OASIS CRESCENT PROPERTY FUND - Short-form announcement: Audited results for the year ended 31 March 2026 and distribution declaration

Short-form announcement: Audited results for the year ended 31 March 2026 and distribution declaration

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 real estate
investment trust ("REIT") status with the JSE
Share code: OAS
ISIN: ZAE000074332
("OCPF" or "the Fund")

SHORT-FORM ANNOUNCEMENT: AUDITED RESULTS FOR THE YEAR ENDED 31 MARCH 2026
AND DISTRIBUTION DECLARATION

OASIS PHILOSOPHY & STRATEGY

OCPF is a unique investment opportunity with a direct property portfolio in desirable locations,
predominantly in the Western Cape. OCPF also offers diversification to investors with exposure to high
quality global REITS through its investment in the Oasis Crescent Global Property Equity Fund. OCPF
has a strong balance sheet and is one of the only listed REITS in the world with no debt. OCPF has a
high quality tenant base and an experienced management team with a strong performance history.

1.   THE PERIOD IN BRIEF

Good rental growth in the industrial, retail and the coastal markets of South Africa, with little new supply
and improving demand reducing vacancies.

OCPF delivered excellent results driven by lower vacancies, increased lease length and a strong
performance in the global investment income in US$ which offset the impact from its second largest
income generating property, Sacks Circle, being under strategic redevelopment and not generating
income during this period, the stronger Rand impact on global investment income and lower yields
impacting the return on income investments.

Distribution including non-permissible income increased by 2.3% to 122.7 cents per unit relative to
120.0 cents in the prior year corresponding period.

OCPF has no debt and its tenant profile remains low-risk as 87% of tenants are multi-national, national,
or government-related.

Intrinsic value return (NAV growth and distribution income) of 11.1% per annum since inception
compared to inflation of 5.3% per annum.

Trading at a 12% discount to NAV taking into consideration the current FY2026 final dividend of 58.3
cents per unit.

2. KEY FINANCIAL HIGHLIGHTS

Revenue increased by 7.2% to R156.1 million, from R145.6 million in the prior corresponding period.

Distributable income increased by 2.3% to R79.1 million, from R77.3 million in the prior corresponding
period.

Distribution per unit ("DPU") increased by 2.1% to 121.0 cents per unit, from 118.5 cents per unit in
the prior corresponding period.

Net asset value per unit ("NAVPU") increased by 2.5% to 2,878 cents per unit, from 2,807 cents per
unit in the prior corresponding period.

Headline earnings per unit ("HEPU") decreased by 3.3% to 142.2 cents per unit, from 147.1 cents per
unit in the prior corresponding period, due to adjustments on financial assets at fair value through profit
or loss.

Earnings per unit ("EPU") decreased by 7.1% to 191.6 cents per unit, from 206.2 cents per unit in the
prior corresponding period, due to adjustments on financial assets at fair value through profit or loss.

3.   DECLARATION ANNOUNCEMENT IN RESPECT OF THE DISTRIBUTION FOR THE SIX
     MONTHS ENDED 31 MARCH 2026

Notice is hereby given that a distribution of 5,829.702 cents (in aggregate), after non-permissible
income, for every 100 (one hundred) units so held, has been approved and declared by the board to
unitholders recorded in the register of OCPF at close of business on Friday, 5 June 2026, from income.
Unitholders may elect to receive the distribution in cash or to reinvest the distribution by the purchase
of new units at a rate of 2.02561 units at 2,878 cents per unit (in aggregate), for every 100 (one
hundred) units so held.

Trading in the electronic Strate environment does not permit fractions and fractional entitlements in
respect of units. Accordingly, should a unitholder's entitlement to new units, calculated in accordance
with the ratio mentioned above, give rise to a fraction of a new unit, such fraction will be rounded down
to the nearest whole number, resulting in allocations of whole units and a payment to the unitholder in
respect of the remaining cash amount due to that unitholder under the distribution.

The publication of this announcement and/or applicable documents and the right to reinvest the
distribution in jurisdictions other than South Africa may be restricted by law and a failure to comply with
any of these restrictions may constitute a violation of the securities laws of any such jurisdictions.
OCPF units have not been and will not be registered for the purposes of the election under the
securities laws of the United Kingdom, European Economic Area or EEA, Canada, United States of
America, Japan or Australia and accordingly are not being offered, sold, taken up, re-sold or delivered
directly or indirectly to recipients with registered addresses in such jurisdictions.

In respect of the distribution, unitholders who will receive the distribution are hereby informed that, for
taxation purposes, OCPF is a REIT as defined in the Income Tax Act as from 1 April 2013 and,
accordingly, the tax implications of the distribution have changed as from that date. The distribution
will not be exempt from income tax in terms of section 10(1)(k) of the Income Tax Act.

