REBOSIS PROPERTY FUND LIMITED - Results of General Meeting

Results of 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
Alpha code: REBI
(Approved as a REIT by the JSE)
(“Rebosis” or the “Company”)


RESULTS OF GENERAL MEETING


On Friday, 28 February 2020, Rebosis issued a circular to its shareholders ("Circular") relating to the proposed
disposal of student accommodation situated on Erf 2460, Mafikeng, together with the rental enterprise conducted
thereon (“Property”) to Adowa Infrastructure Managers (RF) Proprietary Limited and the Government Employees
Pension Fund (“GEPF”) (“Proposed Transaction”).

Shareholders are advised that at the general meeting of Rebosis shareholders held on Monday, 30 March 2020 (in
terms of the Circular and attached notice of general meeting) (“General Meeting”), the resolutions put to
shareholders were passed by the requisite majority, and the voting results were as follows.

     Resolution          Number of ordinary     Percentage of       Percentage of           For (3)          Against (3)        Abstained (4)
                         shares (“Ords”) and   Ords and A Ords     Ords and A Ords            %                   %                   %
                          A ordinary shares      in issue (1)        present and
                          (“A Ords”) voted                         eligible to vote
                                                                          (2)
 Ordinary resolution       355 635 851 Ords          Ords: 51%        Ords: 79.07%        Ords: 64.75%        Ords: 35.25%         Ords: 0.19%
 1: Approval of the       56 505 235 A Ords        A Ords: 89%      A Ords: 96.49%      A Ords: 99.94%       A Ords: 0.06%          A Ords: 0%
 Proposed
 Transaction
 Ordinary resolution       501 978 406 Ords          Ords: 72%          Ords: 100%        Ords: 75.03%        Ords: 24.97%         Ords: 0.19%
 2: Authority to give     57 623 998 A Ords        A Ords: 91%        A Ords: 100%      A Ords: 99.94%       A Ords: 0.06%          A Ords: 0%
 effect to resolutions


    1.      Based on 699 253 200 Ords and 63 266 012 A Ords in issue at the date of the General Meeting.
    2.      The GEPF and its associates were taken into account in determining a quorum at the General Meeting, however their
            votes were not taken into account in determining the results of the voting in relation to Ordinary resolution as 1, the GEPF is a
            related party to Rebosis in terms of paragraph 10.1(b)(i) of the JSE Listings Requirements.
    3.      In relation to the total number of Ords and A Ords voted at the General Meeting.
    4.      In relation to the total number of Ords and A Ords in issue at the date of the General Meeting.

Shareholders are further advised that the Company has obtained unconditional approval from the relevant
competition authorities in respect of the sale of the Property. Accordingly, all conditions precedent in respect of the
Proposed Transaction have now been fulfilled, and transfer of the Property will be lodged once the deeds office
reopens.


Johannesburg
30 March 2020

Equity and Debt Sponsor
Nedbank Corporate and Investment Banking, a division of Nedbank Limited

Date: 30-03-2020 04:09:00
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