Results of claw-back offer announcement 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”) RESULTS OF CLAW-BACK OFFER ANNOUNCEMENT Shareholders are referred to the announcement released on SENS on Tuesday, 22 November 2016, relating to the renounceable claw-back offer to Rebosis shareholders of an aggregate of 49 840 696 claw-back offer shares at a price of R10.71 each, in the ratio of 9.15435 claw-back offer shares for every 100 Rebosis shares held at the close of trade on Friday, 2 December 2016 (“the claw-back offer”). In terms of the claw-back underwriting agreement dated 12 August 2016, entered into between Rebosis, Billion, Abacus and Nedbank, in terms of which, inter alia, Billion and Nedbank have agreed to subscribe for those claw-back offer shares not taken up by Rebosis shareholders in accordance with their entitlements in terms of the claw-back offer. The offer closed at 12:00 on Thursday, 15 December 2016. The results of the claw-back offer are as follows: Number of claw- Percentage of claw- back offer shares back offer shares Claw-back offer shares available for subscription 49 840 696 100% Claw-back offer shares subscribed for by Rebosis shareholders (excluding Billion 42 028 739 84.33% and Nedbank) Claw-back offer shares subscribed for by Billion 7 811 957 15.67% Claw-back offer shares subscribed for by Nedbank - - The claw-back offer shares will be issued today, Monday, 19 December 2016. Dematerialised shareholders’ accounts updated by their CSDP or broker with claw-back offer shares to the extent accepted on Monday, 19 December 2016. Share certificates in respect of the claw-back offer shares posted to certificated shareholders to the extent accepted on Monday, 19 December 2016. 19 December 2016 Corporate advisor and sponsor Java Capital Legal advisor Cliffe Dekker Hofmeyr Corporate advisor and investment bank Nedbank Date: 19/12/2016 11:45:00 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.