TEXTON PROPERTY FUND LIMITED - Dealing in securities by directors

Dealing in securities by directors

TEXTON PROPERTY FUND LIMITED
Granted REIT status by the JSE
(Incorporated in the Republic of South Africa)
Registration number: 2005/019302/06
JSE code: TEX
ISIN: ZAE000190542
(“Texton” or “the Company”)


DEALING IN SECURITIES BY DIRECTORS

In compliance with sections 3.63 to 3.65 of the Listings Requirements of the JSE Limited, the following information
relating to the dealing in securities by a director of the Company is disclosed in relation to the acceptance of
options under the Texton Share Incentive Scheme:


 Name of director:             Angelique de Rauville
 Name of company:              Texton Property Fund Limited
 Transaction date:             29 August 2016
 Class of securities:          Ordinary shares
 Number of shares:             4,644,782
 Price per share:              R11.31
 Transaction value:            R52,532,484.42
 Nature of the transaction:    Acceptance of share options at a strike price of R11.31
                               under the Texton Share Incentive Scheme (off market)
 Vesting period:               The first tranche comprising of 1,059,336 shares will have
                               the following vesting profile from the grant date of 29
                               August 2016:
                                      -     75% after three years; and
                                      -     25% after four years

                               The second tranche comprising of 3,585,446 shares will
                               have the following vesting profile from the grant date of 29
                               August 2016:
                                      -     75% after four years; and
                                      -     25% after five years
 Nature of interest:           Direct, beneficial
 Clearance obtained:           Yes


 Name of director:             Nic Morris
 Name of company:              Texton Property Fund Limited
 Transaction date:             29 August 2016
 Class of securities:          Ordinary shares
 Number of shares:             1,087,274
 Price per share:              R11.31
 Transaction value:            R12,297,070.07
 Nature of the transaction:    Acceptance of share options at a strike price of R11.31
                               under the Texton Share Incentive Scheme (off market)
 Vesting period:               75% after four years and 25% after five years from the grant date
                               of 29 August 2016
 Nature of interest:           Direct, beneficial
 Clearance obtained:           Yes


 Name of director:             Brigitte de Bruyn
 Name of company:              Texton Property Fund Limited
 Transaction date:             29 August 2016
 Class of securities:          Ordinary shares
 Number of shares:             2,444,623
 Price per share:              R11.31
 Transaction value:            R27,648,686.13
 Nature of the transaction:    Acceptance of share options at a strike price of R11.31
                               under the Texton Share Incentive Scheme (off market)
 Vesting period:               75% vesting on 28 February 2021 and 25% vesting on 28
                               February 2022
 Nature of interest:           Direct, beneficial
 Clearance obtained:           Yes


Hyde Park
1 September 2016

Investment Bank and Sponsor
Investec Bank Limited

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