Investor Presentation INVESTEC AUSTRALIA PROPERTY FUND Incorporated and registered in Australia in terms of ASIC (ARSN 162 067 736) Registered as a foreign collective investment scheme in terms of the Collective Investment Schemes Control Act No. 45 of 2003 and operated by Investec Property Limited (ACN 071 514 246; AFSL 290 909) (“Responsible Entity”) Unit code: IAP ISIN: AU60INL00018 (“IAPF” or “the Fund”) INVESTOR PRESENTATION 1. INTRODUCTION Unitholders in the Fund (“Unitholders”) are referred to the announcement released on SENS on Monday, 6 August 2018 relating to the posting of a circular containing a notice of general meeting in relation to: - the Fund pursuing a primary listing on the Australian Securities Exchange in addition to its current listing on the JSE, subject to favourable market conditions; and - a specific issue of units for cash, undertaken pursuant to a number of resolutions to be considered at the general meeting (the “Resolutions”). 2. AVAILABILITY OF INVESTOR PRESENTATION Unitholders are advised that an investor presentation, setting out further information in respect of the Resolutions is available for download on the Fund’s website at www.iapf.com.au. Johannesburg 14 August 2018 Financial Advisor and Sponsor Investec Bank Limited Date: 14/08/2018 08:00:00 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.