EMIRA PROPERTY FUND LIMITED - Rotation of external auditors

Rotation of external auditors

EMIRA PROPERTY FUND LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 2014/130842/06)
JSE share code: EMI ISIN: ZAE000203063
Bonds Company code: EMII
(Approved as a REIT by the Johannesburg Stock Exchange)
(“Emira” or “the Company” or “the Group”)

ROTATION OF EXTERNAL AUDITORS

In accordance with the Company’s policy on audit firm rotation, whereby every five years the audit
committee will formally assess the rotation of the independent auditors, the board of directors of
the Company has made a decision to propose that shareholders consider and approve, at the annual
general meeting (“AGM”) to be held on 23 November 2017, the appointment of new independent
auditors for the Group.

The audit committee performed an informal tender process during July 2017, which encompassed
an evaluation of six audit firms. Having considered all relevant factors in relation to the evaluation
process, the committee made a recommendation to the board to propose the appointment of new
auditors as the Company’s independent external auditor for the 2018 financial year. The new
auditors will be announced once they have formally confirmed their acceptance of the proposal and
their appointment will be effective once approved by shareholders at the AGM on 23 November
2017.

PricewaterhouseCoopers Inc. has served for an extended period as the Company’s external auditor,
and has executed these responsibilities with diligence and distinction. PricewaterhouseCoopers Inc.
will continue to carry out their duties until such time that the shareholders approve the
appointment of the newly proposed auditors. The Emira board would like to thank
PricewaterhouseCoopers Inc. for their much appreciated service over many years.



Bryanston
22 September 2017

Sponsor
RAND MERCHANT BANK (A division of First Rand Bank Limited)

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