Investec Property Fund : Notice of AGM of Investec Property Fund Limited, issue of the 2022 Integrated Annual Report and No Change Statement

INVESTEC PROPERTY FUND LIMITED (Incorporated in the Republic of South Africa) (Reg. No: 2008/011366/06)

Approved as a REIT by the JSE Share Code: IPF

Bond Code: INV

ISIN: ZAE000180915

("Investec Property Fund" or "the Fund")

Notice of Annual General Meeting of Investec Property Fund Limited, issue of the 2022 Integrated Annual Report and No Change Statement

Notice of Annual General Meeting:

The Annual General Meeting (AGM) of Investec Property Fund Limited will be held entirely via remote interactive electronic participation at 09:00 on Monday, 01 August 2022.

1. The record date on which shareholders must be registered in the Fund's share register in order to attend, participate and vote at the annual general meeting is Friday, 22 July 2022.
2. The last day to trade in order to be entitled to vote at the annual general meeting will therefore be Tuesday, 19 July 2022.
3. Shareholders (or their representative or proxy) entitled to attend and vote at the AGM, that wish to participate in and/or vote at the AGM by way of electronic participation, must either:
4. • Register online using the online registration portal atwww.meetnow.global/zaprior to the commencement of the AGM, or
   • Make a written application (refer form attached to the notice of the AGM included in the Integrated Annual Report) to so participate, by delivering the application form to Computershare Investor Services Proprietary Limited (Transfer Secretaries), at First Floor, Rosebank Towers, 15 Biermann Avenue, Rosebank, 2196, or posting it to Private Bag X9000, Saxonwold, 2132 (at the risk of the shareholder), or sending it by email to [e-mail], so as to be received by the Transfer Secretaries by no later than 09:00 on Thursday, 28 July 2022, in order for the Transfer Secretaries to arrange such participation for the shareholder and provide the shareholder with the details as to how to access the AGM by means of electronic participation. Shareholders may still register/apply to participate in and/or vote electronically at the AGM after this date, provided however that those shareholders are verified (as required in terms of Section 63(1) of the Companies Act No 71 of 2008, as amended (the Act)) and are registered at the commencement of the AGM.

2022 Integrated Annual Report:

Investec Property Fund's Integrated Annual Report for the financial year ended 31 March 2022, including the Notice of the Annual General Meeting, has been posted to shareholders today, 30 June 2022 and is available on the Fund's website at https://invest.ec/3udcIQV.

The unqualified Audit Report by Ernst and Young Inc. is available for inspection at the registered offices of Investec Property Fund until the Annual General Meeting has commenced.

No change statement:

Shareholders are advised that there are no modifications to Investec Property Fund's financial results for the year ended 31 March 2022, as published on 18 May 2022.

Investec Property Fund Limited

Johannesburg

30 June 2022

Sponsor: Investec Bank Limited