Update on lease renewals with Department of Public Works REBOSIS PROPERTY FUND LIMITED (Incorporated in the Republic of South Africa) (Registration number: 2010/003468/06) JSE share codes: REA ISIN: ZAE000240552 REB ISIN: ZAE000201687 Alpha code: REBI (Approved as a REIT by the JSE) (“Rebosis” or the “Company”) UPDATE ON LEASE RENEWALS WITH DEPARTMENT OF PUBLIC WORKS The weighted average lease expiry profile of the Company’s office portfolio has reduced over time as a result of lease agreements that have expired. Shareholders are advised that following the Company’s renewal process, nine leases were successfully concluded for a total gross lettable area of 62 354 m². Eight of these leases were renewed with the Department of Public Works (“DPW”) in respect of a total gross lettable area of 55 562 m² at an average rental of R110.25/m² and an average annual contractual escalation rate of 6%. The properties and tenants are: Property Location Gross Lettable Area Term User Department Medscheme Johannesburg 6 792m² 6.5 Medscheme Building years Victoria Mxenge Pretoria 24 720m² 5 Justice and Building years Constitutional Development Northstate Braamfontein 5 250m² 5 Justice and Building years Constitutional Development Arbour Square Braamfontein 4 678m² 5 Justice and years Constitutional Development Spectrum House Bellville 6 151m² 5 Water Affairs years Sigma House Bellville 3 085m² 5 Water Affairs years Prorom Building Nelspruit 5 473m² 5 Water Affairs years Mishumo House Braamfontein 4 268m² 3 Labour years Joshua Doore Pietermaritzburg 1 937m² 3 Rural Building years Development and (Jabu Ndlovu) Land Reform Negotiations in respect of the balance of the lease renewals are ongoing and are expected to be concluded soon. Johannesburg 7 May 2019 Equity and Debt Sponsor Nedbank Corporate and Investment Banking, a division of Nedbank Limited Investor Relations Articulate Capital Partners, Morne Reinders (firstname.lastname@example.org or +27(0)82 480 4541) Date: 07/05/2019 11:50:00 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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