Results of distribution of re-investment alternative 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”) RESULTS OF DISTRIBUTION RE-INVESTMENT ALTERNATIVE Further to the announcement of the payment of debenture interest and cash dividend (the “distribution”) with an election to reinvest the distribution in return for Vukile linked units (“linked unit alternative”) included in Vukile’s results for the year ended 31 March 2013 released on SENS on Monday, 27 May 2013 and the announcement of the reinvestment price per new linked unit (being R16.77 per linked unit) applicable to Vukile linked unitholders electing the linked unit alternative and recorded in the register on Friday, 21 June 2013 released on SENS on Thursday, 6 June 2013. Linked unitholders holding 89 100 719 Vukile linked units or 19.73% of Vukile linked units qualifying to receive the distribution elected to receive the linked unit alternative, resulting in the issue of 3 960 818 new Vukile linked units, retaining R66 422 917.86 (based on the issue price of R16.77 per new linked unit after accounting for the applicable dividend withholding tax) in new equity for Vukile. Accordingly, a cash distribution of R 270 243 561.78 is payable today in respect of 362 451 129 Vukile linked units. Distribution cheques in respect of certificated linked unitholders who did not elect the linked unit alternative in respect of some or all of their linked units were posted today to certificated linked unitholders at their risk and linked unit certificates in respect of certificated linked unitholders who did elect the linked unit alternative in respect of some or all of their linked units will be posted on Tuesday, 25 June 2013 to certificated linked unitholders at their risk. The Central Securities Depository Participants or broker custody accounts of dematerialised linked unitholders who did not elect the linked unit alternative in respect of some or all of their linked units will be credited with the cash distribution today and the Central Securities Depository Participants or broker custody accounts of dematerialised linked unitholders who did elect the linked unit alternative in respect of some or all of their linked units will be credited on Tuesday, 25 June 2013 with their new Vukile linked units. 24 June 2013 JSE sponsor and corporate advisor: Java Capital NSX sponsor: IJG Securities (Pty) Ltd Date: 24/06/2013 03:43:00 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.