Results of annual general meeting 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 (Approved as a REIT by the JSE) (“Rebosis” or the “Company”) RESULTS OF ANNUAL GENERAL MEETING Rebosis shareholders are advised that the voting results for the annual general meeting of Rebosis (“AGM”) held at the offices of the Company and via electronic participation on Tuesday, 23 February 2021 were as follows. Voting per class of share Resolution Number of ordinary Percentage For** Against** Abstained*** shares (“Ords”) and of Ords and % % % A ordinary shares A Ords in (“A Ords”) voted issue* % Special resolution 1: Adjourned Approval of non-executive directors’ remuneration for their services as directors Special resolution 2: Adjourned Approval of non-executive directors’ remuneration for ad hoc attendances and additional work Ordinary resolution 1: 585 795 694 Ords 83.77 Ords 72.41 Ords 27.59 Ords 0.04 Ords Adoption of annual financial 51 503 286 A Ords 81.41 A Ords 29.01 A Ords 70.99 A Ords 0.04 A Ords statements of the Company Ordinary resolution 2: 585 397 197 Ords 83.72 Ords 53.22 Ords 46.78 Ords 0.09 Ords Confirmation of the appointment 51 503 286 A Ords 81.41 A Ords 27.14 A Ords 72.86 A Ords 0.04 A Ords of Mr Lloyd Pengilly as a director of the Company Ordinary resolution 3: 585 397 197 Ords 83.72 Ords 56.16 Ords 43.84 Ords 0.09 Ords Confirmation of the appointment 51 503 286 A Ords 81.41 A Ords 14.12 A Ords 85.88 A Ords 0.04 A Ords of Mr Kameel Keshav as a director of the Company Ordinary resolution 4: 585 413 161 Ords 83.72 Ords 56.15 Ords 43.85 Ords 0.09 Ords Confirmation of the appointment 51 503 286 A Ords 81.41 A Ords 27.14 A Ords 72.86 A Ords 0.04 A Ords of Ms Asathi Magwentshu as a director of the Company Ordinary resolution 5: 585 413 161 Ords 83.72 Ords 56.15 Ords 43.85 Ords 0.09 Ords Re-election of director – Mr 51 503 286 A Ords 81.41 A Ords 16.81 A Ords 83.19 A Ords 0.04 A Ords Nomfundo Qangule Ordinary resolution 6: 585 413 161 Ords 83.72 Ords 56.15 Ords 43.85 Ords 0.09 Ords Re-election of director - Mr 51 503 286 A Ords 81.41 A Ords 16.81 A Ords 83.19 A Ords 0.04 A Ords Maurice Mdlolo Ordinary resolution 7: Re-appointment and appointment of members of the audit and risk committee To re-appoint Mr K Keshav as a 585 802 208 Ords 83.78 Ords 54.03 Ords 45.97 Ords 0.04 Ords member and chairman of the 51 503 286 A Ords 81.41 A Ords 11.20 A Ords 88.80 A Ords 0.04 A Ords audit and risk committee To re-appoint Mr TS Seopa as a Withdrawn due to Mr Seopa’s resignation as a director on 8 February 2021 member of the audit and risk committee To re-appoint Mr M Mdlolo as a 585 800 708 Ords 83.78 Ords 54.91 Ords 45.09 Ords 0.04 Ords member of the audit and risk 51 503 286 A Ords 84.14 A Ords 16.73 A Ords 83.27 A Ords 0.04 A Ords committee To re-appoint Mr N Qangule as a 585 800 708 Ords 83.78 Ords 54.91 Ords 45.09 Ords 0.04 Ords member of the audit and risk 51 503 286 A Ords 84.14 A Ords 13.81 A Ords 86.19 A Ords 0.04 A Ords committee Ordinary resolution 8: Appointment of members of the social and ethics committee To appoint Mr TS Seopa as a Withdrawn due to Mr Seopa’s resignation as a director on 8 February 2021 member and the chairman of the social and ethics committee To appoint Mr N Qangule as a 576 367 184 Ords 82.43 Ords 54.30 Ords 45.70 Ords 1.39 Ords member of the social and ethics 51 503 286 A Ords 84.14 A Ords 16.73 A Ords 83.27 A Ords 0.04 A Ords committee To appoint Ms Z Kogo as a 584 697 337 Ords 83.62 Ords 56.10 Ords 43.90 Ords 0.19 Ords member of the social and ethics 51 503 286 A Ords 84.14 A Ords 27.06 A Ords 72.94 A Ords 0.04 A Ords committee To appoint Ms A Magwentshu as 585 402 211 Ords 83.72 Ords 54.99 Ords 45.01 Ords 0.09 Ords a member of the social and ethics 51 503 286 A Ords 84.14 A Ords 24.14 A Ords 75.84 A Ords 0.04 A Ords committee Ordinary resolution 9: 424 090 941 Ords 60.65 Ords 99.88 Ords 0.12 Ords 23.16 Ords Re-appointment of auditors 14 983 307 A Ords 23.68 A Ords 92.97 A Ords 7.03 A Ords 57.76 A Ords Ordinary resolution 10: Adjourned Remuneration policy Ordinary resolution 11: Adjourned Remuneration implementation report Ordinary resolution 12: 584 690 823 Ords 83.62 Ords 99.93 Ords 0.07 Ords 0.19 Ords Signature of documentation 51 503 286 A Ords 81.41 A Ords 98.04 A Ords 1.95 A Ords 0.04 A Ords * Based on 699 253 200 Ords and 63 266 012 A Ords in issue at the date of the AGM. ** In relation to the total number of Ords and A Ords voted at the AGM. *** In relation to the total number of Ords and A Ords in issue at the date of the AGM. Combined voting of Ords and A Ords (“combined shares”) Resolution Number of Percentage For** Against** Abstained*** combined shares of combined % % % voted shares in issue* % Special resolution 1: Adjourned Approval of non-executive directors’ remuneration for their services as directors Special resolution 2: Adjourned Approval of non-executive directors’ remuneration for ad hoc attendances and additional work Ordinary