OASIS CRESCENT PROPERTY FUND - General repurchase of units

General repurchase of units

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 code: OAS
ISIN: ZAE000074332
("the Fund")

GENERAL REPURCHASE OF UNITS

At the annual general meeting of the Fund held on Thursday, 20 July 2023 ("AGM"),
unitholders, by special resolution, granted a general authority to the board of directors of the
Fund ("Board") to repurchase up to 20% of the issued unit capital of the Fund, on the terms
and subject to the conditions specified in the notice of AGM.

Unitholders are hereby advised that, during the period commencing on 29 April 2024 to
12 July 2024, the Fund has repurchased an aggregate of 2 017 022 units, representing 3.03%
of the issued unit capital of the Fund as at the date on which the authority to repurchase the
units was granted. The aforementioned units were repurchased for an aggregate value of
R40 112 705, funded out of the Fund's available cash resources, as follows:

 Date of            Aggregate          Highest price      Lowest price       Aggregate
 repurchases        number of units    per unit           per unit           value
                    repurchased        repurchased        repurchased
 29 April 2024 to   2 017 022          R20.25             R19.50             R40 112 705
 12 July 2024

The repurchases were made in terms of the general authority granted by unitholders at the
AGM and were effected through the order book operated by the JSE Limited trading system
without any prior understanding or arrangement between the Fund and the counterparties.
The requirements for the general repurchase of units in terms of paragraph 5.72(a) of the JSE
Limited Listings Requirements, have been complied with.

The units repurchased have been and will be de-listed and cancelled by the date of this
announcement or as soon as possible thereafter as the JSE Limited may permit.

The Fund may repurchase up to a further 11 308 381 units (16.97% of the units in issue as at
the date on which the authority was granted), in terms of the current general authority, which
is valid until the Fund's next annual general meeting.

As at the date of this announcement, the Fund held 570 010 units in treasury. The impact of
the repurchases of the units on the financial position of the Fund is immaterial, as the
repurchases were funded out of the Fund's available cash resources.

OPINION OF THE BOARD

The Board has considered the effect of the repurchases and is of the opinion that, for a period
of 12 months following the date of this announcement:

-    the Fund and and/or entities controlled by it ("the Group") will be able, in the ordinary
     course of business, to repay their debts;
-    the consolidated assets of the Fund and the Group will be in excess of the consolidated
     liabilities of the Fund and the Group;
-    the Fund's and the Group's unit capital and reserves will be adequate for the ordinary
     business purposes of the Fund and the Group; and
-    the Fund and the Group will have sufficient working capital for ordinary business
     purposes.

Cape Town
15 July 2024

Designated Advisor
PSG Capital

Date: 15-07-2024 05:00:00
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