VUKILE PROPERTY FUND LIMITED - Results of accelerated book build and Encha Equity Platform placement

Results of accelerated book build and Encha Equity Platform placement

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 : ZAE000056370
(Granted REIT status with the JSE)
(“Vukile”)


RESULTS OF THE ACCELERATED BOOK BUILD AND ENCHA EQUITY PLATFORM PLACEMENT


NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED
STATES, CANADA, JAPAN OR ANY JURISDICTION IN WHICH IT WOULD BE UNLAWFUL TO DO SO

In light of strong demand at R16.50 per linked unit, Vukile has increased the amount of capital to be raised 
pursuant to its accelerated book build by R100 million. The book is now closed.

Accordingly, Vukile has raised a total of R600 million, R350 million by the issue of new Vukile linked units 
pursuant to the accelerated book build process at R16.50 per linked unit and R250 million by placement to the 
Encha SPV at R16.40 per linked unit established in terms of the Encha equity funding platform as detailed in Vukile’s 
circular to linked unitholders issued on 5 June 2013.

A total of 36 456 024 new Vukile linked units are expected to be issued and listed on Thursday, 18 September 2014.

Java Capital acted as sole bookrunner.


9 September 2014


Bookrunner, corporate advisor and JSE sponsor
Java Capital

Java Capital contact details:
Andrew Brooking or Carl Esterhuysen
Vukile@javacapital.co.za
Tel: (011) 283 0177/0050

NSX sponsor: IJG Securities (Pty) Ltd

This announcement is not for publication or distribution or release, directly or indirectly, in the United States of America (including
its territories and possessions, any state of the United States and the District of Columbia).

This announcement does not constitute or form part of an offer or solicitation of an offer to purchase or subscribe for securities in the
United States or any other jurisdiction. The securities referred to herein have not been and will not be registered under the United
States Securities Act of 1933, as amended (the “Securities Act”), and may not be offered or sold, directly or indirectly, in the United
States, absent registration or an exemption from, or transaction not subject to, the registration requirements of the Securities Act. No
public offering of securities is being made in the United States. This announcement does not and is not intended to constitute an offer
to the public in South Africa in terms of the South African Companies Act 71 of 2008 (as amended). Neither this announcement nor
any copy of it may be taken, transmitted or distributed, directly or indirectly in or into the United States, Canada, Australia or Japan.

This announcement is for information purposes only and in member states of the European Economic Area (other than the United
Kingdom) is directed only at persons who are qualified investors (as defined in article 2(1)(e) of EU directive 2003/71/EC (the
“Prospectus Directive”) and the relevant implementing rules and regulations adopted by each Member State). In the United Kingdom,
this announcement is directed only at the following persons: investment professionals falling within article 19(5) of the Financial
Services and Markets Act 2000 (Financial Promotion) Order 2005 (the “Order”); and high net worth entities, and other person to
whom it may lawfully be communicated, falling within article 49(2)(a) to (d) of the Order.

This announcement has been issued by and is the sole responsibility of Vukile. No representation or warranty express or implied, is or
will be made as to, or in relation to, and no responsibility or liability is or will be accepted by Java Capital or by any of its respective
affiliates or agents as to, or in relation to, the accuracy or completeness of this announcement or any other written or oral information
made available to or publicly available to any interested party or its advisers, and any liability therefore is expressly disclaimed.

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