INVESTEC PROPERTY FUND LIMITED - Results of the General Meeting held on 22 June 2017

Results of the General Meeting held on 22 June 2017

INVESTEC PROPERTY FUND LIMITED
(Incorporated in the Republic of South Africa)
(Reg. No: 2008/011366/06)
Approved as a REIT by the JSE
Share Code: IPF
ISIN: ZAE000180915
("Investec Property Fund" or "the Fund")

RESULTS OF THE GENERAL MEETING HELD ON 22 JUNE 2017

1.   INTRODUCTION

     Investec Property Fund shareholders (“Shareholders”) are referred to the announcement released by the Fund on
     the Stock Exchange News Service of the JSE Limited on Wednesday, 24 May 2017, in which the Fund advised
     Shareholders that it had entered into a renewal and variation agreement (“Agreement”) with Investec Property
     Proprietary Limited (the “Manager”), in order to amend the terms and extend the duration of the existing asset
     management and property management agreement with the Manager, subject to the requisite Shareholder
     approval.

     Shareholders are advised that at the general meeting of Shareholders of Investec Property Fund Limited, held on
     Thursday, 22 June 2017 (“General Meeting”), the resolution set out in the notice and proposed at the meeting was
     passed, without modification, by the requisite majority of Shareholders, and as a result, the Agreement is now
     unconditional.

2.   RESULTS OF THE VOTING AT THE GENERAL MEETING

     The resolution was voted on as follows:

                                                                               % of shares
                                                            Number of          allowed to vote   % of issued
                                                            shares             on the            share capital
                                                                               resolution
      Total number of shares present/represented
      including proxies at meeting (including shares        409,894,637        79.20%            57.08%
      abstained from voting)



                                                            Number of votes (one vote per share)
                                                            For                Against            Abstain

      Ordinary resolution                                   329,202,790        53,690,530         27,001,317

      Approval of the renewal and variation agreement       85.98%             14.02%             3.76%*

     * Percent of total issued shares


Investec Property Fund Limited

Johannesburg
22 June 2017

Sponsor: Investec Bank Limited

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