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:                                              
Director                 Mr B M Kodisang                                        
Transaction date         8 June 2011                                            
Class of securities      Units                                                  
Strike price             R3.3718 per unit                                       
Number of securities     738 396                                                
Total value              R2 489 723.63                                          
Nature of transaction    The acquisition (on the open market) on behalf of Mr B 
                        K Kodisang and allocation to him of SA Corporate units  
                        in terms of the Old Mutual Property (Pty) Limited Share 
                        Medium Term Incentive Scheme ("the Scheme"). In terms   
of the Scheme Mr B M Kodisang has been granted the      

                        right to receive SA Corporate units.  Provided Mr BM    
                        Kodisang is still in the employ of Old Mutual Property  
                        Pty) Limited on the 3rd anniversary of the allocation   
having been made to him, Mr KM Kodisang will receive    

                        all units so allocated to him.                          
Extent of interest       Indirect beneficial (via Old Mutual Medium Term        
                        Incentive Scheme Trust)                                 
Written clearance to deal     Yes                                               
received                                                                        
Johannesburg                                                                    
9 June 2011                                                                     
Investment bank and sponsor                                                     
Nedbank Capital                                                                 
Date: 09/06/2011 12:15:01 Supplied by www.sharenet.co.za                     
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