OASIS CRESCENT PROPERTY FUND - Distribution Results Announcement

Distribution Results Announcement

OASIS CRESCENT PROPERTY FUND
A property fund created under the Oasis Crescent Property
Trust Scheme registered in terms of the Collective
Investment Schemes Control Act (Act 45 of 2002) having
REIT status with the JSE
JSE share code: OAS
ISIN: ZAE000074332
(“the Fund”)

DISTRIBUTION RESULTS ANNOUNCEMENT

1. Unitholders are referred to the announcements released by the Fund on SENS on
   26 October 2021 and 5 November 2021, regarding the Fund’s distribution in respect of the
   six months ended 30 September 2021, as well as the circular to unitholders dated
   5 November 2021 (“Circular”), in this regard.

2. As indicated in the above announcements and the Circular, unitholders could elect to
   receive in cash the distribution of 4,143.90095 cents (in aggregate), after non-permissible
   income, for every 100 units held (“Cash Distribution”), failing which the distribution would
   be reinvested at the rate of 1.76292 units at 2,351 cents per unit (in aggregate) for every
   100 units so held (“Unit Reinvestment”). Non-resident unitholders are referred to those
   sections of the abovementioned announcements and the Circular dealing with the
   reinvestment ratio and cash distribution ratio for non-resident unitholders. The deadline for
   the above election was 12:00 p.m. on Friday, 3 December 2021.

3. Unitholders holding 24 221 839 units or 36.4% of units qualifying to receive the distribution,
   elected to receive the Cash Distribution, resulting in a Cash Distribution of
   R10 037 290.16, gross of tax.

4. The remaining unitholders, holding 42 289 239 units or 63.6% of units qualifying to receive
   the distribution, reinvested their distribution, amounting to R17 524 241.76, gross of tax
   (R17 150 434.33 net of tax), resulting in the issuing of 729 421 new units.

5. Unitholders are advised that on Monday, 6 December 2021 distribution payments were
   made into the bank accounts of those certificated unitholders, and distribution payments
   were credited to the Central Securities Depositary Participant (“CSDP”) accounts or to the
   broker custody accounts of those dematerialised unitholders, who elected to receive the
   Cash Distribution.

6. Unitholders are advised that on Wednesday, 8 December 2021 new unit certificates will be
   posted to those certificated unitholders, and new units will be credited to the CSDP accounts
   or broker custody accounts of those dematerialised unitholders, who qualified for the Unit
   Reinvestment.

7. The number of listed units will be adjusted on or about Friday, 10 December 2021, based
   on the results of the distribution.

8. Unitholders are referred to the Fund’s abovementioned announcements for details on the
   tax implications of the distribution.

Cape Town
6 December 2021

Corporate Advisor and Designated Advisor
PSG Capital

Date: 06-12-2021 05:00:00
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