OASIS CRESCENT PROPERTY FUND - Distribution Results Announcement

Distribution Results Announcement

OASIS CRESCENT PROPERTY FUND
A property fund created under the Oasis
Crescent Property Trust Scheme registered in
terms of the Collective Investment Schemes
Control Act (Act 45 of 2002) having REIT
status with the JSE
Share code: OAS
ISIN: ZAE000074332
(“the Fund”)

DISTRIBUTION RESULTS ANNOUNCEMENT

1.   Unitholders are referred to the announcements released by the Fund on SENS on
     24 October 2018 and 09 November 2018, regarding the Fund’s distribution in respect
     of the six months ended 30 September 2018, as well as the circular to unitholders
     dated 09 November 2018, in this regard.

2.    As indicated in the above announcements and circular, unitholders could elect to
      receive in cash the distribution of 5,448.27909 cents (in aggregate), after non-
      permissible income, for every 100 units held (“Cash Distribution”), failing which the
      distribution would be reinvested at the rate of 2.51304 units at 2 168 cents per unit (in
      aggregate) for every 100 units so held (“Unit Reinvestment”). Non-resident
      unitholders are referred to those sections of the abovementioned announcements and
      circular dealing with the reinvestment ratio and cash distribution ratio for non-resident
      unitholders. The deadline for the above election was 12:00pm on
      Friday, 30 November 2018.

3.   Unitholders holding 10 125 318 units or 16.54% of units qualifying to receive the
     distribution, elected to receive the Cash Distribution, resulting in a Cash Distribution of
     R5 516 555.83, gross of tax.

4.   The remaining unitholders, holding 51 093 776 units or 83.46% of units qualifying to
     receive the distribution, reinvested their distribution, amounting to R27 837 315.14,
     gross of tax (R 27 428 157.80 net of tax), resulting in the issuing of 1 265 056 new
     units.

5.   Unitholders are advised that on Monday, 03 December 2018 distribution cheques were
     posted to those certificated unitholders, and distribution payments were credited to the
     Central Securities Depositary Participant (“CSDP”) accounts or to the broker custody
     accounts of those dematerialised unitholders, who elected to receive the Cash
     Distribution.

6.   Unitholders are advised that on Wednesday, 05 December 2018 new unit certificates
     will be posted to those certificated unitholders, and new units will be credited to the
     CSDP accounts or broker custody accounts of those dematerialised unitholders, who
     qualified for the Unit Reinvestment.

7.   The number of listed units will be adjusted on or about Friday, 07 December 2018,
     based on the results of the distribution.

8.   Unitholders are referred to the Fund’s announcement on 24 October 2018 and, the
     Fund’s abovementioned circular to unitholders dated 09 November 2018, for details on
     the tax implications of the distribution.

3 December 2018
Cape Town

Designated Advisor
PSG Capital

Date: 03/12/2018 05:05:00 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.