Additional Disclosure Of Group Property Portfolio Information And Segmental Information REBOSIS PROPERTY FUND LIMITED (Incorporated in the Republic of South Africa) (Registration number 2010/003468/06) JSE share code: REB ISIN: ZAE000201687 (Approved as a REIT by the JSE) (“Rebosis” or the “Company”) ADDITIONAL DISCLOSURE OF GROUP PROPERTY PORTFOLIO INFORMATION AND SEGMENTAL INFORMATION Shareholders are advised that the company’s audited financial statements for the year ended 31 August 2015 (“AFS”) and the interim results for the period ended 28 February 2015 (“interim results announcement”) were selected for review as part of the JSE Limited’s (“JSE”) pro-active monitoring process. Following the review process, the JSE has requested an announcement to disclose the group information in respect of certain disclosures relating to the property portfolio. Shareholders are referred to the annual financial statements for the year ended 31 August 2015, dispatched to shareholders on Monday, 29 February 2016 (the “August 2015 AFS”) and are advised that the information in respect of the property portfolio disclosed therein included information for the Company only, and not the Group. The respective subsidiary companies of Rebosis which include Ascension Properties Limited (Ascension”) (59% ownership) and New Frontier Limited (“New Frontier”) (62% ownership) released their own full set of financial statements for the same financial year. The additional information in respect of the property portfolio for the Group (in accordance with section 13.18 of the JSE Listings Requirements) is disclosed below. GROUP PROPERTY PORTFOLIO INFORMATION UNAUDITED For the year ended 31 August 2015 Kwa- a) GEOGRAPHICAL Eastern Zulu North Western PROFILE % Cape Gauteng Natal West Mpumalanga Cape UK By GLA 11% 45% 2% 1% 2% 14% 25% By value 14% 46% 2% 1% 1% 11% 25% By net property income 21% 61% 3% 3% -* -* 12% By revenue 26% 52% 3% 3% -* -* 16% * These geographic areas consist of the Ascension property portfolio. The effective date of acquisition of the Ascension property portfolio was 31 August 2015. As of this date no income relating to Ascension was included in the group for the year ended 31 August 2015. b) SECTORAL PROFILE % Retail Office Industrial By GLA 42% 54% 4% By value 47% 52% 1% By net property income 47% 51% 2% By revenue 44% 55% 1% c) TENANT PROFILE % Rebosis’ policy is to grade tenants on the following basis: A = National and provincial government, large metro municipalities, national retailers and large blue chip companies B = Medium sized companies and franchisees C = Other small tenants The Group’s tenant profile at 31 August 2015 was as follows: Rebosis Property Ascension Property New Frontier Portfolio Portfolio Property Portfolio Gross Gross Gross monthly monthly monthly rental GLA rental GLA rental GLA A Retail 32% 29% - - 83% 79% Office 54% 52% 66% 66% - - Industrial 2% 4% - - - - Total A grade 88% 85% 66% 66% 83% 79% B Retail 6% 5% - - 2% 1% Office - - 7% 6% - - Industrial - - - - - - Total B grade 6% 5% 7% 6% 2% 1% C Retail 4% 5% - - 15% 16% Office 2% 2% 24% 17% - - Industrial - - 3% 5% - - Total C grade 6% 7% 27% 22% 15% 16% Total portfolio excluding vacancies 100% 97% 100% 94% 100% 96% Vacancy Retail - 1% - - - 4% Office - 2% - 5% - - Industrial - - - 1% - - Total vacancy - 3% - 6% - 4% Total portfolio 100% 100% 100% 100% 100% 100% Total number of tenants in C grade 65 65 449 449 76 76 d) VACANCY PROFILE Rebosis Property Ascension Property New Frontier By sector by rentable area Portfolio Portfolio Property Portfolio % % % Retail 41% - 100% Office 59% 93% - Industrial - 7% - Total 100% 100% 100% e) LEASE EXPIRY PROFILE REBOSIS PROPERTY By revenue % By GLA % PORTFOLIO Retail Office Ind. Total Retail Office Ind. Total Vacant - - - - 3% 3% - 3% Monthly - - - - - - - - 31 August 2016 18% 8% - 12% 13% 7% - 9% 31 August 2017 12% 20% - 16% 9% 20% - 15% 31 August 2018 17% 20% - 18% 18% 21% - 19% 31 August 2019 16% 9% 100% 15% 15% 8% 100% 15% After 31 August 2019 37% 43% - 39% 42% 41% - 39% Total 100% 100% 100% 100% 100% 100% 100% 100% ASCENSION PROPERTY By