Update in respect of salient dates for the repositioning of Synergy as a specialist high yielding, high growth fund SYNERGY INCOME FUND LIMITED (Incorporated in the Republic of South Africa) (Registration number 2007/032604/06) JSE share code: SGA ISIN: ZAE000202883 JSE share code: SGB ISIN: ZAE000202891 (Granted REIT status with the JSE) (“Synergy” or “the company”) UPDATE IN RESPECT OF SALIENT DATES FOR THE REPOSITIONING OF SYNERGY AS A SPECIALIST HIGH YIELDING, HIGH GROWTH FUND Shareholders are referred to the announcement released on SENS on 26 September 2016 wherein the salient dates and times in respect of the transaction which will, once implemented, effectively reposition Synergy as a specialist high yielding, high growth fund with a portfolio comprising of retail, office and industrial assets (the “transaction”) were announced. Shareholders are advised that the transaction remains subject inter alia to the approval of the Competition Authorities (to the extent set out in the transaction agreements), and the salient dates for the transaction will therefore need to be revised. The revised salient dates will be announced in due course, once all conditions precedent to the transaction have been fulfilled. 30 November 2016 Corporate advisor and sponsor Java Capital Date: 30/11/2016 11:00:00 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.