VUKILE PROPERTY FUND LIMITED - Dealings in securities by a director and an associate of a director of the company

Dealings in securities by a director and an associate of a director of the company

VUKILE PROPERTY FUND LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 2002/027194/06)
JSE share code: VKE NSX share code: VKN
ISIN: ZAE000180865
(Granted REIT status with the JSE)
(“Vukile” or “the company”)


DEALINGS IN SECURITIES BY A DIRECTOR AND AN ASSOCIATE OF A DIRECTOR OF THE
COMPANY


Shareholders are advised of the following information relating to dealings in securities by a director and an
associate of a director of Vukile. The dealings in securities are a result of Mr Rapp, the CEO of Vukile,
diversifying and simplifying his family’s investment holdings. Mr Rapp and his spouse, Emma Rapp, intend to
utilise the proceeds from the zero-cost collar hedge to invest directly into Castellana Properties SOCIMI S.A,
Vukile’s Spanish subsidiary, which is due to be listed on the Madrid Stock Exchange by July 2018. Following
the dealings in securities, Mr Rapp’s direct and indirect holdings in Vukile total 2 585 371 shares, representing
0.33% of Vukile’s issued capital.

 Name of associate:                                      Laurence Rapp Family Trust
 Name of director and relationship to director:          Laurence Rapp is a director of Vukile, and a trustee
                                                         and beneficiary of the Laurence Rapp Family Trust
 Transaction date:                                       23 February 2018
 Class of securities:                                    Ordinary shares
 Number of securities:                                   185 000
 Price per security:                                     R20.93
 Total value of transaction:                             R3 872 050
 Nature of transaction:                                  Off-market disposal
 Nature and extent of director’s interest:               Indirect Beneficial

 Name of associate:                                      Emma Rapp
 Name of director and relationship to director:          Emma Rapp is the spouse of Laurence Rapp, a
                                                         director of Vukile
 Transaction date:                                       23 February 2018
 Class of securities:                                    Ordinary shares
 Number of securities:                                   185 000
 Price per security:                                     R20.93
 Total value of transaction:                             R3 872 050
 Nature of transaction:                                  Off-market acquisition
 Nature and extent of director’s interest:               N/A
                                                                                                          


 Name of director:                                Laurence Rapp
 Transaction date:                                26 February 2018
 Class of securities:                             Ordinary shares
 Number of securities:                            562 055
 Nature of transaction:                           Off-market, zero cost collar hedge over 562 055
                                                  ordinary shares in Vukile in two tranches with, in
                                                  each case, a spot price of R20.98, a put strike price
                                                  of R21.77 and a call strike price of R27.28 with
                                                  expiry dates of 24 February 2020 and 2 March 2020
 Nature and extent of director’s interest:        Direct Beneficial
 Clearance to deal received:                      Yes


 Name of associate:                               Emma Rapp
 Name of director and relationship to director:   Emma Rapp is the spouse of Laurence Rapp, a
                                                  director of Vukile
 Transaction date:                                26 February 2018
 Class of securities:                             Ordinary shares
 Number of securities:                            185 000
 Nature of transaction:                           Off-market, zero cost collar hedge over 185 000
                                                  ordinary shares in Vukile in two tranches with, in
                                                  each case, a spot price of R20.98, a put strike price
                                                  of R21.77 and a call strike price of R27.28 with
                                                  expiry dates of 24 February 2020 and 2 March 2020
 Nature and extent of director’s interest:        N/A

27 February 2018


                      JSE sponsor                                     NSX sponsor

                      Java Capital                               IJG Securities (Pty) Ltd

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