Results of Annual General Meeting TRANSCEND RESIDENTIAL PROPERTY FUND LIMITED (Incorporated in the Republic of South Africa) Registration number 2016/277183/06 JSE Code: TPF ISIN: ZAE000227765 (Approved as a REIT by the JSE) (“Transcend” or “the Company”) RESULTS OF ANNUAL GENERAL MEETING Transcend shareholders are advised that at the Annual General Meeting of the Company (“AGM”) held on Friday, 29 May 2020, in terms of the notice of AGM distributed on Thursday, 30 April 2020, all the ordinary and special resolutions, including the non-binding advisory votes proposed thereat, were approved by the requisite majority of votes as set out below. As at Friday, 22 May 2020, being the AGM record date (“Voting Record Date”), the total number of Transcend shares in issue was 130 894 793. The total number of Transcend shares that were present/represented at the AGM was 93 612 745 being 71.52% of the total number of Transcend shares. The voting results are as follows: Ordinary resolution number 1.1: Re-election of RN Wesselo as a non-executive director Total Shares Voted Shares abstained For (%) Against (%) Number (%)(1) (%)(1) 100% 0.00% 93 612 745 71.52% 0.00% Ordinary resolution number 1.2: Re-election of ML Falcone as a non-executive director Total Shares Voted Shares abstained For (%) Against (%) Number (%)(1) (%)(1) 100% 0.00% 93 612 745 71.52% 0.00% Ordinary resolution number 1.3: Re-election of FN Khanyile as an independent non-executive director Total Shares Voted Shares abstained For (%) Against (%) Number (%)(1) (%)(1) 100% 0.00% 93 612 745 71.52% 0.00% Ordinary resolution number 2.1: Election of MS Aitken as a member and the chairman of the Audit and Risk Committee Total Shares Voted Shares abstained For (%) Against (%) Number (%)(1) (%)(1) 100% 0.00% 93 612 745 71.52% 0.00% Ordinary resolution number 2.2: Election of AM Dickens as a member of the Audit and Risk Committee Total Shares Voted Shares abstained For (%) Against (%) Number (%)(1) (%)(1) 100% 0.00% 93 612 745 71.52% 0.00% Ordinary resolution number 2.3: Election of FN Khanyile as a member of the Audit and Risk Committee Total Shares Voted Shares abstained For (%) Against (%) Number (%)(1) (%)(1) 100% 0.00% 93 612 745 71 .52% 0.00% Ordinary resolution number 3: Appointment of independent external auditors Total Shares Voted Shares abstained For (%) Against (%) Number (%)(1) (%)(1) 100% 0.00% 93 612 745 71.52% 0.00% Ordinary resolution number 4: General authority to issue shares for cash Total Shares Voted Shares abstained For (%) Against (%) Number (%)(1) (%)(1) 100%(2) 0.00% (2) 93 612 745 71.52% 0.00% Ordinary resolution number 5: Authority to implement resolutions Total Shares Voted Shares abstained For (%) Against (%) Number (%)(1) (%)(1) 100% 0.00% 93 612 745 71.52% 0.00% Non-binding resolution number 1: Endorsement of remuneration policy Total Shares Voted Shares abstained For (%) Against (%) Number (%)(1) (%)(1) 96.41% 3.59% 93 612 745 71.52% 0.00% Non-binding resolution number 2: Endorsement of remuneration implementation report Total Shares Voted Shares abstained For (%) Against (%) Number (%)(1) (%)(1) 100% 0.00% 93 612 745 71.52% 0.00% Special resolution number 1: Approval of the independent non-executive directors’ remuneration Total Shares Voted Shares abstained For (%) Against (%) Number (%)(1) (%)(1) 100% 0.00% 93 612 745 71.52% 0.00% Special resolution number 2.1: Amendment of the Memorandum of Incorporation - The deletion of clause 25.12.2 in its entirety and replaced with a new clause 25.12.2 Total Shares Voted Shares abstained For (%) Against (%) Number (%)(1) (%)(1) 100% 0.00% 93 612 745 71.52% 0.00% Special resolution 2.2: Amendment of the Memorandum of Incorporation - The deletion of clause 25.12.3 in its entirety Total Shares Voted Shares abstained For (%) Against (%) Number (%)(1) (%)(1) 100% 0.00% 93 612 745 71.52% 0.00% Special resolution 2.3: Amendment of the Memorandum of Incorporation - The renumbering of clause 25 Total Shares Voted Shares abstained For (%) Against (%) Number (%)(1) (%)(1) 100% 0.00% 93 612 745 71.52% 0.00% Special resolution number 3: Authority to provide financial assistance to related or inter-related entities Total Shares Voted Shares abstained For (%) Against (%) Number (%)(1) (%)(1) 100% 0.00% 93 612 745 71 .52% 0.00% Special resolution number 4: Approval to issue shares in terms of Section 41(1) of the Companies Act Total Shares Voted Shares abstained For (%) Against (%) Number (%)(1) (%)(1) 100% 0.00% 93 612 745 71.52% 0.00% (1) Expressed as a percentage of 130 894 793 Transcend shares as at the Voting Record Date. (2) 14 votable shares voted against this resolution and therefore shareholders are advised that the respective percentages have been rounded. Bryanston 1 June 2020 Sponsor Questco Corporate Advisory Proprietary Limited Date: 01-06-2020 03:43:00 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.