SA CORPORATE REAL ESTATE FUND - Dealing in securities by a director

Dealing in securities by a director

SA Corporate Real Estate Fund
A Collective Investment Scheme in Property registered in terms of the Collective
Investment Schemes Control Act, No. 45 of 2002 and managed by SA Corporate
Real Estate Fund Managers Limited (Registration number 1994/009895/06)
Share Code: SAC ISIN Code: ZAE000083614
(“SA Corporate”)
Registered as a REIT


DEALING IN SECURITIES BY A DIRECTOR

In compliance with rule 3.63 of the JSE Listings Requirements, the following information is disclosed:

Name:                                                     T R Mackey
Office held:                                              Managing Director


Date transaction effected:                                17 December 2014
Number of linked units:                                   793 669
Average price per linked unit:                            R4.6497
Highest price per linked unit:                            R4.65
Lowest price per linked unit:                             R4.62
Value of transaction:                                     R3 690 321.59


Date transaction effected:                                18 December 2014
Number of linked units:                                   6 377
Price per linked unit:                                    R4.62
Value of transaction:                                     R29 461.74


Date transaction effected:                                19 December 2014
Number of linked units:                                   546 880
Average price per linked unit:                            R4.7207
Highest price per linked unit:                            R4.73
Lowest price per linked unit:                             R4.64
Value of transaction:                                     R2 581 656.42


Date transaction effected:                                22 December 2014
Number of linked units:                                   17 015
Average price per linked unit:                            R4.7197
Highest price per linked unit:                            R4.73
Lowest price per linked unit:                             R4.71
Value of transaction:                                     R80 305.70
Nature of interest:                                       Indirect beneficial, via Xyletate (Pty) Ltd of which Mr T R
                                                          Mackey is the sole director
Nature of transaction:                                    Purchase of shares on the open market
Written clearance to deal received:                       Yes


Date transaction effected:                                22 December 2014
Number of matched unit awards:                            491 031
Price per matched unit:                                   R4.6902
Value of transaction:                                     R2 303 032.60
Nature of transaction:                                    Award and acceptance of matched unit awards in terms of the
                                                          SA Corporate Real Estate Fund Forfeitable Unit Plan and as
                                                          calculated by a pre-determined formula (off market)
Vesting period:                                           Matched units vest in equal proportions over 3, 4 and 5 years
Nature of interest:                                       Indirect beneficial, via SA Corporate Real Estate Fund
                                                          Forfeitable Unit Plan
Written clearance to deal received:                       Yes



Cape Town
23 December 2014

Sponsor
Nedbank Capital

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