Results of claw-back offer REBOSIS PROPERTY FUND LIMITED (Incorporated in the Republic of South Africa) (Registration number 2010/003468/06) JSE share code: REB ISIN: ZAE000201687 JSE share code: REA ISIN: ZAE000240552 (Approved as a REIT by the JSE) (“Rebosis”) RESULTS OF CLAW-BACK OFFER Shareholders are referred to the announcement released on the Stock Exchange News Service on Tuesday, 12 December 2017, relating to the renounceable claw-back offer to Rebosis shareholders of 30 973 451 claw-back offer shares at a price of R11.30 each, in the ratio of 4.82215 claw-back offer shares for every 100 Rebosis shares held at the close of trade on Friday, 22 December 2017 (“the claw-back offer”). In terms of the claw-back underwriting agreement dated 12 August 2016, entered into between Rebosis, Billion Group Proprietary Limited (“Billion”), Abacus Holdings Proprietary Limited (“Abacus”) and Nedbank Limited (“Nedbank”), inter alia, Billion, Nedbank and Abacus have agreed to subscribe for those claw-back offer shares not taken up by Rebosis shareholders in accordance with their entitlements in terms of the claw-back offer. The offer closed at 12:00 on Friday, 12 January 2018. The results of the claw-back offer are as follows: Number of claw- Percentage of claw- back offer shares back offer shares Claw-back offer shares available for subscription 30 973 451 100.00% Claw-back offer shares subscribed for by Rebosis 128 449 0.41% shareholders (excluding Billion, Abacus and Nedbank) Claw-back offer shares subscribed for by Billion 20 406 973 65.89% Claw-back offer shares subscribed for by Abacus 6 637 168 21.43% Claw-back offer shares subscribed for by Nedbank 3 800 861 12.27% The claw-back offer shares will be issued today, Monday, 15 January 2018. Dematerialised shareholders’ accounts will be updated by their CSDP or broker with their claw-back offer shares, to the extent accepted, on Monday, 15 January 2018. Share certificates in respect of claw-back offer shares will be posted to certificated shareholders, to the extent accepted, on Monday, 15 January 2018. 15 January 2018 Corporate advisor and sponsor Rand Merchant Bank (A division of FirstRand Bank Limited) Legal advisor Cliffe Dekker Hofmeyr Date: 15/01/2018 04:08:00 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.