resolution 1: 637 765 080 83.64 68.92 31.08 0.04 Adoption of annual financial statements of the Company Ordinary resolution 2: 637 366 583 83.59 51.15 48.85 0.09 Confirmation of the appointment of Mr Lloyd Pengilly as a director of the Company Ordinary resolution 3: 637 366 583 83.59 52.79 47.21 0.09 Confirmation of the appointment of Mr Kameel Keshav as a director of the Company Ordinary resolution 4: 637 382 547 83.59 53.84 46.16 0.09 Confirmation of the appointment of Ms Asathi Magwentshu as a director of the Company Ordinary resolution 5: 637 382 547 83.59 53.00 47.00 0.09 Re-election of director – Mr Nomfundo Qangule Ordinary resolution 6: 637 382 547 83.59 53.00 47.00 0.09 Re-election of director - Mr Maurice Mdlolo Ordinary resolution 7: Re-appointment and appointment of members of the audit and risk committee To re-appoint Mr K Keshav as a 637 771 594 83.64 50.60 49.40 0.04 member and chairman of the audit and risk committee To re-appoint Mr TS Seopa as a Withdrawn due to Mr Seopa’s resignation as a director on 8 February 2021 member of the audit and risk committee To re-appoint Mr M Mdlolo as a 637 770 094 83.64 51.86 48.14 0.04 member of the audit and risk committee To re-appoint Mr N Qangule as a 637 770 094 83.64 51.62 48.38 0.04 member of the audit and risk committee Ordinary resolution 8: Appointment of members of the social and ethics committee To appoint Mr TS Seopa as a Withdrawn due to Mr Seopa’s resignation as a director on 8 February 2021 member and the chairman of the social and ethics committee To appoint Mr N Qangule as a 628 336 570 82.40 51.26 48.74 1.27 member of the social and ethics committee To appoint Ms Z Kogo as a 636 666 723 83.50 53.78 46.22 0.18 member of the social and ethics committee To appoint Ms A Magwentshu as 637 371 597 83.59 52.53 47.47 0.09 a member of the social and ethics committee Ordinary resolution 9: 439 540 348 57.64 99.65 0.35 26.03 Re-appointment of auditors Ordinary resolution 10: Adjourned Remuneration policy Ordinary resolution 11: Adjourned Remuneration implementation report Ordinary resolution 12: 636 660 209 83.49 99.78 0.22 0.18 Signature of documentation * Based on 762 519 212 combined shares in issue consisting of 699 253 200 Ords and 63 266 012 A Ords at the date of the AGM. ** In relation to the total number of combined shares voted at the AGM. *** In relation to the total number of combined shares in issue at the date of the AGM. Based on the above voting results, all resolutions voted on at the AGM were passed by the requisite majority of Rebosis shareholders represented at the AGM. At the AGM, the consideration of Special Resolution Numbers 1 and 2 and Ordinary Resolution Numbers 10 and 11 (as referred to in the notice of AGM) (the "adjourned resolutions") was adjourned by the chairperson for consideration at a meeting to be held virtually or by electronic participation at 10h00 on Thursday, 15 April 2021 (the "adjourned meeting"). The consideration of these resolutions was adjourned due to an ongoing legal dispute in relation to a block of Rebosis shares comprising 160,999,879 Rebosis Ords and 36,519,979 A Ords (the "affected shares"). Among the matters in dispute in relation to the affected shares, is the matter of which party has the legal right to exercise the voting rights attached to the affected shares. The Company received preliminary legal advice to the effect that a degree of legal uncertainty exists as to which party, in the circumstances, has the right to exercise the voting rights attaching to the affected shares, but given the timing considerations the Company was unable to obtain a formal opinion from senior counsel as to the correct legal position prior to the AGM. The Company determined that the affected shares are capable of potentially having a decisive impact on the outcome of the voting on the adjourned resolutions, and therefore the chairperson decided to adjourn the consideration of such resolutions to enable the Company to obtain formal and definitive legal advice on the matter to ensure that the voting on the adjourned resolutions is conducted lawfully in accordance with the Company's MOI and all applicable laws. In respect of the remaining resolutions, the Company determined that, irrespective of how the voting rights attaching to the affected shares were cast, the affected shares were not capable of potentially having a decisive impact on the outcome of such resolutions. Accordingly, all resolutions other than the adjourned resolutions were tabled at the AGM and the results of the voting thereon are set out above. Please be advised that a separate announcement will be released with the full details of the adjourned meeting. 24 February 2021 Sponsor Nedbank Corporate and Investment Banking, a division of Nedbank Limited Legal advisor Cliffe Dekker Hofmeyr Inc Date: 24-02-2021 04:27:00 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. 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