Dealing in securities by a director 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 (Granted REIT status with the JSE) ("Vukile" or the “company”) DEALING IN SECURITIES BY A DIRECTOR Unitholders are referred to the circular dated 27 March 2013 relating to, inter alia, the odd-lot offer (as defined therein) (the “circular”) and each of the related announcements released on SENS on 14 May 2013 and 4 June 2013. As indicated in the circular, any linked unitholder of the company holding less than 100 linked units (an “odd-lot holding”), who/which did not timeously make an election not to sell their odd-lot holding in terms of the odd-lot offer would automatically be regarded as having chosen to sell their odd-lot holding and their odd-lot holding compulsorily repurchased by the company. Further to this, unitholders are hereby advised that due to one certificated linked unit in the company being held by a director of the company and such certificated linked unit inadvertently classified as an “odd-lot holding” for the purpose of the implementation of the odd-lot offer, a director of the company has unknowingly sold to the company which has repurchased one certificated linked unit under the odd-lot offer, the details of which are as follows: Name of Director: HC Lopion Name of company: Vukile Date on which transaction was effected: 3 June 2013 Nature of transaction: Sale Class of security: Certificated linked units Number of linked units: 1 Price per linked unit: R19.79 Total value of transaction: R19.79 Nature of directors interest: Direct beneficial Confirmation of on-market or off-market: Off-market HC Lopion beneficially holds a further 27 835 dematerialised linked units in the company. The compulsory sale and repurchase of the one certificated linked unit occurred automatically and inadvertently as a result of the implementation of the odd-lot offer. Accordingly, no clearance was sought or received. 5 June 2013 JSE Sponsor and Corporate advisor: Java Capital NSX sponsor: IJG Securities (Pty) Ltd Date: 05/06/2013 04:50:00 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.