Results of Annual General Meeting TEXTON PROPERTY FUND LIMITED Granted REIT status by the JSE Incorporated in the Republic of South Africa (Registration number 2005/019302/06) Share code: TEX ISIN: ZAE000190542 (“Texton” or “the Company”) RESULTS OF ANNUAL GENERAL MEETING Texton shareholders are advised that at the Annual General Meeting of Texton held on 27 November 2018, all the resolutions as set out in the notice of Annual General Meeting were passed by the requisite majority of shareholders, save for “ordinary resolution number 5: Re-election of Mr MJ van Heerden as a Non-executive Director” and “ordinary resolution number 8: Election of Mr MH Muller as a member of the Audit and Risk Committee”, which were withdrawn prior to the Annual General Meeting, and “ordinary resolution number 4: Re-election of Mr P Ntshalintshali as a Non-executive Director”, “ordinary resolution number 11: General authority to place unissued shares under the control of directors” and “ordinary resolution number 12: General authority to issue shares for cash. The number of shares voted in person or by proxy was 268 693 745, representing 71% of the total issued share capital of Texton. The resolutions proposed at the meeting together with the percentage of votes carried for and against each resolution, as well as the percentage of shares abstained, are set out below: % of votes % of votes % of shares carried for the against the abstained Resolution resolution resolution Ordinary resolution 1: Confirmation of appointment and election of Mr MH Muller as a Non-executive Director 77.12 22.88 0.48 Ordinary resolution 2: Confirmation of appointment and election of Mr M Golding as a Non-executive Director 76.97 23.03 0.48 Ordinary resolution 3: Confirmation of appointment and election of Mr A Hannington as a Non-executive Director 97.15 2.85 0.48 Ordinary resolution 4: Re-election of Mr P Ntshalintshali as a Non-executive Director 28.23 71.77 0.48 Ordinary resolution 6: Re-election of Mr JR Macey as a Non-executive Director 94.71 5.29 0.48 Ordinary resolution 7: Re-election of Mr JR Macey as a member and Chairman of the Audit and Risk Committee 87.38 12.62 0.48 Ordinary resolution 9: Election of Mr A Hannington as a member of the Audit and Risk Committee 97.15 2.85 0.48 Ordinary resolution 10: Reappointment of auditors 96.89 3.11 0.48 Ordinary resolution 11: General authority to place unissued shares under the control of directors 42.42 57.58 0.53 Ordinary resolution 12: General authority to issue shares for cash 42.39 57.61 0.48 Ordinary resolution 13.1: Non-binding advisory vote - Approval of remuneration policy 59.00 41.00 0.57 Ordinary resolution 13.2: Non-binding advisory vote - Approval of remuneration implementation report 71.29 28.71 0.57 Ordinary resolution 14: Implementation of resolutions 99.98 0.02 0.90 Special resolution 1: Non-executive Directors’ remuneration 96.94 3.06 0.56 Special resolution 2: Authority to repurchase ordinary securities 99.97 0.03 0.86 Special resolution 3: Financial assistance to related and inter-related parties 85.28 14.72 0.56 Texton extends an invitation to those shareholders who voted against the non-binding advisory votes of ordinary resolutions 13.1 and 13.2, relating to the approval of remuneration policy and approval of remuneration implementation report, to engage with Texton in writing. Please send all comments and feedback to the Financial Director, Ms Inge Pick at inge@texton.co.za, by close of business on 31 December 2018. Johannesburg 27 November 2018 Sponsor Merchantec Capital Date: 27/11/2018 04:37:00 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.