OASIS CRESCENT PROPERTY FUND - Distribution Results Announcement

Distribution Results Announcement

Oasis Crescent Property Fund
A property fund created under the Oasis Crescent Property Trust
Scheme registered in terms of the Collective Investment Schemes
Control Act (Act 45 of 2002) having REIT status with the JSE
Limited
Share code: OAS
ISIN: ZAE000074332
(“the Fund”)

DISTRIBUTION RESULTS ANNOUNCEMENT

1.   Unitholders are referred to the announcements released by the
     Fund on SENS on 14 October 2015 and 30 October 2015, regarding
     the Fund’s distribution in respect of the six months ended 30
     September 2015, as well as the circular to unitholders dated 30
     October 2015, in this regard.

2.   As indicated in the above announcements and circular,
     unitholders could elect to receive in cash the distribution of
     6,057.265 cents (in aggregate), after non-permissible income,
     for every 100 units held (“Cash Distribution”), failing which
     the distribution would be reinvested at the rate of 3.06193
     units at 1,978.25 cents per unit (in aggregate) for every 100
     units so held (“Unit Reinvestment”). Non-resident unitholders
     are referred to those sections of the abovementioned
     announcements and circular dealing with the reinvestment ratio
     and cash distribution ratio for non-resident unitholders. The
     deadline for the above election was 12:00 on Friday, 20
     November 2015.

3.   Unitholders holding 1 070 103 units or 2.2% of units qualifying
     to receive the distribution, elected to receive the Cash
     Distribution, resulting in a Cash Distribution of R648 189.75,
     gross of tax.

4.   The remaining unitholders, holding 46 779 332 units, reinvested
     their distribution, amounting to R28 335 481.05, gross of tax
     (R28 099 224.74 net of tax), resulting in the issuing of 1 420
     416 new units.

5.   Unitholders are advised that on Monday, 23 November 2015
     distribution cheques were posted to those certificated
     unitholders, and distribution payments were credited to the
     Central Securities Depositary Participant (“CSDP”) accounts or
     to the broker custody accounts of those dematerialised
     unitholders, who elected to receive the Cash Distribution.

6.   Unitholders are advised that on Wednesday, 25 November 2015 new
     unit certificates were posted to those certificated
     unitholders, and new units were credited to the CSDP accounts
     or broker custody accounts of those dematerialised unitholders,
     who qualified for the Unit Reinvestment.

7.   The number of listed units will be adjusted on or about Friday,
     27 November 2015, based on the results of the distribution.

8.   Unitholders are referred to the Fund’s announcement on 14
     October 2015 and the Fund’s abovementioned circular to
     unitholders dated 30 October 2015, for details on the tax
     implications of the distribution.

25 November 2015
Cape Town

Designated Advisor
PSG Capital Proprietary Limited

Date: 25/11/2015 05:30:00 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.