SA CORPORATE REAL ESTATE FUND - Director's Dealings

Director's Dealings

SA Corporate Real Estate Fund
(Incorporated in the Republic of South Africa)
Share Code: SAC     ISIN Code: ZAE000083614
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)
("SA Corporate")

DEALING IN SECURITIES BY A DIRECTOR

In terms of paragraph 3.63 - 3.74 of the JSE Limited
Listings   Requirements,   the   following information,
relating to the dealing in securities on behalf of a
director is accordingly disclosed:

Director                  Mr R J Biesman-Simons
Class of securities       Units

Transaction date          30 October 2012
Price per security        R3.55 per unit
Number of securities      26 667
Total value               R94 667.85
Nature of transaction     Purchase of units on the open
                          market
Extent of interest        Indirect beneficial via The
                          Ronjon Trust of which Mr
                          Biesman-Simons is a beneficiary

Transaction date          31 October 2012
Price per security        R3.47
Number of securities      13 333
Total value               R46 265.51
Nature of transaction     Transfer from Mr R J Biesman-
                          Simons to The Ronjon Trust(off
                          market)
Extent of interest        The transfer results in a
                          change of interest from direct
                          beneficial to indirect
                          beneficial

Written clearance to
deal received:            Yes


Cape Town
31 October 2012

Investment bank and Sponsor
Nedbank Capital

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