EPF012 and EPFC36 Listing of New Financial Instruments Emira Property Fund Limited (Incorporated in the Republic of South Africa) (Registration No 2014/130842/06.) Company code: EMII (Approved as a REIT by the JSE) Bond Code: EPF012 ISIN: ZAG000148024 Bond Code: EPFC36 ISIN: ZAG000148016 (“Emira”) LISTING OF NEW FINANCIAL INSTRUMENTS The JSE Limited has granted Emira the listing of its Senior Unsecured Floating Rate Notes, in terms of its Domestic Medium Term Programme (“the Programme”) dated 1 July 2015, effective 6 November 2017. Debt Security Code: EPF012 ISIN: ZAG000148024 Type of Debt Security: Floating Rate Notes Nominal Issued: ZAR 149 000 000.00 Issue Date: 6 November 2017 Issue Price: 100 % of the Principal Amount of each Note Coupon Rate: 3 Month JIBAR plus 190 basis points Interest Commencement Date: 6 November 2017 Interest Determination Date(s): 6 February, 6 May, 6 August, 6 November, with the first interest determination date being 2 November 2017 First Interest Payment Date: 6 February 2018 Interest Payment Date(s): 6 February, 6 May, 6 August, 6 November of each year until maturity Last Day to Register: By 17h00 on 26 January, 25 April, 26 July and 26 October of each year until maturity Books Close: 27 January, 26 April, 27 July and 27 October of each year until maturity Business Day Convention: Following Business Day Maturity Date: 6 November 2020 Final Maturity Amount: 100% of the Principal Amount of each Note Other: The pricing supplement does not contain additional terms and conditions or changes to the terms and conditions as contained in the Programme Summary of Additional Terms: Not Applicable Debt Security Code: EPFC36 ISIN: ZAG000148016 Type of Debt Security: Floating Rate Notes Nominal Issued: ZAR 125 000 000.00 Issue Date: 6 November 2017 Issue Price: 100 % of the Principal Amount of each Note Coupon Rate: 3 Month JIBAR plus 115 basis points Interest Commencement Date: 6 November 2017 Interest Determination Date(s): 2 November 2017, 6 February 2018, 6 May 2018 and 6 August 2018 First Interest Payment Date: 6 February 2018 Interest Payment Date(s): 6 February 2018, 6 May 2018, 6 August 2018 and 6 November 2018 Last Day to Register: By 17h00 on 26 January 2018, 25 April 2018, 26 July 2018 and 26 October 2018 Books Close: 27 January 2018, 26 April 2018, 27 July 2018 and 27 October 2018 Business Day Convention: Following Business Day Maturity Date: 6 November 2018 Final Maturity Amount: 100% of the Principal Amount of each Note Other: The pricing supplement does not contain additional terms and conditions or changes to the terms and conditions as contained in the Programme Summary of Additional Terms: Not Applicable Programme Amount: ZAR 5 000 000 000.00 Total Notes in Issue Under Programme: ZAR 3 190 000 000.00 exclusive of this issuance of notes Dealer: Rand Merchant Bank, a division of FirstRand Limited The Notes will be immobilised in the Central Securities Depository and settlement will take place electronically in terms of JSE Rules. 3 November 2017 Debt Sponsor RAND MERCHANT BANK (A division of FirstRand Bank Limited) Date: 03/11/2017 02:10:00 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.