Report on proceedings at Annual General Meeting EMIRA PROPERTY FUND (A property fund created under the Emira Property Scheme, registered in terms of the Collective Investment Schemes Control Act No 45 of 2002) Share Code: EMI ISIN: ZAE 000050712 (Approved as a REIT by the JSE) ("Emira" or "the Fund") REPORT ON PROCEEDINGS AT ANNUAL GENERAL MEETING At the 11th (eleventh) annual general meeting ("AGM") of participatory interest (PI) holders held yesterday, 13 November 2014, all the ordinary resolutions and the special resolution proposed at the meeting were approved by the requisite majority of votes. In this regard, Emira confirms the voting statistics from the AGM as follows: Shares voted in relation to the total issued PI capital: Number of PIs voted Total issued PI capital Percentage PIs voted 319 800 644 510 550 084 62,6 Votes carried disclosed as PIs abstained a percentage in relation disclosed as a to the total number of PIs percentage in voted at the meeting relation to the total issued PI capital Ordinary Resolutions For Against 1. Adopt financials 99,7% - 0,2% 2. Re-appoint PricewaterhouseCoopers Inc. 99,7% - 0,2% 3. Issue participatory interests for Cash 81,7% 17,7% 0,4% Special Resolution 1. Repurchase participatory interests 97,5% 1,9% 0,4% Bryanston 14 November 2014 Sponsor RAND MERCHANT BANK (A division of FirstRand Bank Limited) Date: 14/11/2014 03:20:00 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.