ACUCAP PROPERTIES LIMITED - Directors acceptance of the follow-on offer

Director’s acceptance of the follow-on offer

Acucap Properties Limited
Incorporated in the Republic of South Africa
Registration number 2001/021725/06
Share code: ACP
ISIN: ZAE000188660
Approved as a REIT by the JSE
(“Acucap”)




DIRECTOR’S ACCEPTANCE OF THE FOLLOW-ON OFFER


In compliance with paragraph 3.63 to 3.66 of the JSE Listings Requirements, the following information
is disclosed in respect of the acceptance of the follow-on offer by the following director:

Name of director:                         Professor Brian Kantor

Company:                                  Acucap

Type of director:                         Independent non-executive director
                                          of Acucap

Nature of transaction:                    Off-market disposal of Sycom Units
                                          (through acceptance of the follow-on
                                          offer) and concurrent off-market
                                          acquisition of Acucap Shares (as
                                          consideration therefor)

Number and class of securities            90,628 Sycom units
disposed of in terms of the follow-on
offer:

Number and class of securities            52,564 Acucap shares
acquired as consideration:

Date of acceptance of the follow-on       1 July 2014
offer:

Date of receipt of the follow-on offer    7 July 2014
Consideration:

Price:                                    R45.34 (note 1)

Total value:                              R2,383,251.76

Nature of interest:                       Direct beneficial
Clearance to deal provided:               Yes

Notes:
    1.   Calculated as the closing Sycom unit price on Tuesday, 1 July 2014 of R26.30 divided by the exchange ratio of 58
         Acucap shares per every 100 Sycom units held.




Cape Town

31 July 2014


Sponsor to Acucap




Questco (Pty) Ltd

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