Results of the General Meeting TEXTON PROPERTY FUND LIMITED Granted REIT status by the JSE (Incorporated in the Republic of South Africa) Registration number: 2005/019302/06 JSE code: TEX ISIN: ZAE000190542 (“Texton” or the “Company”) RESULTS OF THE GENERAL MEETING 1. Introduction Texton shareholders (“Shareholders”) are referred to the announcement released on SENS on Friday, 21 July 2017 and a further announcement on Friday, 18 August 2017, advising Shareholders that: - Texton had agreed terms with the shareholders of Texton Property Investments Proprietary Limited (“Texton Property Investments”), to cancel the asset management agreement between Texton and Texton Property Investments, cede the rights and delegate the obligations of Texton Property Investments under certain contracts to Texton, and to sell certain assets to Texton which, if implemented, would have the economic effect of internalising the management of Texton (“Manco Internalisation”); and - The circular regarding the Manco Internalisation, incorporating a notice of general meeting (“Notice of General Meeting”), was provided to Shareholders on Friday, 18 August 2017. 2. Results of the General Meeting The general meeting of Shareholders was held at 10:00 on Friday, 15 September 2017 at the Company’s offices, Block C, Investment Place, 10th Road, Hyde Park, Johannesburg, 2196 (“General Meeting”), to consider and, if deemed fit, pass, with or without modification, the resolutions contained in the Notice of General Meeting. Shareholders are advised that all resolutions proposed at the General Meeting were successfully passed by the requisite majority of Shareholders. Details of the results of voting at the General Meeting are as follows: Total number of Texton shares eligible to be exercised at the General 343 409 710 Meeting Total number of eligible Texton shares that were present/represented at the 257 824 841 General Meeting Percentage of the total number of Texton shares eligible to vote at the 75.08% General Meeting Resolution proposed For Against Abstain Ordinary resolution number 1: Approval of the Manco Internalisation as a transaction 247 455 514 9 913 973 455 354 with a related party (96.15%)1 (3.85%)1 (0.13%)2 Ordinary resolution number 2: Directors’ authority to take all such actions necessary 247 455 514 9 913 973 455 354 to implement the Manco Internalisation (96.15%)1 (3.85%)1 (0.13%)2 1 Expressed as a percentage of the total number of Texton shares that were voted at the General Meeting 2 Expressed as a percentage of the total number Texton shares that could be exercised at the General Meeting Hyde Park 15 September 2017 Sponsor Investec Bank Limited Legal advisor and competition law advisor Norton Rose Fulbright South Africa Inc Independent expert Questco Proprietary Limited Independent reporting accountants KPMG Inc Date: 15/09/2017 01:16:00 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.