RES35 and RES38 - Notification of Partial Capital Reduction of Listed Debt Securities Resilient REIT Limited (Incorporated in the Republic of South Africa) (Registration No. 2002/016851/06) Company code: BIRPIF (Approved as a REIT by the JSE) Bond code: RES35 ISIN: ZAG000138926 Bond code: RES38 ISIN: ZAG000141789 (“Resilient”) NOTIFICATION OF PARTIAL CAPITAL REDUCTION OF LISTED DEBT SECURITIES In accordance with the Terms and Conditions of Resilient’s ZAR 10 000 000 000 Domestic Medium Term Note Programme dated 4 October 2010, bondholders are herewith advised of the below partial capital reductions. These partial capital reductions follow an approach made by Resilient to repurchase its listed debt securities as a result of it receiving a capital distribution on its Greenbay investment. Bond Code: RES35 ISIN: ZAG000138926 Amount before Reduction: ZAR 371 000 000.00 Reduction Amount: ZAR 106 000 000.00 Amount after Reduction: ZAR 265 000 000.00 Date Repurchase Settled / Pay Date: 24 October 2018 Amount Paid Inclusive of Accrued Interest: ZAR 107 328 731.00 Interest Amount Paid: ZAR 1 500 448.88 Coupon: 8.908% Interest period: 27 Aug 2018 to 23 Oct 2018 Bond Code: RES38 ISIN: ZAG000141789 Amount before Reduction: ZAR 650 000 000.00 Reduction Amount: ZAR 145 000 000.00 Amount after Reduction: ZAR 505 000 000.00 Date Repurchase Settled / Pay Date: 24 October 2018 Amount Paid: ZAR 144 531 394.18 Interest Amount Paid: No accrued interest was paid by Resilient as the investor will receive the full coupon due 1 November 2018 with 8 days interest refunded to the Issuer included in the amount paid The effective date of the cancellation of the RES35 and RES38 notes is 1 November 2018. 24 October 2018 Debt Sponsor RAND MERCHANT BANK (A division of FirstRand Bank Limited) Date: 24/10/2018 01:32:00 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.