Results of the Special Resolutions Passed by Shareholders of the Company EMIRA PROPERTY FUND LIMITED (Incorporated in the Republic of South Africa) (Registration number 2014/130842/06) JSE share code: EMI ISIN: ZAE000203063 (Approved as a REIT by the JSE) (“Emira” or “the Company”) RESULTS OF THE SPECIAL RESOLUTIONS PASSED BY SHAREHOLDERS OF THE COMPANY Shareholders are referred to the announcement released on SENS on 2 February 2018 regarding the submission of special resolutions for consideration by written consent of shareholders, in terms of section 60 of the Companies Act, 2008 (Act 71 of 2008), as amended (“the Act”), authorising the board of directors to provide financial assistance for the subscription of securities issued, or to be issued, by the Company and to provide loans or other financial assistance, as contemplated in sections 44 and 45 of the Act. Shareholders are advised that the special resolutions were approved and adopted by the Company in terms of section 60(2) of the Act. The number of shares voted in person or by proxy was 423 818 755, representing 81.09% of the total issued share capital of Emira shares. Resolutions: % of votes % of votes % of votes carried for the carried against abstained resolution the resolution Special resolution number 1: Approval for the provision by the Company of financial assistance as 83.43 16.27 0.30 contemplated in section 44 of the Companies Act Special Resolution number 2.1: Approval in terms of section 45 of the Companies Act of the provision of 92.90 6.80 0.30 financial assistance to a related or inter- related company or corporation of the Company Special Resolution number 2.2: Approval in terms of section 45 of the Companies Act of the provision of financial assistance to an executive 81.07 18.63 0.30 director of the Company or of a related or inter-related person of such executive director The Company will, by no later than Friday, 23 March 2018, distribute a statement of these results to shareholders recorded in the Company’s register as at Friday, 26 January 2018, being the record date, in accordance with section 60(4) of the Act. Bryanston 9 March 2018 Sponsor Questco Corporate Advisory Proprietary Limited Date: 09/03/2018 03:52:00 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.