REBOSIS PROPERTY FUND LIMITED - Proposed modification of certain resolutions proposed for adoption at the annual general meeting of the company

Proposed modification of certain resolutions proposed for adoption at the annual general meeting of the company

REBOSIS PROPERTY FUND LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 2010/003468/06)
JSE share code: REB ISIN: ZAE000156147
(Approved as a REIT by the JSE)
(“the company”)


PROPOSED MODIFICATION OF CERTAIN RESOLUTIONS PROPOSED FOR ADOPTION AT THE ANNUAL GENERAL MEETING OF THE COMPANY


Linked unitholders are referred to the notice convening the annual general meeting of the company, to be held at 10:00
on Wednesday, 18 March 2015 at the offices of the company at 3rd Floor, Palazzo Towers West, Montecasino
Boulevard, Fourways.

Following feedback from institutional linked unitholders, the company has decided to limit the scope of authority
granted to the board of directors in terms of ordinary resolution number 7, granting a general authority to the board of
directors to issue linked units for cash and proposed for adoption by linked unitholders on the following basis:

    -   to reduce the total number of linked units which may be issued for cash in terms of this authority from
        43 401 056 linked units, being 10% of the company’s issued linked units at the date of the notice of annual
        general meeting to 21 700 528 linked units, being 5% of the company’s issued linked units at the date of the
        notice of annual general meeting; and

    -   to reduce the maximum discount at which the linked units may be issued from 10% to 5% of the weighted
        average traded price on the JSE of those linked units over the 30 business days prior to the date that the price
        of the issue is agreed.

In addition, in respect of and in order to correct an omission in ordinary resolution 6, placing the authorised but
unissued linked units of the company under the control of the board of directors, the following modification will be
proposed at the annual general meeting:

    -   the maximum discount to be applied when linked units are allotted, issued or disposed of shall be 5% of the
        weighted average traded price on the JSE of those linked units over the 30 business days prior to the date of
        allotment, issue or disposal as the case may be, adjusted for a distribution where the ex date in respect of the
        distribution occurs during the 30 day period in question.

In terms of the notice of annual general meeting, linked unitholders of the company holding certificated linked units
and/or dematerialised linked unitholders who have elected “own-name” registration were requested to lodge their
proxy forms with the transfer secretaries, Computershare Investor Services Proprietary Limited, to be received at least
48 hours prior to the meeting. However, the board of directors of the company wishes to advise linked unitholders that
proxy forms not delivered to the transfer secretaries by 10:00 on Monday, 16 March 2015, may still be lodged prior to
the annual general meeting by no later than 10:00 on Tuesday, 17 March 2015.

An amended notice containing the proposed modifications can be found on the company’s website at
www.rebosis.co.za.

12 March 2015


Sponsor

Java Capital

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