Investec Australia Property Fund settlement of 757 Ann street INVESTEC AUSTRALIA PROPERTY FUND Established in Australia and registered with ASIC as a managed investment scheme (ARSN 162 067 736) Operated by Investec Property Limited (ACN 071 514 246; AFSL 290 909) (“Responsible Entity”) Registered as a foreign collective investment scheme in terms of the Collective Investment Schemes Control Act No.45 of 2003 Unit code: IAP ISIN: AU0000046005 (“IAP“ or the “Fund”) INVESTEC AUSTRALIA PROPERTY FUND SETTLEMENT OF 757 ANN STREET Investec Property Limited as responsible entity of Investec Australia Property Fund (IAP or the Fund) is pleased to announce that it has completed the sale of 757 Ann Street, Fortitude Valley QLD (Property).(1) The sale price for the Property was $94,000,000(2), with the proceeds from the sale of the Property used to repay debt. This announcement has been authorised for release by the Company Secretary. Johannesburg 1 April 2020 Investment Bank and Sponsor Investec Bank Limited Footnotes (1) The Property is held in Investec Australia Sub Trust No.6, a wholly-owned subsidiary of the Fund. (2) Subject to customary adjustments. An amount of $1,300,000 is being retained by the Fund’s solicitors for a period of 12 months following settlement in respect of a planning matter being considered by the Brisbane City Council. On the assumption that the planning matter is resolved, this amount will be released to the Fund on the relevant date. Date: 01-04-2020 08:07:00 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.