VKE - Vukile Property Fund Limited - Appointment of independent non-executive

VKE - Vukile Property Fund Limited - Appointment of independent non-executive   
directors                                                                       
Vukile Property Fund Limited                                                    
(Incorporated in the Republic of South Africa)                                  
(Registration number 2002/027194/06)                                            
ISIN: ZAE000056370                                                              
JSE share code: VKE                                                             
NSX share code: VKN                                                             
("Vukile or the Company")                                                       
APPOINTMENT OF INDEPENDENT NON-EXECUTIVE DIRECTORS                              
In accordance with paragraph 3.59 of the JSE Listings Requirements, linked      
unitholders are advised that the following individuals have been appointed as   
independent non-executive directors of the company with effect from 20 March    
2012. Both individuals will serve on the board and audit and risk committee of  
the company.                                                                    
Dr Steve Booysen                                                                
Steve is a Chartered Accountant, having obtained his BCompt, Hons BCompt and    
MCompt degrees from the University of South Africa. He further obtained a DCom  
degree from the University of Pretoria and served articles with Ernst & Young.  
Steve is the former group chief executive officer of Absa Group Limited. Steve  
also serves on the boards of Steinhoff International Holdings Limited, Clover   
Industries Limited, Efficient Financial Holdings Limited and Senwes Limited.    
Mr Nigel Payne                                                                  
Nigel is a Chartered Accountant, having obtained his BComm and                  
Higher Diploma in Accounting from Rhodes University. He further holds a         
Masters in Business Leadership degree from the University of South Africa and   
is a Certified Internal Auditor.                                                
He has previously served as partner at KPMG and Head of Internal Audit at       
Transnet. Nigel is a member of the King Committee on Corporate Governance and   
also serves on the boards of Bidvest Group Limited, JSE Limited, BSi Steel      
Group Limited and Mr Price Group Limited, where he holds the position of        
Chairman.                                                                       
Roodepoort                                                                      
20 March 2012                                                                   
JSE sponsor: Java Capital                                                       
NSX sponsor: IJG Securities                                                     
Date: 20/03/2012 10:48:01 Supplied by www.sharenet.co.za                     
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