SAC - SA Corporate Real Estate Fund - Dealing in securities by a director

SAC - SA Corporate Real Estate Fund - 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")                                                                
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:                                              
Executive director            Mr L B van Niekerk                                
Class of securities           Units                                             
Transaction date              31 August 2010                                    
Strike price                  R2.78 per unit                                    
Number of securities          71 193                                            
Total value                   R197 916.54                                       
Nature of transaction         Exercise of share options granted in terms of Old 
                             Mutual`s Medium Term Incentive Scheme and change   
                             from indirect beneficial holding to direct         
                             beneficial holding (off market)                    
Extent of interest            Direct beneficial                                 
Price                         R3.11 per unit                                    
Number of securities          28 579                                            
Total value                   R88 880.69                                        
Nature of transaction         Sale of shares on the open market                 
Extent of interest            Direct beneficial                                 
Written clearance to deal     Yes                                               
received                                                                        
Johannesburg                                                                    
2 September 2010                                                                
Investment bank and sponsor                                                     
Nedbank Capital                                                                 
Date: 02/09/2010 09:33:00 Supplied by www.sharenet.co.za                     
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