Trading Statement INVESTEC AUSTRALIA PROPERTY FUND Operated by Investec Property Limited (ACN 071 514 246; AFSL 290 909) (“Responsible Entity”) and registered in Australia as a managed investment scheme under the Corporations Act 2001 (Cth) (Australia) (ARSN 162 067 736) Registered in terms of the Collective Investment Schemes Control Act No.45 of 2003 Share code: IAP ISIN: AU60INL00018 (“IAPF” or the “Fund”) TRADING STATEMENT In the preliminary condensed consolidated financial results for the year ended 31 March 2018, the board of IPL communicated to unitholders that the expected distribution growth for FY19 was between 2% and 2.5% pre- withholding tax and 0.0% to 0.5% post-withholding tax. Unitholders are advised that the growth in the FY19 distribution post-withholding tax is expected to be between 1.0% and 1.5%. The growth in the pre-withholding tax distribution of 2.0% to 2.5% is expected to remain unchanged. As with previous distribution declarations, and in line with the timetable stipulated in the JSE Limited Listings Requirements, the Fund will announce the final exchange rate used to convert the AUD distribution to ZAR one week before the LDT date to participate in the distribution. The financial results for the year ended 31 March 2019 on which this trading statement is based have not yet been reviewed by the Fund’s auditors, KPMG Inc. Johannesburg 8 April 2019 Financial Advisor and Sponsor Investec Bank Limited Date: 08/04/2019 10:16:00 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.
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