INVESTEC PROPERTY FUND LIMITED - Investec Property Fund announces accelerated book build.

Investec Property Fund announces accelerated book build.

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”)


INVESTEC PROPERTY FUND ANNOUNCES ACCELERATED BOOK BUILD


Investec Property Fund is pleased to announce the launch of an accelerated offering of up to 18,889,966
Investec Property Fund shares which will be issued under the Fund’s general authority to issue shares
for cash, as approved by shareholders at the annual general meeting held on 25 July 2014.

The equity raise will be offered to selected investors through an accelerated book build process and is
subject to pricing that is acceptable to the Fund (“Accelerated Book Build”).

As set out in the SENS announcement dated 6 November 2014, the Fund has entered into an
agreement to acquire a property portfolio of 5 high quality properties from Investec Property Proprietary
Limited (“Investec Acquisition”). The proceeds of the Accelerated Book Build will be used to partially
fund the purchase consideration of the Investec Acquisition.

The book build opens with immediate effect and may close any time thereafter. Given that the Investec
Property Fund shares will be issued under the Fund’s general authority, the accelerated book build is
only open to public shareholders as defined in the JSE Listings Requirements.

Pricing and allocations will be announced as soon as practicable following the closing of the book.

Investec Bank Limited is acting as sole Bookrunner for the Accelerated Book Build.


Johannesburg
7 November 2014


Bookrunner and sponsor
Investec Bank Ltd


This announcement is not for publication or distribution or release, directly or indirectly, in the United
States of America (including its territories and possessions, any state of the United States and the
District of Columbia).

This announcement does not constitute or form part of an offer or solicitation of an offer to purchase or
subscribe for securities in the United States or any other jurisdiction. The securities referred to herein
have not been and will not be registered under the United States Securities Act of 1933, as amended
(the “Securities Act”), and may not be offered or sold, directly or indirectly, in the United States, absent
registration or an exemption from, or transaction not subject to, the registration requirements of the
Securities Act. No public offering of securities is being made in the United States. This announcement
does not and is not intended to constitute an offer to the public in South Africa in terms of the South
African Companies Act 71 of 2008 (as amended). Neither this announcement nor any copy of it may be
taken, transmitted or distributed, directly or indirectly in or into the United States, Canada, Australia or
Japan.
This announcement is for information purposes only and in member states of the European Economic
Area (other than the United Kingdom) is directed only at persons who are qualified investors (as defined
in article 2(1)(e) of EU directive 2003/71/EC (the “Prospectus Directive”) and the relevant implementing
rules and regulations adopted by each Member State). In the United Kingdom, this announcement is
directed only at the following persons: investment professionals falling within article 19(5) of the
Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the “Order”); and high net
worth entities, and other person to whom it may lawfully be communicated, falling within article 49(2)(a)
to (d) of the Order.

This announcement has been issued by and is the sole responsibility of Investec Property Fund. No
representation or warranty express or implied, is or will be made as to, or in relation to, and no
responsibility or liability is or will be accepted by Investec Bank Limited or by any of its respective
affiliates or agents as to, or in relation to, the accuracy or completeness of this announcement or any
other written or oral information made available to or publicly available to any interested party or its
advisers, and any liability therefore is expressly disclaimed.

Date: 07/11/2014 10:30:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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