million. Further to previous announcements, the “Naidoo Portfolio R129million” consisting of the Scott Street building (4 329m2) in Waverley and the St Georges Mall sections (1 242m2) in Cape Town. Both buildings are occupied by Mott Macdonald PDNA on a 3.5 year triple net lease and was transferred to the Company on 18 September 2014. This transaction places 6.5% of the issued share capital in BEE ownership. Accordingly, the Company is likely to achieve a Level 2 or at worst Level 3 BEE rating. Dunkeld West 19 September 2014 Sponsor Investec Bank Limited Date: 19/09/2014 03:26:00 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.