Revenue By GLA % % PORTFOLIO Retail Office Ind. Total Retail Office Ind. Total Vacant - - - - - 6% 1% 6% Monthly - - - - - 1% 1% 1% 31 August 2016 - 26% 40% 23% - 30% 40% 29% 31 August 2017 - 5% 5% 6% - 4% 8% 5% 31 August 2018 - 15% 18% 16% - 21% 9% 20% 31 August 2019 - 26% 4% 22% - 16% 4% 14% After 31 August 2019 - 28% 33% 33% - 22% 37% 25% Total - 100% 100% 100% - 100% 100% 100% NEW FRONTIER PROPERTY By revenue By GLA % % PORTFOLIO Retail Office Ind. Total Retail Office Ind. Total Vacant - - - - 4% - - 4% Monthly - - - - - - - - 31 August 2016 13% - - 13% 12% - - 12% 31 August 2017 24% - - 24% 23% - - 23% 31 August 2018 9% - - 9% 9% - - 9% 31 August 2019 5% - - 5% 5% - - 5% After 31 August 2019 49% - - 49% 47% - - 47% Total 100% - - 100% 100% - - 100% f) WEIGHTED AVERAGE RENTAL PER M2 Rebosis Property Ascension Property New Frontier By rentable area per sector Portfolio Portfolio Property Portfolio Retail R128,1 - £181.9 Office R94,5 R102,0 - Industrial R62,0 R47,4 - Total R106,1 R99,1 £181.9 g) WEIGHTED AVERAGE RENTAL ESCALATION Rebosis Property Ascension Property New Frontier PROFILE Portfolio Portfolio Property Portfolio By sector and rentable area % % % Retail 7,4% - N/A** Office 8,6% 8,8% - Industrial 7,0% 7,6% - Total GLA 8,0% 8,6% N/A ** Rentals are not escalated as the UK properties are in a low inflationary environment. h) AVERAGE ANNUALISED Rebosis Property Ascension Property New Frontier PROPERTY YIELD Portfolio Portfolio Property Portfolio % % % Total 8,5% 9,8% 6,6% Shareholders are also referred to the unaudited results for the six months ended 29 February 2016, released on SENS on Wednesday, 14 April 2016 (the “interim results announcement”) and are advised that the information in respect of the property portfolio disclosed therein included information for the Company only, and not the Group. In addition, the interim results announcement did not disclose details of the group operating segments as required by IFRS. The additional information in respect of the property portfolio for the Group (in accordance with section 13.18 of the JSE Listings Requirements) and the operating segments information is disclosed below. GROUP PROPERTY PORTFOLIO INFORMATION UNAUDITED For the six months ended 29 February 2016 GEOGRAPHICAL Eastern Kwa-Zulu North Western SPREAD % Cape Gauteng Natal West Mpumalanga Cape UK By GLA 10% 42% 2% 1% 2% 12% 31% By value 13% 41% 1% 1% 1% 9% 34% By net income 11% 47% 2% 1% 2% 10% 27% By revenue 15% 46% 2% 1% 1% 9% 26% SECTORAL SPREAD % Retail Office Industrial By GLA 47% 49% 4% By value 55% 44% 1% By net income 45% 53% 2% By revenue 48% 50% 2% OPERATING SEGMENTS DISCLOSURE UNAUDITED For six months ended 29 February 2016 Property portfolio Admin and corporate Retail Office Industrial Total costs Total 2016 R000 R000 R000 R000 R000 R000 Property portfolio 404 932 412 580 15 180 832 692 46 832 738 Contractual rental income 411 120 421 944 12 776 845 840 - 845 840 Listed property securities income - - - - 46 46 Straight line rental income accrual (6 188) (9 364) 2 404 (13 148) - (13 148) Net income from facilities management - 10 577 - 10 577 - 10 577 Management fees received - - - - 9 191 9 191 Sundry income 573 8 - 581 128 709 Total revenue 405 505 423 165 15 180 843 850 9 365 853 215 Operating costs (98 695) (62 276) (1 608) (162 579) - (162 579) Administration and corporate costs - - - - (108 217) (108 217) Changes in fair values 517 972 620 900 16 072 1 154 944 (69 946) 1 084 998 Finance charges - - - - (279 210) (279 210) Segment profit before taxation 824 782 981 789 29 644 1 836 215 (448 008) 1 388 207 Investment property 9 844 961 8 253 200 235 000 18 333 161 - 18 333 161 Other assets 5 467 97 973 - 103 440 513 253 616 693 Total assets 9 850 428 8 351 173 235 000 18 436 601 513 253 18 949 854 Total liabilitie 16 903 30 668 - 47 571 9 566 911 9 614 482 All other information contained in the August 2015 AFS and interim results announcement remains unchanged. 27 September 2016 Sponsor Java Capital Date: 27/09/2016 05:00:00 Produced by the JSE SENS Department. 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