SA Corporate Real Estate Fund - Voluntary announcement regarding the sale of

SA Corporate Real Estate Fund - Voluntary announcement regarding the sale of    
SA Corporate`s stake in Oryx Properties Limited                                 
SA Corporate Real Estate Fund                                                   
(Incorporated in the Republic of South Africa)                                  
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)                                                                 
Share Code: SAC ISIN Code: ZAE000083614                                         
("SA Corporate" or "the Fund")                                                  
VOLUNTARY ANNOUNCEMENT REGARDING THE SALE OF SA CORPORATE`S STAKE IN ORYX       
PROPERTIES LIMITED ("ORYX")                                                     
SA Corporate unitholders are advised that SA Corporate has entered into an      
agreement ("the agreement") with TLP Investments One Three Seven                
(Proprietary) Limited ("TLP Investments"), whereby TLP Investments will         
acquire the total holding of SA Corporate in Oryx, representing 14 019 055      
Oryx linked units ("the transaction"). The units will be acquired on 31         
January 2012 at a price of N$13.20 per unit, with a total consideration of      
N$185 051 526.                                                                  
The transaction is subject to various suspensive conditions as stipulated in    
the agreement.  Unit holders are also advised that Mr Len van Niekerk           
(Managing Director of SA Corporate) is a non-executive director of Oryx.        
It should be noted that the value of the transaction for SA Corporate is less   
than 5% of SA Corporate`s market capitalisation and accordingly this            
announcement is made voluntarily.                                               
11 January 2012                                                                 
Cape Town                                                                       
Investment bank and sponsor                                                     
Nedbank Capital                                                                 
Date: 11/01/2012 13:30:01 Supplied by www.sharenet.co.za                     
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