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 Thursday, 17 November 2016, all the ordinary and special resolutions as proposed in the Notice of the Annual General Meeting, with the exception special resolution number 4, which was withdrawn, and special resolution number 5 and ordinary resolution number 6, were approved by the requisite majority of members.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 favour Against against Abstain share capital voted Special resolution number 1: Remuneration payable to non- executive directors 74.1% 274 650 468 98.6% 3 842 053 1.4% 2 283 054 Carried Special resolution number 2: Repurchase of Company shares 74.2% 274 775 631 98.2% 5 129 866 1.8% 870 078 Carried Special resolution number 3: Financial assistance 74.4% 273 375 357 97.7% 6 531 754 2.3% 868 464 Carried Special resolution number 4: Authority to directors to allot and issue shares in terms of S41 of the Withdrawn Companies Act of South Africa, 2008 as amended Special resolution number 5: Authority to directors to allot and issue 156 664 825 56.0% 123 238 686 44.0% 872 064 Not carried shares in terms of S41 of the 74.4% Companies Act of South Africa, 2008 as amended Special resolution number 6: 74.4% 278 074 094 Amendment of the Company’s 870 078 Carried memorandum of incorporation 99.3% 1 831 403 0.7% Ordinary resolution number 1: Adoption of annual financial statements for the year ended 30 June 2016 74.4% 279 905 497 100.0% - - 870 078 Carried Ordinary resolution number 2: Appointment of auditor (KPMG Inc.) in terms of section 61(8)(c) of the Companies Act 74.4% 279 905 497 100.0% - - 870 078 Carried of the Companies Act) Ordinary resolution number 3.1.1: Re-election of NV Balfour as a director 74.4% 278 440 767 99.5% 1 463 730 0.5% 871 078 Carried Ordinary resolution number 3.1.2: Re-election of JA Legh as a director 74.4% 257 477 240 92.0% 22 427 257 8.0% 871 078 Carried Ordinary resolution number 3.1.3: Re-election of MJ van Heerden as a director 74.4% 261 186 071 93.3% 18 718 426 6.7% 871 078 Carried Ordinary resolution number 3.2.1: Confirmation of appointment of ZP Ntshalintshali as a director 74.4% 265 383 509 94.8% 14 520 988 5.2% 871 078 Carried Ordinary resolution number 3.2.2: Confirmation of appointment of N Morris as a director 74.4% 272 678 601 97.4% 7 225 896 2.6% 871 078 Carried Ordinary resolution number 3.2.3: Confirmation of appointment of B de Bruyn as a director 74.4% 272 678 601 97.4% 7 225 896 2.6% 871 078 Carried Ordinary resolution number 4.1: Election of audit committee member and chairman: section 94(2) of the Companies Act (JR Macey) 74.4% 279 904 497 100.0% - - 871 078 Carried Ordinary resolution number 4.2: Election of audit committee 279 904 497 100.0% - - 871 078 Carried member: section 94(2) of 74.4% the Companies Act (KN Vundla) Ordinary resolution number 4.3: Election of audit committee 74.4% 265 383 509 94.8% 14 520 988 5.2% 871 078 Carried member: section 94(2) of the Companies Act (ZP Ntshalintshali) Ordinary resolution number 5: General but restricted authority to allot and issue authorised but unissued shares 202 018 276 74.4% 72.3% 77 296 348 27.7% 872 064 Carried Ordinary resolution number 6: General authority to issue 74.4% 220 442 805 78.8% 59 460 706 21.2% 872 064 Carried shares for cash Ordinary resolution number 7: Specific authority to issue 74.4% 279 904 482 100.0% 1 015 0.0% 870 078 Carried shares to afford shareholders distribution reinvestment alternatives Ordinary resolution number 8: 74.4% Authorisation for an 159 910 289 57.1% 119 994 208 42.9% 871 078 Not carried amendment to the Texton Property Fund Limited Share Incentive Scheme Trust Ordinary resolution number 9: Implementation of resolutions 74.4% 279 904 482 100.0% 1 015 0.0% 870 078 Carried Hyde Park 18 November 2016 Sponosr Investec Bank Limited Date: 18/11/2016 02:53:00 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.