Acquisitions implemented 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 Share code: OAS ISIN: ZAE000074332 (“Oasis” or “the Fund”) ACQUISITIONS IMPLEMENTED 1. Unitholders are referred to the Fund’s announcement dated 9 September 2015 (“the Announcement”), regarding the Fund’s acquisition of the properties referred to in the Announcement as 265 Victoria Road and 24 Milner Road from, respectively, Oasis Crescent Fund Trust (“OCFT”) and Oasis Crescent Property Company Proprietary Limited (“OCPC”) (“Acquisitions”). 2. The Fund is pleased to announce that all conditions precedent to the Acquisitions have been fulfilled and that registration of transfer of the abovementioned properties occurred at the relevant Deeds Office on Friday, 4 December 2015. 3. As indicated in the Announcement, the purchase consideration of R24 million for 265 Victoria Road and of R18.5 million for 24 Milner Road is to be settled through the issue of Oasis units to the sellers. In this regard, it is confirmed that the Fund today issued a total of 2 296 056 new units to the sellers at an issue price of 1 851 cents per unit, of which: 3.1. 1 296 596 new units were issued to OCFT in consideration for 265 Victoria Road; and 3.2. 999 460 new units were issued to OCPC in consideration for 24 Milner Road. 4. As indicated in the Announcement, possession of each property was taken by the Fund on 1 October 2015, from which date the Fund has been entitled to every benefit arising from the properties and from which date the properties were held by the Fund at its risk. 7 December 2015 Cape Town Designated advisor PSG Capital Proprietary Limited Date: 07/12/2015 05:40:00 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.