Results of annual general meeting TRANSCEND RESIDENTIAL PROPERTY LIMITED (Incorporated in the Republic of South Africa) (Registration number 2016/277183/06) JSE share code: TPF ISIN: ZAE000227765 (Approved as a REIT by the JSE) (“Transcend” or “the company”) RESULTS OF ANNUAL GENERAL MEETING Shareholders are advised that at the annual general meeting of shareholders held on Tuesday, 29 May 2018 (in terms of the notice of annual general meeting dispatched on 26 April 2018), all of the resolutions tabled thereat were passed by the requisite majority of Transcend shareholders. Details of the results of voting at the annual general meeting were as follows: - total number of Transcend shares in issue as at the date of the annual general meeting: 66 305 664; - total number of Transcend shares that were present/represented at the annual general meeting: 59 148 843 being 89,21% of the total number of Transcend shares that could have been voted at the annual general meeting. Ordinary resolution 1.1: Re-election of RR Emslie as director Shares voted For Against Abstentions 59 148 843 59 148 843, being 100% - - Ordinary resolution 1.2: Re-election of MS Aitken as director Shares voted For Against Abstentions 59 148 843 59 148 843, being 100% - - Ordinary resolution 1.3: Re-election of FN Khanyile as director Shares voted For Against Abstentions 59 148 843 59 148 843, being 100% - - Ordinary resolution 1.4: Confirmation of election of M Kritzinger as director Shares voted For Against Abstentions 59 148 843 59 148 843, being 100% - - Ordinary resolution 2.1: Election of RR Emslie as a member of the Audit and Risk Committee Shares voted For Against Abstentions 59 148 843 59 148 843, being 100% - - Ordinary resolution 2.2: Election of MS Aitken as a member of the Audit and Risk Committee Shares voted For Against Abstentions 59 148 843 59 148 843, being 100% - - Ordinary resolution 2.3: Election of FN Khanyile as a member of the Audit and Risk Committee Shares voted For Against Abstentions 59 148 843 59 148 843, being 100% - - Ordinary resolution 3: Appointment of auditors Shares voted For Against Abstentions 59 148 843 59 148 843, being 100% - - Ordinary resolution 4: General authority to issue shares for cash Shares voted For Against Abstentions 59 148 843 59 148 843, being 100% - - Ordinary resolution 5: Authority to implement resolutions Shares voted For Against Abstentions 59 148 843 59 148 843, being 100% - - Ordinary resolution 6: Specific authority to issue shares pursuant to a re-investment option Shares voted For Against Abstentions 59 148 843 59 148 843, being 100% - - Non-binding resolution No. 1: Endorsement of remuneration policy Shares voted For Against Abstentions 59 148 843 59 148 843, being 100% - - Non-binding resolution No. 2: Endorsement of remuneration implementation report Shares voted For Against Abstentions 59 148 843 59 148 843, being 100% - - Special Resolution 1.1: Approval of non-executive directors’ remuneration - Remuneration until 30 June 2018 - R180 000 Shares voted For Against Abstentions 59 148 843 59 148 843, being 100% - - Special Resolution 1.2: Approval of non-executive directors’ remuneration – Remuneration from 1 July 2018 to December 2018 - R225 000 Shares voted For Against Abstentions 59 148 843 59 148 843, being 100% - - Special Resolution 1.3: Approval of non-executive directors’ remuneration - Remuneration from 1 January 2019 to next annual general meeting - R270 000 Shares voted For Against Abstentions 59 148 843 59 148 843, being 100% - - Special Resolution 2: General authority to repurchase shares Shares voted For Against Abstentions 59 148 843 59 148 843, being 100% - - Special Resolution 3: Approval to provide financial assistance to related or inter-related entities Shares voted For Against Abstentions 59 148 843 59 148 843, being 100% - - Special Resolution 4: Approval to issue shares in terms of section 41(1) of the Companies Act 71 of 2008 Shares voted For Against Abstentions 59 148 843 59 148 843, being 100% - - 30 May 2018 Designated Advisor Java Capital Date: 30/05/2018 07:05:00 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.