INVESTEC PROPERTY FUND LIMITED
Incorporated in the Republic of South Africa
Registration number 2008/011366/06
Share code: IPF ISIN: ZAE000180915
Bond Code: INV
(“IPF” or “the Fund”)


RESULTS OF GENERAL MEETING


1. Introduction

    Reference is made to the circular distributed to IPF shareholders (“Shareholders”) on Monday, 31 July 2023 (“the
    Circular”) regarding the following change of name:

                            Current Name                            Name Change
    Full name:              Investec Property Fund Limited          Burstone Group Limited
    Short name:             Investec Property Fund                  Burstone
    Share code:             IPF                                     BTN
    ISIN:                   ZAE000180915                            ZAE000180915

    The general meeting of Shareholders (“General Meeting”) was held today, 31 August 2023, in accordance with the
    Notice of General Meeting which was distributed to Shareholders as part of the Circular.

2. Results of General Meeting

    All the resolutions tabled were passed by the requisite majority of votes cast by Shareholders.

                                                                     % of issued share                     Number
                                                                                capital

    Total issued share capital                                                                         804 918 444
    Total number of shares present/represented including
    proxies at the meeting                                                           77%               619 569 816

                                                                             Votes             Votes   Abstentions *
                                                                         in favour         Against *
    Special Resolution Number 1                                       618 961 406             35 834         572 576
    – Change of Name                                                    99.9018%            0.0057%         0.0711%
    Special Resolution Number 2                                       618 960 356             25 834         583 626
    – Amendment of the Memorandum of Incorporation                      99.9016%            0.0041%         0.0725%
    * in relation to the total issued share capital

3. Salient dates

    Shareholders are referred to the approval of Special Resolution Number 1 above regarding the proposed Change
    of Name. Shareholders will be notified once the Change of Name resolution has been registered with CIPC.

                                                                                                              2023
   Change of Name special resolution lodged with CIPC for registration on or
   about                                                                                        Friday, 1 September
   Change of Name finalisation announcement on (by 11:00am)                                  Tuesday, 12 September
   Last day to trade prior to Change of Name on                                              Tuesday, 19 September
   Termination date for trading under the name “Investec Property Fund
   Limited” and commencement of trading under “Burstone Group Limited”;
   short name “Burstone” and share code “BTN” from commencement of
   trade on                                                                             Wednesday, 20 September
   Record date for Change of Name on                                                         Friday, 22 September
   Accounts of dematerialised shareholders with their CSDP’s or brokers updated
   with the new name and certificated shareholder’s entitlements credited to their
   account with Computershare Nominees (Pty) Ltd                                             Tuesday, 26 September
   Notes:
   1.  The above dates and times are subject to amendment at the discretion of IPF. Any such amendment will be
       released on SENS, to the extent required.
   2.  Shareholders are reminded that shares in companies listed on the JSE can no longer be bought or
       sold on the JSE unless they have been Dematerialised onto the Strate system. It is therefore suggested
       that Certificated Shareholders should consider Dematerialising their Shares and replacing them with
       electronic records of ownership. In this regard, Shareholders may contact either their own Broker or a
       preferred CSDP, details of which are available from Strate at queries@strate.co.za or telephone
       +27 11 759 5300.
   3.  IPF will retain its history and will remain listed in the Real Estate Investment Trust sector of the Main Board of
       the JSE.


Sandton
31 August 2023

JSE Equity and Debt Sponsor: Investec Bank Limited