Results of the Annual General Meeting held on 03 August 2020 INVESTEC PROPERTY FUND LIMITED (Incorporated in the Republic of South Africa) (Reg. No: 2008/011366/06) Approved as a REIT by the JSE Share Code: IPF ISIN: ZAE000180915 ("Investec Property Fund" or "the Fund") RESULTS OF THE ANNUAL GENERAL MEETING HELD ON 03 AUGUST 2020 Shareholders are advised that at the 2020 Annual General Meeting (AGM) of Investec Property Fund Limited held by electronic participation on 03 August 2020, all the resolutions set out in the notice and proposed at the meeting were passed, without modification, by the requisite majority of shareholders. The resolutions were voted on as follows: % of issued Number share capital Total number of shares present/represented including proxies at 77% 621 192 892 meeting Votes in Votes Favour Against Abstentions* Ordinary Resolution Number 1 – Re-election of S Hackner as a Director 579 525 520 38 819 121 2 848 251 93.72% 6.28% 0.35% Ordinary Resolution Number 2 – Re-election of MM Ngoasheng as a Director 614 423 985 3 920 656 2 848 251 99.37% 0.63% 0.35% Ordinary Resolution Number 3 – Re-election of PA Hourquebie as a Director 617 583 049 761 592 2 848 251 99.88% 0.12% 0.35% Ordinary Resolution Number 4 – Election of PA Hourquebie as member of Audit and Risk 617 849 244 495 397 2 848 251 Committee 99.92% 0.08% 0.35% Ordinary Resolution Number 5 – Election of CM Mashaba as member of Audit and Risk 603 664 851 14 679 790 2 848 251 Committee 97.63% 2.37% 0.35% Ordinary Resolution Number 6 – Election of MM Ngoasheng as member of Audit and Risk 589 407 049 28 937 592 2 848 251 Committee 95.32% 4.68% 0.35% Ordinary Resolution Number 7 – Election of KL Shuenyane as member of Audit and Risk 618 338 669 4 980 2 849 243 Committee 100% 0% 0.35% Ordinary Resolution Number 8 – Re-appointment of Ernst & Young as designated auditors 498 036 127 120 308 514 2 848 251 80.54% 19.46% 0.35% Ordinary Resolution Number 9 – Directors’ and Company Secretary Authority to take 618 341 772 146 2 850 974 action in respect of the resolutions approved by 100% 0% 0.35% shareholders Ordinary Resolution Number 10 – Specific Authority to Directors to allot and issue shares in 583 797 328 34 547 313 2 848 251 relation to a Dividend Re-Investment Plan 94.41% 5.59% 0.35% Ordinary Resolution Number 11 – Directors’ authority to allot and issue authorised but 515 438 267 102 657 563 3 097 062 unissued shares 83.39% 16.61% 0.38% Special Resolution Number 1 – Directors’ authority to allot and issue shares for cash in 564 735 226 53 360 604 3 097 062 respect of 5% of the shares in issue 91.37% 8.63% 0.38% Special Resolution Number 2 – Directors’ general authority to acquire shares 552 509 576 65 835 065 2 848 251 89.35% 10.65% 0.35% Special Resolution Number 3 – Non-Executive Directors’ remuneration 518 181 110 100 162 539 2 849 243 83.80% 16.20% 0.35% Special Resolution Number 4 – Financial assistance to subsidiaries and other related and 618 092 961 250 688 2 849 243 inter-related entities 99.96% 0.04% 0.35% * in relation to the total issued share capital The special resolutions, to the extent required, will be submitted for filing with the Companies and Intellectual Property Commission in due course. Investec Property Fund Limited Johannesburg 03 August 2020 Sponsor: Investec Bank Limited Date: 03-08-2020 03:42:00 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.