EPF014 - Listing of New Financial Instrument Emira Property Fund Limited (Incorporated in the Republic of South Africa) (Registration number 2014/130842/06) Company code: EMII (Approved as a REIT by the JSE) Bond code: EPF014 ISIN: ZAG000151572 (“Emira”) LISTING OF NEW FINANCIAL INSTRUMENT The JSE Limited has granted Emira the listing of its Senior Unsecured Floating Rate Notes, in terms of its Domestic Medium Term Note Programme dated 1 July 2015, effective 28 May 2018. Debt Security Code: EPF014 ISIN: ZAG000151572 Type of Debt Security: Floating Rate Notes Nominal Issued: ZAR 400 000 000.00 Issue Date: 28 May 2018 Issue Price: 100% Coupon Rate: 3 Month JIBAR plus 180 basis points Interest Commencement Date: 28 May 2018 Interest Determination Date(s): 28 February, 28 May, 28 August and 28 November, with the first interest determination date being 23 May 2018 First Interest Payment Date: 28 August 2018 Interest Payment Date(s): 28 February, 28 May, 28 August and 28 November of each year until maturity Last Day to Register: By 17h00 on 17 February, 17 May, 17 August and 17 November of each year until maturity Books Close: 18 February, 18 May, 18 August and 18 November of each year until maturity Business Day Convention: Following Business Day Maturity Date: 28 May 2021 Final Maturity Amount: 100% of the Principle Amount of each Note Other: The pricing supplement does not contain additional terms and conditions or changes to the terms and conditions as contained in the Programme Summary of Additional Terms: Not Applicable Programme Amount: ZAR 5 000 000 000.00 Total Notes in Issue Under Programme: ZAR 3 333 000 000.00, exclusive of this issuance of notes Dealer: FirstRand Bank Limited, acting through its Rand Merchant Bank division The Notes will be immobilised in the Central Securities Depository and settlement will take place electronically in terms of JSE Rules. 25 May 2018 Debt Sponsor RAND MERCHANT BANK (A division of FirstRand Bank Limited) Date: 25/05/2018 01:19:00 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.