Implementation Of Acquisition And Dealing In Oasis Units 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 Share code: OAS ISIN: ZAE000074332 (“Oasis” or “the Fund”) IMPLEMENTATION OF ACQUISITION AND DEALING IN OASIS UNITS 1. IMPLEMENTATION OF ACQUISITION 1.1. Unitholders are referred to the Fund’s announcement dated 29 September 2017 (“Acquisition Announcement”), advising that the Fund had entered into a sale of shares agreement with Oasis Crescent Property Company Proprietary Limited (“OCPC”) and Eden Court Oasis Property Joint Venture Proprietary Limited (“ECOP”), in terms of which the Fund will purchase the entire issued share capital of ECOP (“Sale Shares”) from OCPC (“Acquisition”). 1.2. The Fund is pleased to announce that all conditions precedent to the Acquisition were previously fulfilled. 1.3. As indicated in the Acquisition Announcement, the aggregate purchase consideration for the Sale Shares amounts to R57 000 000, of which R20 000 000 is to be settled through the issue of Oasis units to OCPC at a price per unit calculated on the basis set out in the Acquisition Announcement. In this regard, it is confirmed that on Friday, 15 December 2017 the Fund issued a total of 1 027 349 new units to OCPC at an issue price of 1 946.75723 cents per unit, in settlement of the remaining balance of the purchase consideration. 1.4. As indicated in the Acquisition Announcement, ownership of the Sale Shares passed to the Fund on 1 October 2017, from which date the Fund has been entitled to every benefit arising from the Sale Shares and from which date the Sale Shares were held by the Fund at its risk. 2. DEALING IN OASIS UNITS As indicated in the Acquisition Announcement, OCPC is a related party to the Fund in terms of the JSE Listings Requirements. As OCPC is an associate of certain directors of the Fund’s manager, Oasis Crescent Property Fund Managers Limited, the following information is disclosed in compliance with paragraphs 3.63 to 3.74 of the JSE Listings Requirements: NAME OF DIRECTOR N Ebrahim COMPANY OF WHICH I AM A Oasis Crescent Property Fund Managers DIRECTOR Limited STATUS:EXECUTIVE/NON- Executive EXECUTIVE TYPE OF SECURITIES Units CLASS OF SECURITIES Ordinary DATE OF TRANSACTION 15 December 2017 CENTS PER UNIT 1 946.75723 NUMBER OF SECURITIES 1 027 349 TOTAL RAND VALUE OF R20 000 000 SECURITIES NAME OF ASSOCIATE Oasis Crescent Property Company Proprietary Limited (“OCPC”) RELATIONSHIP WITH DIRECTOR The director is a director of the associate NATURE OF TRANSACTION Acquisition issue of units by the Fund to OCPC, in consideration for the balance of the purchase consideration due to OCPC for the acquisition by the Fund of the Sale Shares in ECOP (Off-market transaction) NATURE AND EXTENT OF Indirect, beneficial INTEREST IN THE TRANSACTION NAME OF DIRECTOR M S Ebrahim COMPANY OF WHICH I AM A Oasis Crescent Property Fund Managers DIRECTOR Limited STATUS:EXECUTIVE/NON- Executive EXECUTIVE TYPE OF SECURITIES Units CLASS OF SECURITIES Ordinary DATE OF TRANSACTION 15 December 2017 CENTS PER UNIT 1 946.75723 NUMBER OF SECURITIES 1 027 349 TOTAL RAND VALUE OF R20 000 000 SECURITIES NAME OF ASSOCIATE Oasis Crescent Property Company Proprietary Limited (“OCPC”) RELATIONSHIP WITH DIRECTOR The director is a director of the associate NATURE OF TRANSACTION Acquisition issue of units by the Fund to OCPC, in consideration for the balance of the purchase consideration due to OCPC for the acquisition by the Fund of the Sale Shares in ECOP (Off-market transaction) NATURE AND EXTENT OF Indirect, beneficial INTEREST IN THE TRANSACTION Clearance to deal in these units was obtained in accordance with paragraph 3.66 of the JSE Listings Requirements, to the extent required. 15 December 2017 Cape Town Designated advisor PSG Capital Proprietary Limited Date: 15/12/2017 05:05:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 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.