VKE - Vukile Property Fund Limited - Dealings in securities by directors and

VKE - Vukile Property Fund Limited - Dealings in securities by directors and    
company secretary                                                               
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")                                                                      
DEALINGS IN SECURITIES BY DIRECTORS AND COMPANY SECRETARY                       
Unitholders are hereby advised that Sanlam Capital Markets (Pty) Limited has    
utilised the Vukile distribution paid in April 2012 to acquire the following    
linked units in terms of the Vukile Long Term Incentive Scheme which receipt by 
participants is conditional, inter alia, on the achievement of certain pre-     
determined performance criteria:                                                
Name of director:                     LG Rapp                                   
Date of transaction:                  29 May 2012                               
Class of securities:                  Linked units                              
Number of securities:                 21 576                                    
Price per security:                   R16.122                                   
Total value of transaction:           R347 848                                  
Vesting period:                       Between August 2014 and August            
                                     2016                                       
Nature of transaction:                On-market purchase                        
Nature and extent of  director`s      Indirect non-beneficial                   
interest:                                                                       
Clearance to deal:                    yes                                       
Name of director:                     M J Potts                                 
Date of transaction:                  29 May 2012                               
Class of securities:                  Linked units                              
Number of securities:                 19 767                                    
Price per security:                   R16.122                                   
Total value of transaction:           R318 684                                  
Vesting period   :                    Between July 2013 and July 2014           
Nature of transaction:                On-market purchase                        
Nature and extent of  director`s      Indirect non-beneficial                   
interest:                                                                       
Clearance to deal:                    yes                                       
Name of director:                     HC Lopion                                 
Date of transaction:                  29 May 2012                               
Class of securities:                  Linked units                              
Number of securities:                 5 927                                     
Price per security:                   R16.122                                   
Total value of transaction:           R95 555                                   
Vesting period:                       Between July 2012 and July 2016           
Nature of transaction:                On-market purchase                        
Nature and extent of  director`s      Indirect non-beneficial                   
interest:                                                                       
Clearance to deal:                    yes                                       
Name of company secretary :           J Neethling                               
Date of transaction:                  29 May 2012                               
Class of securities:                  Linked units                              
Number of securities:                 1 274                                     
Price per security:                   R16.122                                   
Total value of transaction:           R20 539                                   
Vesting period   :                    Between July 2012 and July 2016           
Nature of transaction:                On-market purchase                        
Nature and extent of  director`s      Indirect non-beneficial                   
interest:                                                                       
Clearance to deal:                    yes                                       
Roodepoort                                                                      
31 May 2012                                                                     
JSE sponsor:  Java Capital                                                      
NSX sponsor:  IJG Securities (Pty) Ltd                                          
Date: 01/06/2012 07:05:10 Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department.                  
The SENS service is an information dissemination service administered by the    
JSE Limited (`JSE`). The JSE does not, whether expressly, tacitly or            
implicitly, represent, warrant or in any way guarantee the truth, accuracy or   
completeness of the information published on SENS. The JSE, their officers,     
employees and agents accept no liability for (or in respect of) any direct,     
indirect, incidental or consequential loss or damage of any kind or nature,     
howsoever arising, from the use of SENS or the use of, or reliance on,          
information disseminated through SENS.