The Board of Directors of Texton Property Fund Limited hereby notifies its shareholders that Mr. Marius Muller, currently an Independent Non-Executive Director of the Board, has been appointed as Texton's Interim Chief Executive Officer with immediate effect in order to effect a handover from Ms. Balfour, the incumbent Chief Executive Officer. Marius' career in the property industry has spanned 25 years and he is the Founder and Chief Executive Officer of Venator Capital. Prior to establishing Venator Capital he held the position of Chief Executive Officer of Pareto Limited, for six years. Marius has served as a director on various boards of JSE-listed property companies including Resilient REIT Limited and Pangbourne Properties Limited. In addition, Marius held two terms as the President and Chairman of the South African Council of Shopping Centres.