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
   25 October 2022 and 4 November 2022, regarding the Fund’s distribution in respect of the
   six months ended 30 September 2022, as well as the circular to unitholders dated
   4 November 2022 (“Circular”), in this regard.

2. As indicated in the above announcements and the Circular, unitholders could elect to
   receive in cash the distribution of 4,711.94748 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 2.05532 units at 2,293 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, 2 December 2022.

3. Unitholders holding 21 350 905 units or 32.3% of units qualifying to receive the distribution,
   elected to receive the Cash Distribution, resulting in a Cash Distribution of R10 060 434.30,
   gross of tax.

4. The remaining unitholders, holding 44 734 293 units or 67.7% of units qualifying to receive
   the distribution, reinvested their distribution, amounting to R21 078 563.89, gross of tax
   (R20 664 059.08 net of tax), resulting in the issuing of 901 099 new units.

5. Unitholders are advised that on Monday, 5 December 2022 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, 7 December 2022 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. Unitholders are advised that 8 624 units will be issued to directors of Oasis Crescent
   Property Fund Managers Limited and their associates, with no units being issued to
   prescribed officers or the company secretary of Oasis Crescent Property Fund Managers
   Limited, on the following basis:

    DIRECTOR / ASSOCIATE OF DIRECTOR                                    NO. OF UNITS
    ADAM EBRAHIM FAMILY TRUST                                           1 281
    BINT NUR EBRAHIM TRUST                                              426
    ZAHRA EBRAHIM TRUST                                             426
    ABLI FAMILY TRUST                                               426
    ROSHIN ARA EBRAHIM FAMILY TRUST                                 426
    OASIS CRESCENT PROPERTY FUND MANAGERS LIMITED                   3 708
    OASIS CRESCENT INSURANCE LTD                                    1 513
    MS EBRAHIM                                                      418

8. The number of listed units will be adjusted on or about Friday, 9 December 2022, based on
   the results of the distribution.

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

Cape Town
5 December 2022

Corporate Advisor and Designated Advisor
PSG Capital