EMIRA PROPERTY FUND - Disclosure of significant holdings of Emira participatory interests

Disclosure of significant holdings of Emira participatory interests

Emira Property Fund
(A property fund created under the Emira Property Scheme, registered in terms of the Collective
Investments Schemes Control Act No. 45 of 2002)
JSE code: EMI & ISIN: ZAE000050712
(Approved as a REIT by the JSE)
(“Emira” or "the Fund")

DISCLOSURE OF SIGNIFICANT HOLDINGS OF EMIRA PARTICIPATORY INTERESTS

Emira participatory interest (PI) holders are referred to the announcement released by Little Swift
Investment 435 Proprietary Limited (“Little Swift”), a wholly owned subsidiary of Kagiso Tiso Holdings
Proprietary Limited (“KTH”) on Bloomberg on 27 May 2015, in which KTH announced the launch of an
accelerated offering of its remaining 29,316,187 PIs in Emira.

In accordance with the JSE Limited Listings Requirements and Section 122 of the Companies Act
2008, PI holders are advised that the Fund has received formal notification from Little Swift that it has
disposed of its beneficial interest in the PIs of the Fund, such that the total interest in the securities of
the Fund held by Little Swift now amounts to 0% of the total issued capital of the Fund. The PIs were
taken up by a broad selection of institutional investors.

Whilst Emira and KTH have enjoyed a longstanding relationship since 2006, Emira recognizes KTH’s
change in strategic focus and is supportive of their decision to dispose of its remaining PIs in a
coordinated manner through an accelerated offering. Emira would further like to thank KTH for its
continued support and contribution to Emira which it has made as a PI holder.

Emira remains committed to transformation in the South African property sector and will continue to
evaluate various alternatives to maintain and further improve its performance in this regard in the
future.


28 May 2015
Bryanston


Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)

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