Director's Dealings ANNUITY PROPERTIES LIMITED (Incorporated in the Republic of South Africa) (Registration Number 2011/145994/06) Linked unit code: ANP ISIN: ZAE000165643 (“Annuity” or “the Company”) DEALING IN SECURITIES BY ASSOCIATES OF DIRECTORS A. DEALING IN SECURITIES BY ASSOCIATES OF DIRECTORS Pursuant to the issue of new Annuity linked units though a vendor placement (“Vendor Placement”) as described in announcements released on SENS on 29 July 2013 and 20 September 2013, and in compliance with rules 3.63 - 3.74 of the JSE Listings Requirements, the information relating to the participation in the Vendor Placement by associates of directors of Annuity is set out below: Director : Panico Theocharides Associate : The Panico Theocharides Family Trust (of which Mr Theocharides is a trustee and a beneficiary) Designation : Joint Chief Executive Officer Nature of transaction : Off-market acquisition of linked units Nature of interest : Indirect, beneficial Date of transaction : 20 September 2013 Number of linked units : 49 019 Purchase price per linked unit : R5.10 Total value of transaction : R249 996.90 Clearance to deal obtained : Yes Director : Schalk Strydom Associate : Vexma Properties 183 Proprietary Limited (of which Helenko Trust is a shareholder. Mr Strydom is a trustee and beneficiary of Helenko Trust) Designation : Chief Financial Officer Nature of transaction : Off-market acquisition of linked units Nature of interest : Indirect, beneficial Date of transaction : 20 September 2013 Number of linked units : 77 647 Purchase price per linked unit : R5.10 Total value of transaction : R395 999.70 Clearance to deal obtained : Yes Illovo 20 September 2013 Lead Investment Bank and Transaction Sponsor to Annuity Investec Bank Limited Joint Investment Bank to Annuity Sasfin Capital (A division of Sasfin Bank Limited) Legal advisors to Annuity Glyn Marais Inc Sponsor to Annuity Rand Merchant Bank (A division of FirstRand Bank Limited) Date: 20/09/2013 11:51:00 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.