INVESTEC PROPERTY FUND LIMITED - Posting of circular and notice of general meeting

Posting of circular and notice of general meeting

INVESTEC PROPERTY FUND LIMITED
(Incorporated in the Republic of South Africa)
(Registration Number 2008/011366/06)
Share code: IPF ISIN: ZAE000155099
(“Investec Property Fund” or “the Fund”)

POSTING OF CIRCULAR AND NOTICE OF GENERAL MEETING

1.   INTRODUCTION

     Investec Property Fund shareholders ("IPF Shareholders") are referred to the announcement released by
     Investec Property Fund on SENS on Thursday, 6 November 2014 and published in the press on Friday, 7
     November 2014, regarding the acquisition by Investec Property Fund of a portfolio of properties from Investec
     Property Proprietary Limited, the management company of the Fund and an indirectly wholly-owned subsidiary
     of Investec Limited (“Investec”) for an aggregate final purchase consideration of R865.1 million at a blended
     yield of 8.29% (“the Investec Acquisition”).

     IPF Shareholders are hereby advised that a circular (“Circular”) has been posted to IPF Shareholders today
     containing, inter alia:

       -    details of the Investec Acquisition;
       -    a notice convening the general meeting of IPF Shareholders (“General Meeting”); and
       -    a form of proxy to vote at the General Meeting (for use only by certificated IPF Shareholders and own-
            name dematerialised IPF Shareholders).

     IPF Shareholders are advised that the Investec Acquisition is subject to the fulfilment of certain conditions
     precedent detailed in the Circular, including approval by a majority of IPF Shareholders (excluding Investec as it
     is a related party) and are advised to review the Circular for a summary of the key terms and conditions of the
     Investec Acquisition.

2.   NOTICE OF IPF SHAREHOLDERS MEETING

     The General Meeting will be held in the 4th floor boardroom at Investec Bank Limited, 100 Grayston Drive,
     Sandown, Sandton, 2196 at 10:00 on Wednesday, 21 January 2015 to consider and, if deemed fit, pass, with or
     without modification, the resolutions necessary to implement the Investec Acquisition and to approve the
     specific authority to issue new Investec Property Fund shares in respect of a dividend reinvestment plan.

3.   IMPORTANT DATES AND TIMES

     The important dates and times in relation to the General Meeting are set out below:

      Record date to be eligible to receive Circular and notice of the General               Friday,    5 December 2014
      Meeting on

      Circular and notices of the General Meeting posted to IPF Shareholders on              Monday,    15 December 2014

      Last day to trade in IPF shares in order to be recorded in the Fund’s                  Friday,     9 January 2015
      register to vote at the General Meeting on

      Record date to be entitled to attend, participate in and vote at the General           Friday,    16 January 2015
      Meeting on

      Proxy forms for the General Meeting requested to be received by no later               Monday,    19 January 2015
      than 10:00 on

      General Meeting held at 10:00 on                                                       Wednesday, 21 January 2015

      Results of the General Meeting released on SENS on                                     Wednesday, 21 January 2015

Notes:

1.   The above dates and times are subject to amendment and any amendment made will be released on
     SENS.

2.   IPF Shareholders should note that as transactions in Shares are settled via the electronic settlement
     system used by Strate, settlement of trades take place five business days after such trade. Therefore IPF
     Shareholders who acquire IPF shares after Friday, 9 January 2015 will not be eligible to participate in and
     vote at the General Meeting.

3.   Investec Property Fund share certificates may not be dematerialised or rematerialised between Friday, 9
     January 2015 and Wednesday, 21 January 2015, both days inclusive.

4.   All times given are South African local times.

5.   If the General Meeting is adjourned or postponed, forms of proxy submitted for the initial General Meeting
     will remain valid in respect of any adjournment or postponement thereof.

Johannesburg
15 December 2014

Investment Bank and Sponsor
Investec Corporate Finance

Legal advisor
Fluxmans Inc.

Independent Reporting Accountants
Ernst & Young

Independent Expert
Grant Thornton

Date: 15/12/2014 04:45:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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