Results of rights offer RESILIENT PROPERTY INCOME FUND LIMITED (Incorporated in the Republic of South Africa) (Registration number 2002/016851/06) JSE share code: RES ISIN: ZAE000190807 (Approved as a REIT by the JSE) (“Resilient” or “the company”) RESULTS OF RIGHTS OFFER Shareholders are referred to the circular (the “circular”) that was posted on Tuesday, 2 June 2015 containing details of the rights offer to Resilient shareholders of a total of 32 696 124 Resilient shares (“rights offer shares”) at an issue price of R85 per share (the “rights offer”). Resilient shareholders are notified that the rights offer closed on Friday, 19 June 2015 and are advised that, in respect of the rights offer shares, which were offered to shareholders and/or their renouncees, a total of 45 766 599 Resilient shares, being 140% of the rights offer shares, were applied for in terms of the rights offer. Applications included excess applications for 13 307 138 Resilient shares, of which 236 663 rights offer shares will be allocated equitably, taking cognisance of the number of shares and rights held by each shareholder immediately prior to such allocation, including those taken up as a result of the rights offer, and the number of excess shares applied for by such shareholder. Dematerialised shareholders who have subscribed for rights offer shares will have their accounts debited and updated by their CSDP/broker on Monday, 22 June 2015. There are no certificated shareholders who have subscribed for rights offer shares. Dematerialised shareholders on the share register who applied for excess rights offer shares will have the excess shares allocated to them and their accounts debited by their CSDP/broker on Wednesday, 24 June 2015. The date of the commencement of trading of the rights offer shares on the JSE is Monday, 22 June 2015. Following the issue of the 32 696 124 rights offer shares, the total issued share capital of the company will increase to 376 747 796 shares. 22 June 2015 Corporate advisor and sponsor Java Capital Date: 22/06/2015 07:53:00 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.