Amendment to the salient dates and times SA CORPORATE REAL ESTATE FUND (A portfolio forming part of SA Corporate Real Estate Trust Scheme, a Collective Investment Scheme in property registered in terms of the Collective Investment Schemes Control Act, No. 45 of 2002) (Approved as a REIT by the JSE Limited) JSE share code: SAC ISIN: ZAE000083614 (“SA Corporate”) Managed by SA Corporate Real Estate Fund Managers Limited (Registration number 1994/009895/06) (Incorporated in the Republic of South Africa) (“the Manager”) SA CORPORATE REAL ESTATE LIMITED (Incorporated in the Republic of South Africa) (Registration number 2015/015578/06) JSE share code: SAC ISIN: ZAE000203238 (“Newco”) AMENDMENT TO THE SALIENT DATES AND TIMES FOR THE ESTABLISHMENT OF SA CORPORATE REAL ESTATE FUND AS AN INTERNALLY MANAGED CORPORATE REIT AND THE LISTING OF NEWCO SA CORPORATE CONVERSION CIRCULAR 1. Introduction SA Corporate unitholders (“Unitholders”) are referred to the previous announcements released on the Securities Exchange News Service (“SENS”) on 30 April 2015 and 29 May 2015, regarding the proposed transaction whereby SA Corporate will be reconstituted to an internally managed corporate Real Estate Investment Trust and listed on the Johannesburg Stock Exchange as Newco (the “Transaction”). The salient dates and times of the Transaction have been amended and the revised dates and times are set out below. 2. Salient dates of the Transaction (revised) The revised salient dates and times of the Transaction are as follows: 2015 i) Finalisation announcement released on SENS on Friday, 26 June ii) Finalisation announcement published in the press on Monday, 29 June iii) Effective Date of the Transaction Wednesday, 1 July iv) Last day to trade in SA Corporate Units on the JSE to Friday, 3 July participate in the Transaction v) Anticipated listing of Newco on the JSE from the Monday, 6 July commencement of trade on vi) SA Corporate Units suspended from the commencement of Monday, 6 July trade on vii) Trading in Newco shares with the JSE share code: SAC and Monday, 6 July ISIN: ZAE000203238 commences on viii) Record date to participate in the delisting and to be entitled to Friday, 10 July receive Newco shares ix) Accounts at CSDP or broker updated in respect of Monday, 13 July dematerialised shareholders x) Expected date of posting of Newco share certificates to Monday, 13 July certificated shareholders xi) Delisting of SA Corporate Units from the JSE at Monday, 13 July commencement of trade on All dates and times are local dates and times in South Africa. Any changes to the above dates and times will be released on SENS. Sandton 19 June 2015 Corporate Advisor and Transaction Sponsor Investec Bank Limited Attorneys, Tax and Competition Law Advisors Cliffe Dekker Hofmeyr Independent Reporting Accountants and Auditors Deloitte & Touche Sponsor Nedbank Date: 19/06/2015 02:18:00 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.