OASIS CRESCENT PROPERTY FUND - Finalisation announcement in respect of distribution

Finalisation announcement in respect of distribution

Oasis Crescent Property Fund
A property fund created under the Oasis Crescent Property Trust Scheme
registered in terms of the Collective Investment Schemes Control Act
(Act 45 of 2002) having REIT status with the JSE
Share code: OAS
ISIN: ZAE000074332
(“the Fund”)

FINALISATION ANNOUNCEMENT IN RESPECT OF DISTRIBUTION

THE DISTRIBUTION

Unitholders are referred to the SENS announcement dated 16 October 2014
(“Declaration Announcement”), in which the Fund announced, inter alia, the
distribution, after non-permissible income, in respect of the six months
ended 30 September 2014, of 4,900.34 cents for every 100 units held,
payable to unitholders recorded in the register of the Fund at close of
business on Friday, 14 November 2014 (“the Distribution”).

As indicated in the Declaration Announcement, unitholders may elect to
receive the Distribution in cash or to reinvest the Distribution at a
rate of 2.76191 units at 1,774.26 cents per unit (in aggregate) for
every 100 units so held. If no election is made, the Distribution
accrued to the unitholder will be reinvested and used to purchase
additional units, as set out above.

The Fund posted a circular to unitholders yesterday, 23 October 2014, in
respect of the Distribution and the election by unitholders to receive the
Distribution in cash or to reinvest the Distribution.

TIMETABLE

The salient dates and times for the Distribution are set out in the
timetable contained in the Distribution Announcement, which timetable
remains unchanged.

NON-RESIDENT UNITHOLDERS

Non-resident unitholders are referred to the section in the Declaration
Announcement entitled “Tax implications of the distribution”. For the
avoidance of doubt, insofar as that section refers to non-resident
unitholders, then where dividends tax for such non-resident unitholders is
withheld at 15%:

  - the reinvestment ratio for such non-resident unitholders, when rounded
    to five decimal places, will be 2.34762 units at 1,774.26 cents per
    unit, for every 100 (one hundred) units held; and

  - should such non-resident unitholders elect to receive the Distribution
    in cash, they will receive 4,165.289 cents per 100 units held on the
    record date of the Distribution.

24 October 2014
Cape Town
Designated Advisor
PSG Capital (Pty) Ltd

Date: 24/10/2014 04:30:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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