Director's Dealings 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 R J Biesman-Simons Class of securities Units Transaction date 30 October 2012 Price per security R3.55 per unit Number of securities 26 667 Total value R94 667.85 Nature of transaction Purchase of units on the open market Extent of interest Indirect beneficial via The Ronjon Trust of which Mr Biesman-Simons is a beneficiary Transaction date 31 October 2012 Price per security R3.47 Number of securities 13 333 Total value R46 265.51 Nature of transaction Transfer from Mr R J Biesman- Simons to The Ronjon Trust(off market) Extent of interest The transfer results in a change of interest from direct beneficial to indirect beneficial Written clearance to deal received: Yes Cape Town 31 October 2012 Investment bank and Sponsor Nedbank Capital Date: 31/10/2012 12:20:00 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.