Results of Annual General Meeting SA Corporate Real Estate Limited Incorporated in the Republic of South Africa Share Code: SAC ISIN Code: ZAE000203238 (Registration number 2015/015578/06) ("SA Corporate" or "the Company") REIT status approved RESULTS OF ANNUAL GENERAL MEETING Shareholders are advised that the voting results for the annual general meeting (“AGM”) of SA Corporate held at the registered offices of the Company on Tuesday, 29 May 2018 were as follows: Resolution Number of Percentage For** Against** Abstained* shares voted of shares in % % ** issue* % % Ordinary resolution number 1 : To 2 138 223 054 84.49 100.00 0.00 0.50 receive, consider and adopt the Annual Financial Statements for the year ended 31 December 2017 Ordinary resolution number 2: To re- elect the following non-executive directors: 2.1 Mr ES Seedat 2 004 150 774 79.19 64.51 35.49 5.80 2.2 Ms GP Dingaan 2 138 572 590 84.51 96.18 3.82 0.49 Ordinary resolution number 3: To re- elect the following audit committee members: 3.1 Mr RJ Biesman-Simons 2 138 501 090 84.50 100.00 0.00 0.49 3.2 Mr ES Seedat 2 004 150 774 79.19 64.47 35.53 5.80 3.3 Ms GP Dingaan 2 138 572 590 84.51 98.03 1.97 0.49 3.4 Ms A Chowan 2 138 572 590 84.51 100.00 0.00 0.49 Ordinary resolution number 4: 2 138 570 090 84.51 66.13 33.87 0.49 Reappointment of Deloitte & Touche as auditors Ordinary resolution number 5: Approval 2 137 520 128 84.46 90.60 9.40 0.53 on an advisory, non-binding basis, the remuneration policy Ordinary resolution number 6: Approval 2 138 577 223 84.51 99.94 0.06 0.49 on an advisory, non-binding basis, of the implementation report Ordinary resolution number 7: Placing 2 138 572 590 84.51 86.21 13.79 0.49 10% of the unissued shares under the control of the directors Ordinary resolution number 8: Specific 2 138 572 590 84.51 99.96 0.04 0.49 authority to issue shares pursuant to a distribution reinvestment option Ordinary resolution number 9: General, 2 138 572 590 84.51 94.49 5.51 0.49 but restricted authority to issue shares for cash Special resolution number 1: 2 138 577 223 84.51 99.01 0.99 0.49 Reimbursement of VAT for non- executive directors Special resolution number 2: Fees payable to non-executive directors: 2.1 Board – Chair 2 138 576 723 84.51 99.96 0.04 0.49 2.2 Board – Member 2 138 505 223 84.50 100.00 0.00 0.49 2.3 Audit Committee – Chair 2 138 505 223 84.50 99.96 0.04 0.49 2.4 Audit Committee – Member 2 138 576 723 84.51 100.00 0.00 0.49 2.5 Risk & Compliance Committee – 2 138 576 723 84.51 100.00 0.00 0.49 Chair 2.6 Risk & Compliance Committee – 2 138 576 723 84.51 100.00 0.00 0.49 Member 2.7 Nomination Committee – Chair 2 138 576 723 84.51 99.96 0.04 0.49 2.8 Nomination Committee – Member 2 138 576 723 84.51 100.00 0.00 0.49 2.9 Remuneration Committee – Chair 2 137 520 128 84.46 99.96 0.04 0.53 2.10 Remuneration Committee – 2 137 448 628 84.46 100.00 0.00 0.53 Member 2.11 Investment Committee – Chair 2 138 576 723 84.51 98.07 1.93 0.49 2.12 Investment Committee – Member 2 138 505 223 84.50 98.07 1.93 0.49 2.13 Social, Ethics & Environmental 2 138 577 223 84.51 100.00 0.00 0.49 Committee – Chair 2.14 Social, Ethics & Environmental 2 138 577 223 84.51 100.00 0.00 0.49 Committee – Member Special resolution number 3: Financial 2 138 577 223 84.51 89.65 10.35 0.49 assistance in terms of sections 44 and 45 of the Companies Act Special resolution number 4: Financial 2 138 572 590 84.51 98.03 1.97 0.49 assistance to related and inter-related parties Special resolution number 5: Specific 2 138 576 723 84.51 99.58 0.42 0.49 authority to issue shares to directors pursuant to a distribution reinvestment option Special resolution number 6: General 2 138 572 590 84.51 98.08 1.92 0.49 authority to repurchase shares * Based on 2 530 689 337 shares in issue at the date of the AGM. ** In relation to the total number of shares voted at the AGM. *** In relation to the total number of shares in issue at the date of the AGM. Based on the above voting results, all resolutions were passed by the requisite majority of SA Corporate shareholders present in person or represented by proxy at the AGM. Cape Town 30 May 2018 Sponsor Nedbank Corporate and Investment Banking Date: 30/05/2018 09:08:00 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.