Finalisation announcement and salient dates in respect of delta’s capital conversion Delta Property Fund Limited (Incorporated in the Republic of South Africa) (Registration number 2002/005129/06) Share code: DLT ISIN: ZAE000172052 ("Delta" or “the Company”) REIT status approved FINALISATION ANNOUNCEMENT AND SALIENT DATES IN RESPECT OF DELTA’S CAPITAL CONVERSION 1. Introduction Holders of Delta linked units (“Linked Unitholders”) are referred to the announcement released on SENS on 2 October 2014 wherein Linked Unitholders were advised that the all resolutions required to be passed by Delta debenture holders and Delta shareholders to approve the conversion the Company’s current linked unit capital structure to an ordinary share structure (“the transaction”) were passed by the requisite majority of Delta debenture holders and Delta shareholders, respectively. The special resolutions in respect of the transaction, together with all prescribed documents, have been registered by the CIPC. The Takeover Regulation Panel has issued a compliance certificate in terms of section 119(4) of the Companies Act, 71 of 2008, with the result that the transaction is unconditional and will accordingly be implemented in accordance with the timetable set out below. 2014 Last day to trade in existing Delta linked units on Friday, 5 December the JSE prior to the delinking of the Delta linked units and the capitalisation of the Delta debentures on Trading in ordinary shares of no par value under the Monday,8 December new ISIN: ZAE000194049 and the existing code of “DLT” commences on Scheme implementation record date for the delinking of Friday, 12 December the linked units and the capitalisation of the debentures at the close of business on Scheme operative date Monday, 15 December Dematerialised shareholders will have their accounts Monday, 15 December updated at their CSDP or broker on Issue of new replacement share certificates provided Monday, 15 December that the old linked unit certificates have been surrendered by 12h00 on Friday, 12 December 2014 (any certificated linked units surrendered after this date will be replaced within five business days after receipt by the transfer secretaries) Termination of listing of Delta linked units (at the Monday, 15 December commencement of trade) on 26 November 2014 Johannesburg Investment bank and sponsor Nedbank Capital Date: 26/11/2014 08:45:00 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.