Results of Annual General Meeting and Changes to the Texton Board of Directors TEXTON PROPERTY FUND LIMITED Granted REIT status by the JSE (Incorporated in the Republic of South Africa) (Registration number 2005/019302/06) JSE code: TEX ISIN: ZAE000190542 (“Texton” or “the Company”) RESULTS OF ANNUAL GENERAL MEETING AND CHANGES TO THE TEXTON BOARD OF DIRECTORS Texton shareholders are advised that at the Annual General Meeting of shareholders held on Tuesday, 17 November 2015, all the ordinary and special resolutions as proposed in the Notice of the Annual General Meeting, with the exception of ordinary resolution number 3.4, were approved by the requisite majority of members. In this regard, Texton confirms the voting statistics from the AGM as follows: % Issued Votes For % in Votes % Votes Result share favour Against against Abstain capital voted Special resolution number 1: Remuneration payable to non- executive directors 53.48% 201 116 491 100.00% - - 2 080 Carried Special resolution number 2: Repurchase of Company shares 53.48% 200 568 733 99.73% 547 758 0.27% 2 080 Carried Special resolution number 3: Financial assistance 53.48% 198 123 378 98.51% 2 993 113 1.49% 2 080 Carried Special resolution number 4: Authority to directors to allot and 180 225 210 89.61% 20 891 281 10.39% 2 080 Carried issue shares in terms of S41 of the 53.48% Companies Act of South Africa, 2008 as amended Special resolution number 5: Authority to directors to allot and 53.48% 194 438 853 96.68% 6 677 638 3.32% 2 080 Carried issue shares in terms of S41 of the Companies Act of South Africa, 2008 as amended Ordinary resolution number 1: Adoption of annual financial statements for the year ended 53.48% 201 116 491 100.00% - - 2 080 Carried 30 June 2015 Ordinary resolution number 2: Appointment of auditor (KPMG 53.48% 201 116 491 100.00% - - 2 080 Carried Inc.) in terms of section 61(8)(c) of the Companies Act Ordinary resolution number 3.1: of the Companies Act) 53.48% 201 116 491 100.00% - - 2 080 Carried Re-election of PM Tau-Sekati as a director Ordinary resolution number 3.2: Re-election of PD Naidoo as a director 53.48% 201 106 171 99.99%% 10 320 0.01% 2 080 Carried Ordinary resolution number 3.3: Re-election of TS Sishuba as a director 53.48% 201 116 491 100.00% - - 2 080 Carried Ordinary resolution number 3.4: Confirmation of RB Makhubela as a director 53.48% 54 375 826 27.04% 146 740 665 72.96% 2 080 Failed Ordinary resolution number 4.1: Election of audit committee member and chairman: section 53.48% 201 116 491 100.00% - - 2 080 Carried 94(2) of the Companies Act (JR Macey) Ordinary resolution number 4.2: Election of audit committee member: section 94(2) of the 53.48% 201 116 491 100.00% - - 2 080 Carried Companies Act (KN Vundla) Ordinary resolution number 4.3: Election of audit committee member: section 94(2) of the Companies Act (TS Sishuba) 53.48% 201 116 491 100.00% - - 2 080 Carried Ordinary resolution number 5: General but restricted authority to allot and issue authorised but unissued shares 53.48% 172 126 707 85.59% 28 989 784 14.41% 2 080 Carried Ordinary resolution number 6: Specific authority to issue shares to afford shareholders 53.48% 201 116 491 100.00% - - 2 080 Carried distribution reinvestment alternatives Ordinary resolution number 7: Implementation of resolutions 53.48% 201 116 491 100.00% - - 2 080 Carried In terms of paragraph 3.59 of the JSE Listings Requirements, Texton wishes to advise shareholders that Mr. RB Makhubela did not receive the requisite percentage to remain on the Texton Board. The board wishes to thank Mr. RB Makhubela for his contribution to Texton since April 2015 and wish him well in his future endeavors. Dunkeld 17 November 2015 Sponosr Investec Bank Limited Date: 17/11/2015 03:30:00 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.