OASIS CRESCENT PROPERTY FUND - Distribution of annual report, no change statement, notice of AGM, distribution declaration, BEE compliance report

Distribution of annual report, no change statement, notice of AGM, distribution declaration, BEE compliance report

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
Share code: OAS
ISIN: ZAE000074332
(“the Fund”)

DISTRIBUTION OF ANNUAL REPORT, NO CHANGE STATEMENT, NOTICE OF ANNUAL
GENERAL MEETING, DISTRIBUTION DECLARATION AND BROAD-BASED BLACK
ECONOMIC EMPOWERMENT ACT: ANNUAL COMPLIANCE REPORT

DISTRIBUTION OF ANNUAL REPORT AND NO CHANGE STATEMENT

Unitholders of the Fund (“Unitholders”) are hereby advised that the Fund’s annual report
(“Annual Report”), incorporating the full audited consolidated annual financial statements of
the Fund for the year ended 31 March 2022 and the notice of the annual general meeting of
the Fund (“Notice of AGM”) was distributed to Unitholders today, 29 June 2022, and contains
no modifications to the audited results which were announced on SENS on 29 April 2022, it
being noted that non-IFRS property-related disclosures have been expanded on pages 93 to
100 of the Annual Report.

The annual report will also be available on the Fund’s website, at
http://www.oasis.co.za/default/content.aspx?initial=true&moveto=704.

NOTICE OF ANNUAL GENERAL MEETING

Notice is hereby given that the annual general meeting (“AGM”) will be conducted entirely by
electronic communication at 10:00am on Thursday, 21 July 2022, to transact the business
as set out in the abovementioned Notice of AGM. Unitholders are referred to the guidance
and instructions regarding such electronic communication and participation, as set out in the
Notice of AGM.

Kindly note the following salient details:

 Issuer name                                                  Oasis Crescent Property Fund

 Type of instrument                                                                  Units

 ISIN number                                                                  ZAE000074332

 JSE code                                                                              OAS

 Meeting type                                                       Annual General Meeting

 Meeting venue                                                                  Electronic

 Record date – to determine which Unitholders                         Friday, 24 June 2022
 are entitled to receive the notice of meeting
 Publication/posting date                                          Wednesday, 29 June 2022

 Last day to trade – Last day to trade to                            Tuesday, 12 July 2022
 determine eligible Unitholders that may attend,
 speak and vote at the meeting

 Record date – to determine eligible Unitholders                      Friday, 15 July 2022
 that may attend, speak and vote at the meeting

 Meeting deadline date (For administrative                                Tuesday, 19 July
 purposes, forms of proxy for the meeting to be
 lodged)

 Meeting date                                            10:00am on Thursday, 21 July 2022

 Publication of results                                             Thursday, 21 July 2022

 Website link                                     http://www.oasis.co.za/default/content.a
                                                               spx?initial=true&moveto=704

FURTHER DIVIDEND DECLARATION

It has come to the Fund’s attention that while the distributable income and aggregate
distribution to unitholders for the year ended 31 March 2022 was correctly disclosed in the
summarised annual financial results announced on 29 April 2022 and in the audited annual
financial statements published on the same date, the amount declared in respect of the final
6-month period was understated, due to an administrative error. In order to correct this, it has
been resolved to declare a further cash dividend of 2.36292 cents per unit from income. This
is a cash-only dividend with no reinvestment alternative.

The above dividend is considered a special dividend and the declaration is therefore subject
to the condition that the required exchange control approval be obtained from the South
African Reserve Bank.

In respect of the distribution, unitholders who will receive the distribution are hereby informed
that, for taxation purposes, OCPF is a REIT as defined in the Income Tax Act as from 1 April
2013 and, accordingly, the tax implications of the distribution have changed as from that date.
The distribution will not be exempt from income tax in terms of section 10(1)(k) of the Income
Tax Act.

For South African tax residents, the distribution will be exempt from dividends tax in terms of
section 64F(1) of the Income Tax Act, provided that you, as unitholder, provide the transfer
secretary or your nominee, custodian or Central Securities Depository Participant (“CSDP”)
with confirmation of your tax residence status in the prescribed form. If you do not provide
the required residence status, they will have no choice but to withhold dividends tax at a rate
of 20%.

Including DWT at 20% results in a net dividend of 1.89034 cents per unit.

For non-resident unitholders, for South African tax purposes, the distribution received by a
non-resident unitholder from a REIT will be subject to dividend withholding tax at 20%, unless
the rate is reduced in terms of any applicable agreement for the avoidance of double taxation
(“DTA”) between South Africa and the country of tax residence of the unitholder.
Non-resident unitholders that believe that a reduced rate of tax applies in respect of their
applicable DTA should contact the transfer secretaries or their nominee, custodian or CSDP
for the prescribed form to record the reduced rate of tax.

Units in issue at the date of declaration of the distribution: 66 085 198

Income tax reference number: 3354212148

The salient dates of the distribution declaration are:

                                                                              2022
Assuming exchange control approval is obtained:
Finalisation announcement expected to be released by 11:00                   Monday, 18 July
a.m. on
Last day to trade in order to be eligible for the distribution              Tuesday, 26 July

Trading commences ex-entitlement to the distribution                      Wednesday, 27 July

Record date for the distribution                                             Friday, 29 July

Electronic payment and CSDP/broker accounts updated with                    Monday, 1 August
cash

Notes:

   (i)    If the finalisation date has not occurred by Monday, 18 July 2022, an updated
          timetable will be published on SENS.
   (ii)   Share certificates may not be dematerialised or rematerialised between Wednesday,
          27 July 2022 and Friday, 29 July 2022, both days inclusive

BROAD-BASED BLACK ECONOMIC EMPOWERMENT ACT (“THE ACT”): ANNUAL
COMPLIANCE REPORT

In accordance with paragraph 16.21(g) and Appendix 1 to Section 11 of the JSE Limited
Listings Requirements, notice is hereby given that the Fund’s annual compliance report in
terms of section 13G(2) of the Act has been published and is, together with the Fund’s latest
broad-based black economic empowerment certificate, available on the Fund’s website at
http://www.oasis.co.za/default/content.aspx?initial=true&moveto=704.

Cape Town
29 June 2022

Designated Advisor
PSG Capital

Date: 29-06-2022 05:30:00
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