INVESTEC AUSTRALIA PROPERTY FUND - Distribution Update

Distribution Update

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”)
Share code: IAP
ISIN: AU60INL00018
(the “Fund”)



DISTRIBUTION UPDATE


Unitholders are referred to the announcement relating to the reviewed interim condensed consolidated financial
results for the period ended 30 September 2018 released on SENS on Tuesday, 13 November 2018 containing
details of the interim distribution declaration number 10.

As required by the JSE Listing Requirements, the Fund has entered into a forward exchange contract to convert the
AUD and NZD distribution to ZAR such that unitholders are given at least 1 week’s notice ahead of the last day to
trade of the exchange rate locked in. This is in line with the manner in which the Fund’s last distribution payment
was made and will be applied to all future distribution payments that the Fund makes.

Accordingly, unitholders are advised that this distribution has been converted from AUD and NZD to ZAR at an
exchange rate of AUD 1.00 : ZAR 10.20510 and NZD 1:00 : ZAR 9.60370. The resulting distribution is 51.69355
ZAR cents per unit (pre withholding tax paid in Australia and corporate tax paid in New Zealand) and 47.55829 ZAR
cents per unit (post withholding tax paid in Australia and corporate tax paid in New Zealand). This post withholding
tax distribution will be paid on Monday, 3 December 2018 as per the timetable set out in the reviewed interim
condensed consolidated financial results.



Johannesburg
20 November 2018


Sponsor
Investec Bank Limited

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