Investec Property Fund Limited New Financial Instrument Listing – IPF20 Investec Property Fund Limited Approved as a REIT by the JSE (Incorporated in the Republic of South Africa) (Registration Number 2008/011366/06) JSE Code: IPF20 ISIN No: ZAG000142779 (“Investec Property Fund” or “the Fund”) New Financial Instrument Listing – IPF20 The JSE Limited has granted a listing to Investec Property Fund Limited – Issue IPF20 due 17 March 2020 in terms of their DMTN Programme dated 11 November 2015. INSTRUMENT TYPE: Senior Unsecured Floating rate Notes Authorised programme size R5 000 000 000 Total notes issued(excl) R2 584 000 000 Bond code IPF20 Nominal issued R400 000 000 Issue Date 17 March 2017 Reference Rate 3 Month Jibar Margin 148 bps added to the reference rate Trade type Yield Maturity date 17 March 2020 Interest commencement date 17 March 2017 Interest Dates 17th day of March, June, September and December each year up to Redemption date Books closed period from (and including) 12 March to (but excluding) 17 March, from (and including) 12 June to (but excluding) 17 June, from (and including) 12 September to (but excluding) 17 September and from (and including) 12 December to (but excluding) 17 December in each year until the Redemption Date Last day to register 11 March, 11 June, 11 September or 11 December which shall mean that the Register will be closed from each Last Day to Register to the next applicable Payment Day ISIN ZAG000142779 Dealer Investec Bank Limited The Notes will be immobilized in the Central Depository (“CSD”) and settlement will take place electronically in terms of JSE Rules. Date: 17 March 2017 Sponsor: Investec Bank Limited (“Investec”) Date: 17/03/2017 10:12:00 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.