VKE - Vukile Property Fund Limited - Update on posting of Vukile circular

VKE - Vukile Property Fund Limited - Update on posting of Vukile circular       
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")                                                     
UPDATE ON POSTING OF VUKILE CIRCULAR                                            
Further to the detailed cautionary announcement released on SENS on 14          
November 2011 and the terms announcement released on 30 November 2011,          
wherein linked unitholders were advised that the company has made an offer      
to Sanlam Life Insurance Limited ("Sanlam") dated 3 November 2011 in terms      
of which Vukile will acquire the property letting enterprises in respect of     
a portfolio of properties which offer has been accepted by Sanlam ("the         
Transaction"), unitholders are further advised that it is anticipated that      
the circular to unitholders containing details of the Transaction and the       
notice of general meeting will be posted on or about 31 January 2012.           
Johannesburg                                                                    
18 January 2012                                                                 
Transaction Sponsor:                                                            
RAND MERCHANT BANK (A division of FirstRand Bank Limited)                       
Date: 18/01/2012 14:00:04 Supplied by www.sharenet.co.za                     
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