Appointment of chairman SA Corporate Real Estate Fund (Incorporated in the Republic of South Africa) 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) Share Code: SAC ISIN Code: ZAE000083614 ("SA Corporate" or "the Fund" or “the company”) Appointment of Chairman In compliance with rule 3.59 of the JSE Limited Listings Requirements, SA Corporate unitholders are advised that Mr Jeff Molobela, recently appointed as a director, has been appointed as independent non-executive Chairman of the Board. Mr Molobela holds a BSc (Eng) Hons, DIC and MBA from Imperial College in London. He currently serves on the boards of a number of companies including Telkom Limited and is a past director of a number of property companies, including Primegro Properties Limited, Growthpoint Properties Limited and CBS Properties Limited. As a result of the appointment, Mr John Biesman-Simons will step down as Acting Chairman of the Board and as Acting Chairman of the Nomination and Remuneration Committee. The Board of SA Corporate would like to thank Mr Biesman-Simons for the exemplary manner in which he has led SA Corporate during his tenure as Acting Chairman and the substantial contribution he made to the Fund in this role. Mr Biesman-Simons will remain on the Board as an independent non-executive director and will revert back to Chairman of the Audit Committee. The Board also thanks Mr Seedat who fulfilled the role of Acting Chairman of the Audit Committee. These changes are effective immediately and the appointment of Mr Molobela is subject to the necessary regulatory approvals being obtained. Cape Town 30 May 2013 Sponsor Nedbank Capital Date: 30/05/2013 03:35:00 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.