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

Dealing in securities by a director

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")
Registered as a REIT with effect from 1 January 2014

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 T R Mackey
Transaction date          1 November 2013
Class of securities       Units
Strike price              R4.03 per unit
Number of securities      127 023
Total value               R511 902.69
Nature of transaction     Acquisition of and allocation
                          to Mr T R Mackey of SA
                          Corporate units in terms of the
                          Old Mutual Property (Pty)
                          Limited Share Medium Term
                          Incentive Scheme
Vesting period            On the 3rd anniversary date of
                          the allocation
Nature of trade           Open market
Extent of interest        Indirect beneficial (via Old
                          Mutual Medium Term Incentive
                          Scheme Trust)
Written clearance to deal Yes
received

Johannesburg
1 November 2013

Investment bank and sponsor
Nedbank Capital

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