Directors Dealing ORION REAL ESTATE LIMITED Incorporated in the Republic of South Africa) (Registration number: 1997/021085/06) Share Code: ORE ISIN: ZAE000075651 ("Orion Real Estate" or “the company”) DIRECTOR’S DEALINGS IN SECURITIES In compliance with paragraphs 3.63 to 3.74 of the JSE Listings Requirements, shareholders are advised of the dealings by a director of the Company as follows: Name of director: F Gmeiner Name of company: Orion Real Estate Date of transaction: 26 June 2013 Class of securities: Linked units Number of securities: 17 000 Price per linked unit: 27 cents Total value of transaction: R4 590.00 Nature of transaction: Purchase Nature of interest: Direct beneficial Extent of interest: 0.27% of the issued linked units How traded: On market Clearance obtained: Yes Name of director: F Gmeiner Name of company: Orion Real Estate Date of transaction: 26 June 2013 Class of securities: Linked units Number of securities: 1 000 Price per linked unit: 25 cents Total value of transaction: R250.00 Nature of transaction: Purchase Nature of interest: Direct beneficial Extent of interest: 0.02% of the issued linked units How traded: On market Clearance obtained: Yes Name of director: F Gmeiner Name of company: Orion Real Estate Date of transaction: 26 June 2013 Class of securities: Linked units Number of securities: 2 000 Price per linked unit: 28 cents Total value of transaction: R560.00 Nature of transaction: Purchase Nature of interest: Direct beneficial Extent of interest: 0.03% of the issued linked units How traded: On market Clearance obtained: Yes 28 June 2013 Sponsor Arcay Moela Sponsors (Proprietary) Limited Date: 28/06/2013 03:21:00 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.