OASIS CRESCENT PROPERTY FUND - Correction Of Distribution Results Announcement

Correction Of Distribution Results Announcement

Oasis Crescent Property    Fund
A property fund created    under the Oasis Crescent Property Trust Scheme
registered in terms of     the Collective Investment Schemes Control Act
(Act 45 of 2002) having    REIT status with the JSE Limited
Unit code: OAS
ISIN: ZAE000074332
(“the Fund”)

CORRECTION OF DISTRIBUTION RESULTS ANNOUNCEMENT

Unitholders are referred to the SENS announcement dated 12 June 2017
(“Distribution Results Announcement”) containing the results of the Fund’s
distribution for the six months ended 31 March 2017.

The Fund has now been advised by its transfer secretary that certain details
provided by them to the Fund and included in the Distribution Results
Announcement were incorrect.

The above error did not result in an underpayment to any unitholders, who
elected to receive the distribution in cash, with distribution cheques
having been posted to such certificated unitholders, and distribution
payments were credited to the Central Securities Depositary Participant
(“CSDP”) accounts or to the broker custody accounts of such dematerialised
unitholders, on Monday,12 June 2017.

Unitholders participating in the reinvestment of the distribution will
likewise receive the correct number of new units. As indicated in the
Distribution Results Announcement, unit certificates will today, 14 June
2017, be posted to those certificated unitholders, and new units will today
be credited to the CSDP accounts or broker custody accounts of those
dematerialised unitholders, who qualified for the unit reinvestment.

The correct results for the distribution are set out below:

  - as indicated in the Distribution Results Announcement, unitholders
    holding 7 637 348 units or 13.52% of units qualifying to receive the
    distribution, elected to receive the Cash Distribution, resulting in a
    Cash Distribution of R3 976 140.30, gross of tax; and

  - the remaining unitholders, holding 48 871 995 units or 86.48% of units
    qualifying to receive the distribution, reinvested their distribution,
    amounting to R25 443 636.76, gross of tax (R24 980 306.90 net of tax),
    resulting in the issuing of 1 218 466 new units.

The number of listed units will be adjusted on or about Monday,
19 June 2017, based on the above results of the distribution.


14 June 2017
Cape Town

Designated Advisor
PSG Capital Proprietary Limited

Date: 14/06/2017 05:10:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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