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 3 May 2016 and 20 May 2016, regarding the
     Fund’s distribution in respect of the six months ended 31 March
     2016, as well as the circular to unitholders dated 20 May 2016,
     in this regard.

2.   As indicated in the above announcements and circular,
     unitholders could elect to receive in cash the distribution of
     5,504.971 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 2.621 units
     at 2,101 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 12:00pm on Friday, 10 June 2016.

3.   Unitholders holding 989 469 units or 1.92% of units qualifying
     to receive the distribution, elected to receive the Cash
     Distribution, resulting in a Cash Distribution of R544 699.82,
     gross of tax.

4.   The remaining unitholders, holding 50 576 438 units or 98.08%
     of units qualifying to receive the distribution, reinvested
     their distribution, amounting to R27 842 182.44, gross of tax
     (R27 354 985.83 net of tax), resulting in the issuing of
     1 301 896 new units.

5.   Unitholders are advised that on Monday, 13 June 2016
     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, 15 June 2016 new
     unit certificates will be posted to those certificated
     unitholders, and new units will be 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,
     17 June 2016, based on the results of the distribution.

8.   Unitholders are referred to the Fund’s announcement on 3 May
     2016 and, the Fund’s abovementioned circular to unitholders
     dated 20 May 2016, for details on the tax implications of the
     distribution.

13 June 2016
Cape Town

Designated Advisor
PSG Capital Proprietary Limited

Date: 13/06/2016 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.