Appointment of Independent Non-Executive Director INVESTEC AUSTRALIA PROPERTY FUND Established in Australia and registered with ASIC as a managed investment scheme (ARSN 162 067 736) and 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”) APPOINTMENT OF INDEPENDENT NON-EXECUTIVE DIRECTOR Appointment of Director Investec Property Limited, as Responsible Entity of IAP, is pleased to announce the appointment of Georgina Lynch as an independent non-executive director with effect from 1 July 2019. Georgina has over 25 years’ experience in the financial services and property industry. She is currently the non-executive chairperson of Cbus Property, an independent non-executive director and member of the audit and risk committee of Viva Energy REIT and an independent non-executive director, member of the audit and risk committee and member of the remuneration committee of Tassal Group Limited. Georgina has significant global experience in corporate transactions, capital raisings, initial public offerings, funds management, corporate strategy and acquisitions and divestments. She gained early experience as a solicitor at Freehills and Mallesons Stephen Jacques and held senior roles at AMP Capital Investors, Galileo Funds Management and Stockland. Georgina holds a Bachelor of Arts and Bachelor of Laws. Johannesburg 1 July 2019 Investment Bank and Sponsor Investec Bank Limited Date: 01/07/2019 07:05:00 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.