For South African tax residents, the distribution will be exempt from dividends tax in terms of section
64F(1) of the Income Tax Act, provided that you, as unitholder, provide the transfer secretary or your
nominee, custodian or central securities depository participant ("CSDP") with confirmation of your tax
residence status in the prescribed form. If you do not provide the required residence status, they will
have no choice but to withhold dividends tax at a rate of 20%.

For non-resident unitholders, for South African tax purposes, the distribution received by a non-
resident unitholder from a REIT will be subject to dividend withholding tax at 20%, unless the rate is
reduced in terms of any applicable agreement for the avoidance of double taxation ("DTA") between
South Africa and the country of tax residence of the unitholder. Non-resident unitholders that believe
that a reduced rate of tax applies in respect of their applicable DTA should contact the transfer
secretaries or their nominee, custodian or CSDP for the prescribed form to record the reduced rate of
tax.

Where dividends tax is withheld at 20%:
- the reinvestment ratio for non-resident unitholders will be 1.62049 units at 2,878 cents per unit,
  for every 100 (one hundred) units held on the record date; and
- should such unitholders elect to receive the distribution in cash, they will receive 4,663.762 cents
  per 100 (one hundred) units held on the record date.

Kindly contact the transfer secretaries, or your nominee, custodian or CSDP for a copy of the
prescribed declaration form.

The Income Tax Act sections applicable to the distributions made are as follows:

- Property income distribution from a REIT – section 10(1)(k) and section 64F(1)
Both resident and non-resident unitholders are encouraged to consult their professional tax advisors
with regard to their individual tax liability in this regard.

A circular, together with a form of election, will be posted out to unitholders on Wednesday,
6 May 2026, in respect of the unit and income distribution.

Units in issue at the date of declaration of the distribution: 65 907 571 (including 526 994 units in
treasury)

Income tax reference number: 3354212148

The salient dates of the distribution declaration are:

                                                                                                 2026
Release of results and declaration announcement on SENS of                          Tuesday, 21 April
distribution and right of election to purchase new units or receive a
cash payment
Circular and form of election distributed to unitholders                             Wednesday, 6 May
Finalisation announcement on SENS in respect of cash distribution                    Wednesday, 6 May
and right of election to purchase new units or receive a cash payment
Last day to trade in order to be eligible for the distribution                        Tuesday, 2 June
Trading commences ex-entitlement to the distribution                                Wednesday, 3 June
Listing of maximum possible number of units that may be purchased                      Friday, 5 June
at commencement of trade
Closing date for the election of cash distribution or to reinvest at                   Friday, 5 June
12:00 p.m. on
Record date for the distribution                                                       Friday, 5 June
Electronic payment and CSDP/broker accounts updated with cash                          Monday, 8 June
Announcement of the results of the distribution on SENS                                Monday, 8 June
Unit certificates posted and CSDP/broker accounts updated with units               Wednesday, 10 June
Adjustment of number of new units listed on                                           Friday, 12 June

Notes:
1.   Unitholders reinvesting their distribution in new units are alerted to the fact that the new
     units will be listed 3 business days after the last day to trade and that these new units can
     only be traded 3 business days after the last day to trade, due to the fact that settlement
     of the units will be 3 business days after the record date, which differs from the
     conventional one business day after the record date settlement process.
2.   Units may not be dematerialised or rematerialised between Wednesday, 3 June 2026 and Friday,
     5 June 2026, both days inclusive.
3.   The above dates and times are subject to change. Any changes will be announced on SENS.
4.   All times quoted above are South African times.
5.   Dematerialised unitholders should provide their CSDP or broker with their election instructions
     by the cut-off time stipulated in terms of their custody agreement with such CSDP or broker.
6.   If no election is made, the distribution accrued to the unitholder will be used to purchase additional
     units.

4.   SHORT-FORM ANNOUNCEMENT

This short-form announcement is the responsibility of the directors of the Fund's manager, Oasis
Crescent Property Fund Managers Limited. It contains only a summary of the information in the Full
Announcement ("Full Announcement") and does not contain full or complete details. The full
Announcement can be found at:

https://senspdf.jse.co.za/documents/2026/JSE/ISSE/OAS/FY2026.pdf

Copies of the Full Announcement are also available for viewing on the Fund's website at
https://www.oasis.co.za/annual-financial-statements.

Any investment decisions by investors and/or shareholders should be based on consideration of the
Full Announcement, as a whole.

These annual results for the year ended 31 March 2026 have been audited by the Fund's auditors,
Nexia SAB&T, who expressed an unmodified audit opinion thereon. The audit opinion is available,
along with the consolidated annual financial statements and the summarised consolidated financial
statements, on the Fund's website at https://www.oasis.co.za/annual-financial-statements.

Cape Town
21 April 2026

Corporate Advisor and Designated Advisor
PSG Capital

Date: 21-04-2026 05:30:00
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