VIVIDEND INCOME FUND LIMITED - Modification of Resolutions

Modification of Resolutions

VIVIDEND INCOME FUND LIMITED
(Incorporated in the Republic of South Africa)
(Registration Number 2010/003232/06)
JSE share code: VIF
ISIN: ZAE000150918
(Approved as a REIT by the JSE)
(“Vividend” or “the Company”)

MODIFICATION OF RESOLUTIONS

Linked unitholders of Vividend (“Vividend Linked
Unitholders”) are referred to the joint announcement by
Vividend and Arrowhead Properties Limited released on SENS
on 2 June 2014 ("the Announcement") regarding the circular
that was posted to Vividend Linked Unitholders on 
2 June 2014 relating to, inter alia, the indivisibly linked
schemes of arrangement between Vividend and the Vividend
Linked Unitholders in terms of section 114 of the Companies
Act 71 of 2008, as amended, proposed by the independent
board of directors of Vividend (“Circular”).

The Announcement indicated that:

a) a general meeting of Vividend ordinary shareholders will
   be held at 10h00 on Wednesday, 2 July 2014 at 1st Floor,
   Ou Kollege, 35 Kerk Street, Stellenbosch ("General
   Meeting of Vividend Ordinary Shareholders") for the
   purpose of considering and, if deemed fit, passing with
   or without modification, the resolutions set out in the
   notice of the General Meeting of Vividend Ordinary
   Shareholders included in the Circular (“Vividend Ordinary
   Shareholder Resolutions”); and

b) a general meeting of Vividend debenture holders will be
   held at 10h15 on Wednesday, 2 July 2014 at 1st Floor, Ou
   Kollege, 35 Kerk Street, Stellenbosch ("General Meeting
   of Vividend Debenture Holders") for the purpose of
   considering and, if deemed fit, passing with or without
   modification, the resolutions set out in the notice of
   the General Meeting of Vividend Debenture Holders
   included in the Circular (“Vividend Debenture Holder
   Resolutions”).

Vividend Linked Unitholders are hereby advised that:

a) special resolution number 2 of the Vividend ordinary
   shareholders (Amendment of the Vividend Debenture Trust
   Deed) as set out in the Vividend Ordinary Shareholder
   Resolutions will be modified at the General Meeting of
   Vividend Ordinary Shareholders; and

b) special resolution number 2 of the Vividend debenture
   holders (Amendment of the Vividend Debenture Trust Deed)
   as set out in the Vividend Debenture Holder Resolutions
   will be modified at the General Meeting of Vividend
   Debenture Holders,

to amend the time period referred to therein from “3 (three)
months” to “4 (four) months”.

The reference to “3 (three) months” as opposed to “4 (four)
months” was an oversight and the Company confirms that the
proposed modifications to the resolutions referred to above
will not impact the substance of such resolutions.

Cape Town
23 June 2014

Sponsor to Vividend
PSG Capital

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