Finalisation announcement and salient dates for the conversion of Rebosis’ linked unit capital structure 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) (“Rebosis” or “the company”) FINALISATION ANNOUNCEMENT AND SALIENT DATES FOR THE CONVERSION OF REBOSIS’ LINKED UNIT CAPITAL STRUCTURE Linked unitholders are referred to the announcement released on SENS on 30 March 2015, wherein the salient dates and times in respect of: - the conversion of the company’s current linked unit capital structure to an all share structure to be effected by way of a scheme of arrangement in terms of section 114 of the Companies Act, 71 of 2008 (the “scheme”); - the amendment of Rebosis’ Memorandum of Incorporation to enable the scheme and the creation of a new class of “A” ordinary shares; - the amendment of Rebosis’ Debenture Trust Deed to enable the scheme; - the increase of Rebosis’ authorised share capital; - the creation of a new class of Rebosis “A” ordinary shares; - the adoption of a new Memorandum of Incorporation to give effect to the changes in Rebosis’ capital structure; and - the subsequent termination of Rebosis’ Debenture Trust Deed, (collectively the “transactions”) were announced, as well as the announcement released on SENS on 30 April 2015 wherein linked unitholders were advised that all resolutions required to approve the transactions were passed by the requisite majority of Rebosis debenture holders and shareholders, respectively. Linked unitholders are also referred to the announcement released on SENS on 22 May 2015 wherein linked unitholders were advised that the registration of the special resolutions in respect of the transactions had been delayed due to backlogs with the Companies and Intellectual Property Commission (“CIPC”). The special resolutions in respect of the transactions, together with all prescribed documents, have now been registered by the CIPC. The Takeover Regulation Panel has issued a compliance certificate in terms of section 119(4) of the Companies Act, 71 of 2008, with the result that the transactions have now become unconditional in accordance with their terms. Accordingly the transactions will be implemented in accordance with the timetable set out below. 2015 Finalisation date announcement expected to be published in the press Monday, 1 June Last day to trade in existing linked units on the JSE prior to the delinking of the linked units and the capitalisation of the debentures Friday, 5 June Trading in delinked ordinary shares of no par value under the new ISIN: ZAE000201687 and the existing code of “REB” commences Monday, 8 June Suspension of listing of linked units on the JSE Monday, 8 June Scheme implementation record date for the delinking of the linked units and the capitalisation of the debentures at the close of business Friday, 12 June Scheme operative date Monday, 15 June Date dematerialised shareholders will have their accounts updated at their CSDP or broker Monday, 15 June Date of issue of new replacement share certificates provided that the old linked unit certificates have been surrendered by 12:00 on Friday, 12 June 2015 (any certificated linked units surrendered after this date will be replaced within five business days after receipt by the transfer secretaries) Monday, 15 June Termination of listing of linked units (at the commencement of trade) Monday, 15 June Notes: 1. All times set out above are local times in South Africa. 2. No dematerialisation of linked unit certificates may take place after Friday, 5 June 2015. 29 May 2015 Corporate advisor, debenture trustee and sponsor Independent expert Legal advisor Java Capital Mazars Corporate Finance Cliffe Dekker Hofmeyr Date: 29/05/2015 11:38:00 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.