Distribution of Circular and Notice of General Meeting 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”) DISTRIBUTION OF CIRCULAR AND NOTICE OF GENERAL MEETING Shareholders are advised that a circular, containing details of the proposed Emira Share Subscription Scheme (“the Proposed Scheme”) and containing a notice of a general meeting to approve the relevant ordinary resolutions pertaining thereto, was posted today, 14 May 2018, to shareholders registered as such on the record date, being Friday, 4 May 2018. The circular is available on the Company’s website: www.emira.co.za. NOTICE OF GENERAL MEETING Notice is hereby given that a general meeting of shareholders will be held on Tuesday, 12 June 2018 at 10:00 at the offices of Emira situated at Knightsbridge, Building A, 1st Floor, 33 Sloane Street, Bryanston (“General Meeting”), to consider the ordinary resolutions to approve the Proposed Scheme. The salient dates and times relating to the General Meeting are set out below: 2018 Last day to trade in Emira Shares in order to be eligible to Tuesday, 29 May attend and vote at the General Meeting Record date to attend and vote at the General Meeting Friday, 1 June Forms of Proxy for the General Meeting requested to be Friday, 8 June received by the Transfer Secretaries1 at 10:00 on General Meeting of Emira Shareholders held at 10:00 on Tuesday, 12 June Results of General Meeting released on SENS on or about Tuesday, 12 June 1. Alternatively, Proxy forms may be handed to the chairman of the General Meeting on commencement of the General Meeting. The above dates and times are subject to change. Any such changes will be published on SENS. Bryanston 14 May 2018 Transaction Sponsor and Corporate Adviser: Questco Proprietary Limited Date: 14/05/2018 04:00:00 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.