Results of Annual General Meeting TEXTON PROPERTY FUND LIMITED (formerly Vunani Property Investment Fund Limited) Granted REIT status by the JSE (Incorporated in the Republic of South Africa) (Registration number 2005/019302/06) JSE code: TEX ISIN: ZAE000190542 (formerly ISIN: ZAE000185872) (“Texton” or “the Company”) RESULTS OF ANNUAL GENERAL MEETING Texton shareholders are advised that at the Annual General Meeting of shareholders held on Thursday, 18 November 2014, all the ordinary and special resolutions as proposed in the Notice of the Annual General Meeting, with the exception of ordinary resolution number 6 (Issue of shares for cash) which was withdrawn, were approved by the requisite majority of members. In this regard, Texton confirms the voting statistics from the AGM as follows: % Issued Votes For % in Votes % Votes Result share favour Against against Abstain capital voted Special resolution number 1: Remuneration payable to non- executive directors 64.44% 120 799 126 100.00% - - 27 000 Carried Special resolution number 2: Repurchase of Company shares 64.44% 119 029 870 98.54% 1 769 256 1.46% 27 000 Carried Special resolution number 3: Financial assistance 64.44% 120 799 126 100.00% - - 27 000 Carried Ordinary resolution number 1: Adoption of annual financial statements for the year ended 30 June 2014 64.44% 120 799 126 100.00% - - 27 000 Carried Ordinary resolution number 2: Appointment of auditor (KPMG Inc.) in terms of section 61(8)(c) of the Companies Act) 64.44% 120 799 126 100.00% - - 27 000 Carried Ordinary resolution number 3: Re-election of M de Lange as a director 64.44% 120 799 126 100.00% - - 27 000 Carried Ordinary resolution number 3: Re-election of RF Kane as a director 64.44% 120 799 126 100.00% - - 27 000 Carried Ordinary resolution number 3: Re-election of JR Macey as a director 64.44% 120 799 126 100.00% - - 27 000 Carried Ordinary resolution number 3: Re-election of KN Vundla as a director 64.44% 120 799 126 100.00% - - 27 000 Carried Ordinary resolution number 3: Confirmation of NV Balfour as a director 64.44% 120 799 126 100.00% - - 27 000 Carried Ordinary resolution number 3: Confirmation of AN du Hecquet de Rauville as a director 64.44% 120 041 651 99.37% 757 475 0.63% 27 000 Carried Ordinary resolution number 3: Confirmation of JA Legh as a director 64.44% 120 799 126 100.00% - - 27 000 Carried Ordinary resolution number 3: Confirmation of MJ van Heerden as a director 64.44% 120 799 126 100.00% - - 27 000 Carried Ordinary resolution number 3: Confirmation of TS Sishuba as a director 64.44% 120 799 126 100.00% - - 27 000 Carried Ordinary resolution number 4: Election of audit committee member and chairman: section 94(2) of the Companies Act (JR Macey) 64.44% 120 799 126 100.00% - - 27 000 Carried Ordinary resolution number 4: 64.44% 120 799 126 100.00% - - 27 000 Carried Election of audit committee member: section 94(2) of the Companies Act (KN Vundla) Ordinary resolution number 4: Election of audit committee member: section 94(2) of the Companies Act (TS Sishuba) 64.44% 120 799 126 100.00% - - 27 000 Carried Ordinary resolution number 5: General but restricted authority to allot and issue authorised but unissued shares 64.44% 95 568 366 79.11% 25 230 760 20.89% 27 000 Carried Ordinary resolution number 7: Specific authority to issue shares to afford shareholders distribution reinvestment alternatives 64.44% 120 799 126 100.00% - - 27 000 Carried Ordinary resolution number 8: Implementation of resolutions 64.44% 120 799 126 100.00% - - 27 000 Carried Dunkeld West 19 December 2014 Sponsor Investec Bank Limited Date: 19/12/2014 10:00:00 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.