VKE - Vukile Property Fund Limited - Directors` dealings announcement

VKE - Vukile Property Fund Limited - Directors` dealings announcement           
Vukile Property Fund Limited                                                    
(Incorporated in the Republic of South Africa)                                  
(Registration number 2002/027194/06)                                            
JSE Share Code : VKE ISIN : ZAE000056370                                        
NSX Share Code : VKN                                                            
("Vukile" or "the company")                                                     
DIRECTORS` DEALINGS ANNOUNCEMENT                                                
In compliance with paragraph 3.63 of the Listings Requirements of the JSE       
Limited ("Listings Requirements"), unitholders are hereby advised of the        
following transactions:                                                         
Sanlam Capital Markets (Pty) Ltd ("SCM") has acquired Vukile linked units in    
respect of a new long term share based incentive scheme, approved by            
shareholders at an Annual General Meeting held on 31 August 2010, which will    
vest on 1 July 2014 and which is conditional on the achievement of certain pre- 
determined performance criteria, as follows:                                    
Hermina Christina Lopion                                                        
Date of transaction                     :    02 September 2010                  
Nature of transaction                   :    Acquisition                        
Number of linked units                  :    44 572                             
Price of linked units                   :    R13.50                             
Total value of transaction              :    R601 772.00                        
Class of securities                     :    Linked Units                       
Interest Potential                      :    Direct Beneficial                  
On market transaction                                                           
Clearance in terms of paragraph 3.66 of                                         
the Listings Requirements of the JSE    :    Yes                                
Roodepoort                                                                      
03 September 2010                                                               
JSE Sponsor                                                                     
Barnard Jacobs Mellet Corporate Finance (Pty) Limited                           
NSX Sponsor                                                                     
IJG Securities (Pty) Limited                                                    
Date: 03/09/2010 10:33:01 Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department.                  
The SENS service is an information dissemination service administered by the    
JSE Limited (`JSE`). The JSE does not, whether expressly, tacitly or            
implicitly, represent, warrant or in any way guarantee the truth, accuracy or   
completeness of the information published on SENS. The JSE, their officers,     
employees and agents accept no liability for (or in respect of) any direct,     
indirect, incidental or consequential loss or damage of any kind or nature,     
howsoever arising, from the use of SENS or the use of, or reliance on,          
information disseminated through SENS.