Results of the Written Resolutions of Shareholders Transcend Residential Property Fund 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 THE WRITTEN RESOLUTIONS OF SHAREHOLDERS Transcend shareholders ("Shareholders") are referred to the announcement released on the Stock Exchange News Service of the JSE Limited ("JSE") on 22 November 2018, regarding the submission to Shareholders of a circular and notice of written resolutions to be voted on by Shareholders (“Notice”). Shareholders are advised that Special Resolution 1 and Ordinary Resolution 1 were approved and adopted by the Company in terms of section 60(2) of the Companies Act, 71 of 2008 (“Companies Act”). The number of shares voted in person or by proxy was 72 946 443, representing 99.1% of the total Shares in issue. Details of the results of voting in terms of the Notice were as follows: Resolution For* Against* Abstained** % % % Special Resolution 1 – authority to issue Shares as required in terms 100.00% 0.00% 0.00% of the Companies Act Ordinary Resolution 1 – approval of the acquisition of the IHS Res 1 100.00% 0.00% 0.00% Properties and Protea Glen in terms of the JSE Listings Requirements * In relation to the total number of Shares voted in terms of the Notice. ** In relation to the total number of Shares in issue at the date of the Notice. The Company will, by no later than Friday, 14 December 2018, distribute a statement of these results to Shareholders recorded in the Company’s register as at Friday, 9 November 2018, being the record date, in accordance with section 60(4) of the Companies Act. Johannesburg 5 December 2018 Corporate Advisor and Bookrunner Tenurey BSM Proprietary Limited Transaction Designated Advisor Questco Proprietary Limited Designated Advisor Questco Corporate Advisory Proprietary Limited Legal and Competition Law Advisor Cliffe Dekker Hofmeyr Inc. Independent Reporting Accountants and Auditors KPMG Inc. 1 Date: 05/12/2018 05:32:00 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.