EMIRA PROPERTY FUND - Full capital redemption - EPFC09

Full capital redemption - EPFC09

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: ZAG000110461
(Approved as a REIT by the JSE)
("Emira")

FULL CAPITAL REDEMPTION

In accordance with the Terms and Conditions of Emira’s
R5,000,000,000.00 Domestic Medium Term Note Programme dated 12
August 2011, investors are herewith advised of the full capital
redemption of the EPFC09 notes effective 6 November 2014.

                  Capital Redemption   Amount Outstanding
                  Amount               After Capital
                                       Redemption

EPFC09            R450,000,000.00      R0.00




4 November 2014

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

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