EPF006 and EPF007 - Results of Meeting of Holders Of Notes issued by Emira Emira Property Fund Limited (Incorporated in the Republic of South Africa) (Registration number 2014/130842/06) Company code: EMII Bond Code: EPF006 ISIN: ZAG000128828 Bond code: EPF007 ISIN: ZAG000128836 (Approved as a REIT by the JSE) (“Emira” or “the Issuer”) RESULTS OF MEETING OF HOLDERS OF NOTES ISSUED BY EMIRA Noteholders are advised that at a meeting of holders of all the outstanding Group 1 notes issued by Emira and held on 27 January 2017 at 14h00 at the offices of the Issuer, 1st Floor, Optimum House, Epsom Downs Office Park, 13 Sloane Street, Bryanston, 2191 (“the Group 1 Noteholders Meeting"), the following resolutions were proposed to be passed: AS EXTRAORDINARY RESOLUTION NO. 1 APPROVAL OF THE AMENDMENT OF THE DESCRIPTION OF THE SECURITY STRUCTURE AND OF THE DEFINITIONS IN CONDITION 26 OF THE GROUP 1 NOTES AS EXTRAORDINARY RESOLUTION NO. 2 AMENDMENT OF THE MORTGAGE BOND SPV GUARANTEE AS EXTRAORDINARY RESOLUTION NO. 3 AMENDMENT OF THE FPI COUNTER INDEMNITY AGREEMENT AS EXTRAORDINARY RESOLUTION NO. 4 AMENDMENT OF THE FPI SUBSIDIARY GUARANTEE After the voting had been conducted, the results of the voting are as follows: (i) the acceptance by the Noteholders of Extraordinary Resolution No. 1 passed by Noteholders representing 100% of all the outstanding Group 1 Notes; (ii) the amount of Noteholders who voted against Extraordinary Resolution No. 1 represents 0%. (iii) the acceptance by the Noteholders of Extraordinary Resolution No. 2 passed by Noteholders representing 100% of all the outstanding Group 1 Notes; (iv) the amount of Noteholders who voted against Extraordinary Resolution No. 2 represents 0%. (v) the acceptance by the Noteholders of Extraordinary Resolution No. 3 passed by Noteholders representing 100% of all the outstanding Group 1 Notes; (vi) the amount of Noteholders who voted against Extraordinary Resolution No. 3 represents 0%. (vii) the acceptance by the Noteholders of Extraordinary Resolution No. 4 passed by Noteholders representing 100% of all the outstanding Group 1 Notes; (viii) the amount of Noteholders who voted against Extraordinary Resolution No. 4 represents 0%. Bryanston 27 January 2017 Debt Sponsor RAND MERCHANT BANK (A division of FirstRand Bank Limited) Date: 27/01/2017 04:30:00 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.