Update Regarding Special Distribution 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”) UPDATE REGARDING SPECIAL DISTRIBUTION Linked unitholders of Vividend (“Linked Unitholders”) are referred to: a) the circular (“Circular”) that was posted to Vividend linked unitholders on 2 June 2014 relating to, inter alia, the indivisibly linked schemes of arrangement (the "Schemes") in terms of section 114 of the Companies Act 71 of 2008, as amended, proposed by the independent board of directors of Vividend between Vividend and the Linked Unitholders; and b) the announcement released on SENS on 27 June 2014 in terms of which, subject to the Schemes becoming unconditional and the approval by the Linked Unitholders of the amendment to the debenture trust deed as contemplated in the Circular, the directors of Vividend declared a gross special distribution of 4.04 cents per linked unit for the period 1 March 2014 to 31 March 2014 (“Special Distribution”). Notice is hereby given that the Schemes have not yet become unconditional and, accordingly, the salient dates relating to the Special Distribution are amended as set out below. The Special Distribution will be payable to Linked Unitholders recorded in the register of the Company on Friday, 25 July 2014. The last day to trade cum distribution will be Friday, 18 July 2014 and trading will commence ex distribution on Monday, 21 July 2014. In respect of dematerialised Linked Unitholders, the distribution will be transferred to the Central Securities Depository Participant (CSDP) accounts or brokers' accounts on Monday, 28 July 2014. Certificated Linked Unitholder distribution payments will be posted on or about Monday, 28 July 2014. No dematerialisation or rematerialisation of linked units may take place between Monday, 21 July 2014, and Friday, 25 July 2014, both days inclusive. The finalisation date announcement is expected to be released on SENS on Wednesday, 16 July 2014. Cape Town 4 July 2014 Sponsor to Vividend PSG Capital Date: 04/07/2014 03:21:00 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.