Results of the Annual General Meeting EMIRA PROPERTY FUND LIMITED Incorporated in the Republic of South Africa (Registration number 2014/130842/06) JSE share code: EMI ISIN: ZAE000203063 JSE Interest Rate Issuer Code: EMII (Approved as a REIT by the JSE) (“Emira” or “the Company”) RESULTS OF THE ANNUAL GENERAL MEETING Emira is pleased to advise shareholders that all the ordinary and special resolutions set out in the notice of Annual General Meeting (“AGM”), were passed by the requisite majority of ordinary shareholders at the AGM held yesterday, 14 November 2019. Emira has 522 667 247 ordinary shares in issue of which 438 348 256 shares were voted at the AGM, representing 83.87% of the total shares in issue. Resolutions Shares voted Votes Votes Abstained For Against Number % (1) % (2) % (2) % (1) Ordinary resolution number 1: 436 945 356 83.60 97.01 2.99 0.27 Re-appointment of Ernst & Young Incorporated as the independent external auditors of the Company, with Mr Ernest van Rooyen as the designated auditor and authorisation of auditor’s remuneration Ordinary resolution number 2: Re-election of directors: 2.1 Appointment of Ms Jasandra Nyker 436 864 749 83.58 100.00 0.00 0.27 as an independent non-executive director 2.2 Re-election of Mr W McCurrie as an 436 864 749 83.58 93.38 6.62 0.27 independent non-executive director 2.3 Re-election of Mr D Thomas as a 436 864 749 83.58 99.99 0.01 0.27 non-executive director 2.4 Re-election of Ms N Makiwane as an 436 864 749 83.58 97.14 2.86 0.27 independent non-executive director Ordinary resolution number 3: Appointments to the Audit Committee: 3.1 Appointment of Mr B Kent as 436 864 749 83.58 75.11 24.89 0.27 Chairman and a member of the Audit Committee 3.2 Appointment of Mr V Nkonyeni as a 436 864 749 83.58 100.00 0.00 0.27 member of the Audit Committee 3.3 Appointment of Mr V Mahlangu as a 435 448 519 83.31 91.43 8.57 0.54 member of the Audit Committee Ordinary resolution number 4: Non-binding advisory votes: 4.1 Endorsement of the remuneration 409 645 181 78.38 89.12 10.88 5.48 policy 4.2 Endorsement of the remuneration 403 290 588 77.16 78.45 21.55 6.69 implementation report Ordinary resolution number 6: 436 864 749 83.58 100.00 0.00 0.27 Directors’ authorising resolution Special resolution number 1: Approval of the remuneration of the non-executive directors: 1.1 Board Chairperson 436 864 749 83.58 100.00 0.00 0.27 1.2 Non-executive Directors 436 864 749 83.58 100.00 0.00 0.27 1.3 Chairperson of the Audit and Risk 436 864 749 83.58 100.00 0.00 0.27 Committees 1.4 Member of Audit and Risk 436 864 749 83.58 100.00 0.00 0.27 Committees 1.5 Chairperson of the Remuneration 436 864 749 83.58 100.00 0.00 0.27 Committee 1.6 Remuneration Committee Member 436 864 749 83.58 100.00 0.00 0.27 1.7 Chairperson Finance Committee 436 864 749 83.58 100.00 0.00 0.27 1.8 Finance Committee Member 436 864 749 83.58 100.00 0.00 0.27 1.9 Chairperson of the Investment 436 864 749 83.58 100.00 0.00 0.27 Committee 1.10 Investment Committee Member 436 864 749 83.58 100.00 0.00 0.27 1.11 Chairperson of the Social and Ethics 436 864 749 83.58 100.00 0.00 0.27 Committee 1.12 Social and Ethics Committee 436 864 749 83.58 100.00 0.00 0.27 Member 1.13 Ad hoc meetings (per hour) 436 864 749 83.58 100.00 0.00 0.27 Special resolution number 3: Authority to provide financial assistance for the subscription or purchase of securities issued or to be issued by the Company 3.1 Authority to provide financial 436 673 749 83.55 79.29 20.71 0.30 assistance in connection with the issue of shares to executive directors or staff in terms of the remuneration policy 3.2. Authority to provide financial 436 864 749 83.58 96.30 3.70 0.27 assistance in connection with the Domestic Medium Term Note programme Special resolution number 4: Authority to provide loans and other financial assistance in terms of section 45 of the Companies Act: 4.1 Financial assistance to subsidiaries, 436 864 749 83.58 99.99 0.01 0.27 associate and joint venture entities Special resolution number 5: 435 448 519 83.31 78.76 21.24 0.54 Approval to issue shares to directors in terms of any of the Company’s approved share incentive plans Notes: 1. As a percentage of total ordinary shares in issue. 2. As a percentage of shares voted. Shareholders are referred to the notice of AGM distributed to shareholders on 25 September 2019 and in particular to the following resolutions: - Ordinary resolution number 5, relating to the general authority of the Company and/or any of its subsidiaries to issue shares for cash; - Special resolution number 2, relating to the general authority of the Company and/or any of its subsidiaries to repurchase the Company’s shares; and - Special resolution 4.2, relating to the authority of the Company to provide financial assistance to executive directors, including their investment vehicles, in terms of section 45 of the Companies Act. The board of directors of Emira has decided to withdraw these resolutions initially proposed for adoption at the AGM. The Company will be engaging with shareholders in respect of the resolutions so withdrawn. Bryanston 15 November 2019 Sponsor Questco Corporate Advisory (Pty) Ltd Date: 15/11/2019 08:40:00 Produced by the JSE SENS Department. 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