Dealings in securities by directors and by an associate of a director of the company ASCENSION PROPERTIES LIMITED (Incorporated in the Republic of South Africa) (Registration number 2006/026141/06) JSE share code for A-linked units: AIA ISIN: ZAE000161881 JSE share code for B-linked units: AIB ISIN: ZAE000161899 (Approved as a REIT by the JSE) (“Ascension” or “the company”) DEALINGS IN SECURITIES BY DIRECTORS AND BY AN ASSOCIATE OF A DIRECTOR OF THE COMPANY Linked unitholders are advised of the following information relating to the dealings in securities by directors and by an associate of a director of Ascension pursuant to a scheme of arrangement entered into between Cape Empowerment Limited (“CEL”) and certain CEL shareholders whereby an offer was made by CEL to certain CEL shareholders to acquire their shares in CEL (“the offer”), in exchange for 29.4 Ascension B-linked units for every 100 CEL shares held (“the unit consideration”). No cash alternative was offered and the CEL shareholders were obliged to accept the unit consideration: Name of director: Ashraf Mohamed Transaction date: 16 January 2014 Class of securities: Ascension B-linked units Number of securities: 79 380 Price per security: R2.40 (being the implied price based on the ratio of 29.4 Ascension B-linked units for every 100 CEL shares held in terms of the unit consideration) Total value: R190 512.00 Nature of transaction: Off-market acceptance of Ascension B-linked units under the offer. Nature and extent of director’s interest: Direct beneficial Clearance to deal received: The Ascension B-linked units were received in terms of the offer. Name of director: Jeremy de Villiers Transaction date: 16 January 2014 Class of securities: Ascension B-linked units Number of securities: 4 410 000 Price per security: R2.40 (being the implied price based on the ratio of 29.4 Ascension B-linked units for every 100 CEL shares held in terms of the unit consideration) Total value: R10 584 000.00 Nature of transaction: Off-market acceptance of Ascension B-linked units under the offer. Nature and extent of director’s interest: Direct beneficial Clearance to deal received: The Ascension B-linked units were received in terms of the offer. Name of director: Chris Nissen Transaction date: 16 January 2014 Class of securities: Ascension B-linked units Number of securities: 1 470 000 Price per security: R2.40 (being the implied price based on the ratio of 29.4 Ascension B-linked units for every 100 CEL shares held in terms of the unit consideration) Total value: R3 528 000.00 Nature of transaction: Off-market acceptance of Ascension B-linked units under the offer. Nature and extent of director’s interest: Direct beneficial Clearance to deal received: The Ascension B-linked units were received in terms of the offer. Name of director: Henry Dednam Transaction date: 16 January 2014 Class of securities: Ascension B-linked units Number of securities: 1 470 000 Price per security: R2.40 (being the implied price based on the ratio of 29.4 Ascension B-linked units for every 100 CEL shares held in terms of the unit consideration) Total value: R3 528 000.00 Nature of transaction: Off-market acceptance of Ascension B-linked units under the offer. Nature and extent of director’s interest: Direct beneficial Clearance to deal received: The Ascension B-linked units were received in terms of the offer. Name of associate: Cape Empowerment Limited Name of director and relationship to director: Shaun Rai who is the majority shareholder in and a director of Cape Empowerment Limited. Transaction date: 16 January 2014 Class of securities: Ascension B-linked units Number of securities: 7 429 380 Price per security: R2.40 (being the implied price based on the ratio of 29.4 Ascension B-linked units for every 100 CEL shares held in terms of the unit consideration) Total value: R17 830 512.00 Nature of transaction: Off-market sale by CEL of Ascension B-linked units under the offer. 17 January 2014 Sponsor Java Capital Date: 17/01/2014 11:09:00 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.