DEALINGS IN SECURITIES BETWEEN A DIRECTOR AND HIS ASSOCIATE

ASCENSION PROPERTIES LIMITED

(formerly Grey Jade Trade and Invest 85 (Proprietary) Limited)

(Incorporated in the Republic of South Africa on 23 August 2006)
(Registration number 2006/026141/06)

A-Linked Units: JSE code: AIA    ISIN: ZAE000161881

B-Linked Units: JSE code: AIB    ISIN: ZAE000161899
(a''Ascensiona'' or a''the Companya'')


DEALINGS IN SECURITIES BETWEEN A DIRECTOR AND HIS ASSOCIATE


Linked unitholders are advised that Shaun Rai, a director of Ascension, has
transferred 20 000 000 directly held B Linked units to an associate, the KSK
Trust, of which he is a trustee and beneficiary, as follows:


Date of transaction:                   29 June 2012

Class of securities:                   B-Linked units

Number of securities:                  20 000 000 B-Linked units
Deemed price per security:             R2.00
Deemed value:                          R40 000 000

Nature of transaction:                 Off-market transfer of B-Linked
                                       units.
Clearance to deal received:            Yes


4 July 2012

Sponsor
Java Capital

Date: 04/07/2012 03:28:00 Supplied by www.sharenet.co.za                     
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