EMI - Emira Property Fund - Disclosure Of Dealings In Securities By Directors

EMI - Emira Property Fund - Disclosure Of Dealings In Securities By Directors   
EMIRA PROPERTY FUND                                                             
(A property fund created under the Emira Property Scheme registered in terms of 
the collective investments schemes CI Control Act No 45 of 2003)                
Share code: EMI                                                                 
ISIN: ZAE000050712                                                              
("Emira" or "the fund")                                                         
DISCLOSURE OF DEALINGS IN SECURITIES BY DIRECTORS                               
Participatory Interest (PI) holders are referred to the circular dated 12 March 
2007 and the resolution approved by PI holders at the annual general meeting of 
the fund held on 1 November 2007, relating to the issue of PIs to the fund`s BEE
partners. PI holders are notified that the following PIs have been issued to the
following entities, in which certain directors of the fund are beneficially     
interested.                                                                     
Interested director and      :   B J van der Ross                               
percentage held in entity        100%                                           
Entity to which PIs issued   :   Business Venture Investments                   
                                No 1228 (Pty) Ltd                               
Date of issue of PIs         :   27 December 2007                               
Number of PIs issued         :   680 538                                        
Price at which PIs issued    :   R10,28                                         
Value of transaction         :   R6 995 930.64                                  
Nature and extent of         :   Indirect beneficial                            
director`s interest                                                             
Clearance obtained           :   Yes                                            
Interested director and      :   N E Makiwane                                   
percentage held in entity        33,3%                                          
Entity to which PIs issued   :   Avuka Investments (Pty) Ltd                    
Date of issue of PIs         :   27 December 2007                               
Number of PIs issued         :   972 196                                        
Price at which PIs issued    :   R10,28                                         
Value of transaction         :   R9 994 174.88                                  
Nature and extent of         :   Indirect beneficial                            
director`s interest                                                             
Clearance obtained           :   Yes                                            
Sandton                                                                         
7 January 2008                                                                  
Sponsor                                                                         
RAND MERCHANT BANK (A division of FirstRand Bank Limited)                       
Date: 07/01/2008 16:58:09 Supplied by www.sharenet.co.za                     
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