Results of general meeting EQUITES PROPERTY FUND LIMITED (formerly VB Transport (Proprietary) Limited) (Incorporated in the Republic of South Africa) (Registration number 2013/080877/06) JSE share code: EQU ISIN: ZAE000188843 (Approved as a REIT by the JSE) (“Equites”) RESULTS OF GENERAL MEETING Shareholders are referred to the announcements released on SENS on 25 February 2015 and 26 March 2015 wherein shareholders were advised that Equites had posted a circular (“circular”) relating to: - the acquisition by Equites of the airport land property at the purchase consideration, and otherwise on the terms and subject to the conditions set out in the circular; and - authorising any one of the directors of Equites to do all things and sign all documents required to give effect to the transaction. Details of the results of voting at the general meeting are as follows: - total number of Equites shareholders that could have been voted at the general meeting: 103 220 778; - total number of Equites shareholders that were represented at the general meeting: 62 354 885; - being 60.41% of the total number of Equites shareholders that could have been voted at the general meeting. Ordinary resolution 1 – Approval of the transaction Shares voted* For Against Abstentions 62 353 885 60 215 566, being 96.57% 2 138 319, being 3.43% 1 000 Ordinary resolution 2 – Authorisation of the directors Shares voted* For Against Abstentions 62 353 885 60 215 566, being 96.57% 2 138 319, being 3.43% 1 000 * Excluding abstentions Given that the transaction is being treated as a related party transaction, in terms of 10.9(f) of the Listings Requirements, the votes of the related party, Johnny Cullum, and his associates were not taken into account in determining the results of the voting at the general meeting. Shareholders are advised that the acquisition is subject to the conclusion of an infrastructural services contract between Equites and CSV Construction and a further announcement will be made in this regard. 28 April 2015 Corporate advisor and sponsor Java Capital Date: 28/04/2015 04:11:00 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.