OASIS CRESCENT PROPERTY FUND - Distribution Results Announcement

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
Share code: OAS
ISIN: ZAE000074332
(“the Fund”)

DISTRIBUTION RESULTS ANNOUNCEMENT

1.   Unitholders are referred to the announcements released by the
     Fund on SENS on 24 October 2017 and 10 November 2017, regarding
     the Fund’s distribution in respect of the six months ended 30
     September 2017, as well as the circular to unitholders dated 10
     November 2017, in this regard.

2.   As indicated in the above announcements and circular,
     unitholders could elect to receive in cash the distribution of
     5,272.63051 cents (in aggregate), after non-permissible income,
     for every 100 units held (“Cash Distribution”), failing which
     the distribution would be reinvested at the rate of 2.50481
     units at 2 105 cents per unit (in aggregate) for every 100
     units so held (“Unit Reinvestment”). Non-resident unitholders
     are referred to those sections of the abovementioned
     announcements and circular dealing with the reinvestment ratio
     and cash distribution ratio for non-resident unitholders. The
     deadline for the above election was 12:00pm on Friday, 01
     December 2017.

3.   Unitholders holding 7 487 399 units or 12.97% of units
     qualifying to receive the distribution, elected to receive the
     Cash Distribution, resulting in a Cash Distribution of
     R3 947 828.84, gross of tax.

4.   The remaining unitholders, holding 50 240 410 units or 87.03%
     of units qualifying to receive the distribution, reinvested
     their distribution, amounting to R26 489 911.86, gross of tax
     (R 26 054 731.79 net of tax), resulting in the issuing of
     1 237 653 new units.

5.   Unitholders are advised that on Monday, 04 December 2017
     distribution cheques were posted to those certificated
     unitholders, and distribution payments were credited to the
     Central Securities Depositary Participant (“CSDP”) accounts or
     to the broker custody accounts of those dematerialised
     unitholders, who elected to receive the Cash Distribution.

6.   Unitholders are advised that on Wednesday, 06 December 2017 new
     unit certificates will be posted to those certificated
     unitholders, and new units will be credited to the CSDP
     accounts or broker custody accounts of those dematerialised
     unitholders, who qualified for the Unit Reinvestment.

7.   The number of listed units will be adjusted on or about Friday,
     08 December 2017, based on the results of the distribution.

8.   Unitholders are referred to the Fund’s announcement on 24
     October 2017 and, the Fund’s abovementioned circular to
     unitholders dated 10 November 2017, for details on the tax
     implications of the distribution.

04 December 2017
Cape Town

Designated Advisor
PSG Capital Proprietary Limited

Date: 04/12/2017 05:05:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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