EMI 201412020034A
Disclosure of significant holding in Emira Participatory Interests (PIs)

EMIRA PROPERTY FUND
(A property fund created under the Emira Property Scheme, registered in terms of
the Collective
Investment Schemes Control Act No 45 of 2002)
Share Code: EMI
ISIN: ZAE 000050712
("Emira" or "the Fund")

DISCLOSURE OF SIGNIFICANT HOLDING OF EMIRA PARTICIPATORY INTERESTS (PIs)

In accordance with the JSE Limited Listings Requirements, PI holders are advised of
the following:

The Public Investment Corporation has notified the Fund that accounts under its
management
have increased their holdings in the Fund to 10.29%.

Bryanston
2 December 2014

Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)

Date: 02/12/2014 12:54:00 Produced by the JSE SENS Department. The SENS service is
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