Director's dealings in Securities INVESTEC PROPERTY FUND LIMITED Registered in the Republic of South Africa Reg. no: 2008/011366/06) Share code: IPF ; ISIN code: ZAE000155099 (“Investec Property Fund” or “the Fund”) Director’s dealings in Securities In compliance with Rules 3.63 - 3.74 of the JSE Limited Listings Requirements, the following information is disclosed: Name : Constance Matshaga Mashaba Designation : Non-Executive Director Nature of transaction : Acquisition of linked units, On-Market Class of shares : Linked units Nature of interest : Direct, Beneficial Date of transaction : 10 December 2012 Number of shares : 12 098 Average selling price per share : R 15.60 Highest selling price per share : R 15.70 Lowest selling price per share : R 15.60 Total value of transaction : R 188,728.80 Clearance to deal obtained : Yes Name : Constance Matshaga Mashaba Designation : Non-Executive Director Nature of transaction : Acquisition of linked units, On-Market Class of shares : Linked units Nature of interest : Direct, Beneficial Date of transaction : 11 December 2012 Number of shares : 27 285 Average selling price per share : R 16.00 Highest selling price per share : R 16.00 Lowest selling price per share : R 16.00 Total value of transaction : R 436,560.00 Clearance to deal obtained : Yes Name : Constance Matshaga Mashaba Designation : Non-Executive Director Nature of transaction : Acquisition of linked units, On-Market Class of shares : Linked units Nature of interest : Direct, Beneficial Date of transaction : 12 December 2012 Number of shares : 5 617 Average selling price per share : R 16.00 Highest selling price per share : R 16.00 Lowest selling price per share : R 16.00 Total value of transaction : R 89 872.00 Clearance to deal obtained : Yes Sandton 13 December 2012 Sponsor: Investec Bank Limited Date: 13/12/2012 03:45:00 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.