Dealings in securities by directors and by an associate of a director of Tower TOWER PROPERTY FUND LIMITED (formerlyReftin 1004 Proprietary Limited) (Registration number 2012/066457/06) JSE share code: TWR ISIN number: ZAE000179040 (Approved as a REIT by the JSE) (“Tower” or the “company”) DEALINGS IN SECURITIES BY DIRECTORS AND BY AN ASSOCIATE OF A DIRECTOR OF TOWER Shareholders are advised of the following information relating to the dealings in securities by directors and by an associate of a director of the company: Name of director: F J Jenkings Transaction date: 19 July 2013 Class of securities: Ordinary shares Number of securities: 5 900 Price per security: R10.00 Total value of transaction: R59 000.00 Nature of transaction: On-market purchase Nature and extent of director’s interest: Direct beneficial Clearance to deal received: Yes Name of director: F J Jenkings Transaction date: 19 July 2013 Class of securities: Ordinary shares Number of securities: 100 Price per security: R10.00 Total value of transaction: R1 000.00 Nature of transaction: Off-market purchase Nature and extent of director’s interest: Direct beneficial Clearance to deal received: Yes Name of director: A D Dalling Transaction date: 19 July 2013 Class of securities: Ordinary shares Number of securities: 500 Price per security: R10.00 Total value of transaction: R5 000.00 Nature of transaction: On-market purchase Nature and extent of director’s interest: Direct beneficial Clearance to deal received: Yes Name of associate: A T Dalling Relationship to director: Wife Name of director: A S Dalling Transaction date: 19 July 2013 Class of securities: Ordinary shares Number of securities: 1 500 Price per security: R10.00 Total value of transaction: R15 000.00 Nature of transaction: On-market purchase 23 July 2013 Sponsor Java Capital Date: 23/07/2013 03:33:00 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.