Investor Presentaiton

Glossary of terms Investec Australia Property Fund Term Meaning Independent Expert Deloitte Corporate Finance Pty Limited (ACN 003 833 127). Independent Expert's Report Investec Australia Investec Group or Investec Investec Limited Investec plc JSE Key Management The report prepared by the Independent Expert expressing an opinion as to whether the Proposal is fair and reasonable to, and in the best interests of, Unitholders not associated with the Investec Group. Investec Australia Limited (ACN 140 381 184), which is ultimately wholly owned by Investec plc. Investec Limited and Investec plc, being the head entities of the dual listed companies structure comprising the Investec group, and each of their controlled entities as at the date of this presentation, other than, following implementation of the Proposal, the Group Companies. Investec Limited (Registration number 1925/002833/06), a public company duly incorporated in accordance with the laws of South Africa and listed on the JSE, with secondary listings on the Botswana Stock Exchange and the Namibian Stock Exchange. Investec plc (Registration number 3633621), a company registered in England and Wales and listed on the London Stock Exchange, with a secondary listing on the JSE. JSE Limited (Registration number 2005/022939/06), a public company duly incorporated in accordance with the laws of South Africa and, where applicable, the exchange operated by JSE Limited in accordance with its licence under the FMA. Graeme Katz, Zach McHerron and Kristie Lenton. Term Managed Investment Scheme Management Agreement Manager Meeting Meeting Date NAV Notice of Meeting NTA Portfolio Product Disclosure Statement or Meaning A managed investment scheme that has been registered by ASIC as a managed investment scheme under Chapter 5C of the Corporations Act. The management agreement between the Responsible Entity and the Manager dated 1 August 2013, as amended from time to time, the key details of which are set out in Section 11.9 of the Explanatory Memorandum. Investec Property Management Pty Limited (ACN 161 587 391), which has been contracted under the Management Agreement to provide certain investment management services, property management services and leasing services to IAPF I, and as at the date of this presentation is ultimately wholly owned by Investec plc. The meeting of Unitholders to consider the Proposal to be held at 5.00pm (Sydney time) / 8.00am (Johannesburg time) on Tuesday, 17 November 2020 (held virtually), and any adjournment of that meeting. Expected to be Tuesday, 17 November 2020. Net asset value. The notice of Meeting to be sent to Unitholders by the Responsible Entity, as set out in Annexure E of the Explanatory Memorandum. Net tangible assets. The portfolio of Properties owned by IAPF I and its subsidiaries as at the date of this presentation as set out in Section 4.3 of the Explanatory Memorandum. A product disclosure statement for the purposes of Part 7.9 of the Corporations Act. PDS King IV Code King IV Report on Corporate Governance for South Africa 2016. Investec Australia Property Fund | Internalisation and funds management proposal Properties All properties owned by IAPF from time to time. 12

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