REBOSIS PROPERTY FUND LIMITED - Results of annual general meeting

Results of annual general meeting

REBOSIS PROPERTY FUND LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 2010/003468/06)
JSE share codes:
REA ISIN: ZAE000240552
REB ISIN: ZAE000201687
Alpha code: REBI
(Approved as a REIT by the JSE)
(“Rebosis” or the “Company”)

RESULTS OF ANNUAL GENERAL MEETING

Rebosis shareholders are advised that the voting results for the annual general meeting of Rebosis (“AGM”) held at
the registered offices of the Company on Monday, 28 January 2019 were as follows. It should be noted that Ordinary
resolution 8 relating to a general authority to issue shares for cash was withdrawn prior to the commencement of the
AGM.

 Resolution                               Number of     Percentage             For**       Against**   Abstained***
                                    Ordinary shares    of Ords and               %                %               %
                                     (“Ords”) and A      A Ords in
                                    Ordinary shares         issue*
                                   (“A Ords”) voted              %
 Special resolution 1:             593 296 986 Ords     84.85 Ords       94.36 Ords       5.64 Ords       0.15 Ords
 General authority to enable      55 343 996 A Ords   87.48 A Ords     94.15 A Ords     5.85 A Ords     0.00 A ords
 the company (or any
 subsidiary) to repurchase
 shares of the company
 Special resolution 2:             593 296 986 Ords     84.85 Ords       98.56 Ords       1.44 Ords       0.15 Ords
 Authority to grant financial     55 343 996 A Ords   87.48 A Ords     85.93 A Ords    14.07 A Ords     0.00 A Ords
 assistance to related and
 inter-related companies
 Special resolution 3:             468 102 732 Ords     66.94 Ords       99.40 Ords       0.60 Ords      18.05 Ords
 General authority to provide     55 343 996 A Ords   87.48 A Ords     93.20 A Ords     6.80 A Ords     0.00 A Ords
 financial assistance for the
 subscription and/or
 purchase of securities in the
 company or in related or
 inter-related companies
 Special resolution 4:             593 296 986 Ords     84.85 Ords       99.64 Ords       0.36 Ords       0.15 Ords
 Approval of non-executive        55 343 996 A Ords   87.48 A Ords    100.00 A Ords     0.00 A ords     0.00 A Ords
 directors’ remuneration for
 their services as directors
 Ordinary resolution 1:            593 296 986 Ords     84.85 Ords       99.91 Ords       0.09 Ords       0.15 Ords
 Approval of the annual           55 343 996 A Ords   87.48 A Ords     94.15 A Ords     5.85 A Ords     0.00 A Ords
 financial statements of the
 company
 Ordinary resolution 2:            593 296 986 Ords     84.85 Ords      100.00 Ords       0.00 Ords       0.15 Ords
 To confirm the appointment       55 343 996 A Ords   87.48 A Ords    100.00 A Ords     0.00 A Ords     0.00 A Ords
 of Robert Paul Becker as a
 director of the company
 Ordinary resolution 3:            593 296 986 Ords     84.85 Ords      100.00 Ords       0.00 Ords       0.15 Ords
 To confirm the appointment       55 343 996 A Ords   87.48 A Ords    100.00 A Ords     0.00 A Ords     0.00 A Ords
 of Isabeau King as a director
 of the company
 Ordinary resolution 4:           593 296 986 Ords     84.85 Ords        94.34 Ords       5.66 Ords       0.15 Ords
To re-elect Dr Anna T            55 343 996 A Ords   87.48 A Ords      94.15 A Ords     5.85 A Ords     0.00 A Ords
Mokgokong as a director of
the company
Ordinary resolution 5:            593 296 986 Ords     84.85 Ords        99.91 Ords       0.09 Ords       0.15 Ords
To re-elect Maurice Mdlolo       55 343 996 A Ords   87.48 A Ords      94.15 A Ords     5.85 A Ords     0.00 A Ords
as a director of the company
Ordinary resolution 6:
Re-appointment and
appointment of members of
the audit and risk
committee
6.1 To re-appoint Francois        593 296 986 Ords     84.85 Ords        99.55 Ords       0.45 Ords       0.15 Ords
    Froneman as a                55 343 996 A Ords   87.48 A Ords      94.15 A Ords     5.85 A Ords     0.00 A Ords
    member and the
    chairman of the audit
    and risk committee
6.2 To re-appoint Thabo           593 296 986 Ords     84.85 Ords        99.55 Ords       0.45 Ords       0.15 Ords
    Seopa as a member of         55 343 996 A Ords   87.48 A Ords      94.15 A Ords     5.85 A Ords     0.00 A Ords
    the audit and risk
    committee
6.3 To re-appoint Nomfundo        593 296 986 Ords     84.85 Ords        99.55 Ords       0.45 Ords       0.15 Ords
      Qangule as a member        55 343 996 A Ords   87.48 A Ords      94.15 A Ords     5.85 A Ords     0.00 A Ords
      of the audit and risk
      committee
Ordinary resolution 7:            593 296 986 Ords     84.85 Ords        99.46 Ords       0.54 Ords       0.15 Ords
To reappoint BDO South           55 343 996 A Ords   87.48 A Ords      94.15 A Ords     5.85 A Ords     0.00 A Ords
Africa Inc as auditors of the
company
Ordinary resolution 9:            468 102 732 Ords     66.94 Ords        86.28 Ords      13.72 Ords      18.05 Ords
Specific authority to issue      55 343 996 A Ords   87.48 A Ords      23.06 A Ords    76.94 A Ords     0.00 A Ords
shares pursuant to a
reinvestment option
Ordinary resolution 10:           468 102 732 Ords     66.94 Ords        82.50 Ords      17.50 Ords      18.05 Ords
Control over unissued            55 335 781 A Ords   87.47 A Ords      83.64 A Ords    16.36 A Ords     0.01 A Ords
shares
Ordinary resolution 11:           593 296 986 Ords     84.85 Ords        47.96 Ords      52.04 Ords       0.15 Ords
Non-binding advisory vote        55 343 996 A Ords   87.48 A Ords      16.63 A Ords    83.37 A Ords     0.00 A Ords
on Remuneration policy 
Ordinary resolution 12:           593 270 733 Ords     84.84 Ords        41.65 Ords      58.35 Ords       0.15 Ords
Non-binding advisory vote        55 343 996 A Ords   87.48 A Ords      14.46 A Ords    85.54 A Ords     0.00 A Ords
regarding the approval of
remuneration
implementation report
Special resolution 5:             463 877 908 Ords     66.34 Ords        80.08 Ords      19.92 Ords      18.65 Ords
Approval to issue shares in      51 321 080 A Ords   81.12 A Ords      92.65 A Ords     7.35 A Ords     6.36 A Ords
terms of section 41(1) of the
Companies Act
Ordinary resolution 13:           593 296 986 Ords     84.85 Ords       100.00 Ords       0.00 Ords       0.15 Ords
To authorise the signature       55 343 996 A Ords   87.48 A Ords     100.00 A Ords     0.00 A Ords     0.00 A Ords
of documentation

*       Based on 699 253 200 Ords and 63 266 012 A Ords in issue at the date of the AGM.
**      In relation to the total number of Ords and A Ords voted at the AGM.
***     In relation to the total number of Ords and A Ords in issue at the date of the AGM.

Based on the above voting results, all resolutions were passed by the requisite majority of Rebosis shareholders
present in person or represented by proxy at the AGM.

Shareholders a further advised that due to Ordinary resolutions 11 and 12 relating to the non-binding advisory votes
for the remuneration policy and approval of the remuneration implementation report being voted against by more
than 25% of shareholders present in person or represented by proxy at the AGM, Rebosis has commenced
engagement with such shareholders on an individual basis as required by the JSE Limited Listings Requirements.

Sandton
28 January 2019

Sponsor
Nedbank Corporate and Investment Banking

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