ACUCAP PROPERTIES LIMITED - Associate of a directors acceptance of the follow-on offer

Associate of a 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”)


ASSOCIATE OF A 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 associates of a director:

Name of associate:                        Bryan Stevens Investment Trust (“the Trust”)

Name of director:                         Bryan Stevens

Type of director:                         Independent non-executive director of Acucap

Company:                                  Acucap

Nature of relationship:                   Beneficiary of the Trust

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            2,266 Sycom units
disposed of in terms of the follow-on
offer:

Number and class of securities            1,314 Acucap shares
acquired as consideration:

Date of acceptance of the follow-on       24 July 2014
offer:

Date of receipt of the follow-on offer    28 July 2014
Consideration:

Price:                                    R48.36 (note 1)

Total value:                              R63,545.04

Nature of interest:                       Indirect beneficial


Name of associate:                        Knysna Views Property No. 5 CC

Name of director:                         Bryan Stevens

Type of director:                         Independent non-executive director of Acucap

Company:                                  Acucap

Nature of relationship:                   Member

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            2,152 Sycom units
disposed of in terms of the follow-on
offer:

Number and class of securities            1,249 Acucap shares
acquired as consideration:

Date of acceptance of the follow-on       24 July 2014
offer:

Date of receipt of the follow-on offer    28 July 2014
Consideration:

Price:                                    R48.36 (note 1)

Total value:                              R60,401.64

Nature of interest:                       Indirect beneficial


Notes:
    1.   Calculated as the closing Sycom unit price on Thursday, 24 July 2014 of R28.05 divided by the exchange ratio of 58
         Acucap shares per every 100 Sycom units held.



Cape Town

8 August 2014


Sponsor to Acucap




Questco (Pty) Ltd

Date: 08/08/2014 04:18:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
 the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, 
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
 information disseminated through SENS.