Results of the notice of written resolution of shareholders SA CORPORATE REAL ESTATE LIMITED (Incorporated in the Republic of South Africa) (Registration number 2015/015578/06) JSE share code: SAC ISIN: ZAE000203238 (“SA Corporate” or “the Company”) RESULTS OF THE NOTICE OF WRITTEN RESOLUTION OF SHAREHOLDERS IN TERMS OF SECTION 60 OF THE COMPANIES ACT, 71 OF 2008, AS AMENDED, (“COMPANIES ACT”) IN RESPECT OF PLACING UNISSUED AUTHORISED SHARES OF THE COMPANY UNDER THE CONTROL OF THE DIRECTORS ("ORDINARY RESOLUTION") 1. Introduction Shareholders of the Company (“Shareholders”) are referred to the announcement released on the Stock Exchange News Service of the JSE Limited (“JSE”) on 12 October 2015, regarding the notice of an ordinary resolution to be considered and voted on in writing by Shareholders relating to 350 000 000 authorised but unissued ordinary shares of no par value (“Shares”) being placed under the control of the board of directors of the Company (“Directors”) in respect of an offer of Shares to existing Shareholders pro rata to their shareholdings at their discretion ( “Notice”). Shareholders are hereby advised that the Ordinary Resolution contained in the Notice was passed by the requisite majority of votes of Shareholders. 2. Results of the voting in terms of the Notice Details of the results of voting in terms of the Notice were as follows: Resolution Number of Percentage For** Against** Abstained Shares voted of Shares % % *** in issue* % % To place 350 000 000 1 461 919 063 72.22 94.96% 5.04% 0.00 unissued authorised Shares of the Company under the control of the Directors for purposes of a pro rata issue of Shares * Based on 2 024 162 410 Shares in issue ** In relation to the total number of Shares voted in terms of the Notice *** In relation to the total number of Shares in issue at the date of the Notice Sandton 10 November 2015 Joint Corporate Advisor and Transaction Sponsor Investec Bank Limited Joint Corporate Advisor and Transaction Sponsor Absa Bank Limited (acting through its Corporate and Investment Banking Division) Attorneys, Tax and Competition Law Advisors Cliffe Dekker Hofmeyr Sponsor Nedbank CIB Date: 10/11/2015 12:18:00 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.