Dealings in securities by directors and associates of directors of Equite EQUITES PROPERTY FUND LIMITED (formerly VB Transport (Proprietary) Limited) (Incorporated in the Republic of South Africa) (Registration number 2013/080877/06) JSE share code: EQU ISIN: ZAE000188843 (Approved as a REIT by the JSE) (“Equites” or “the company”) DEALINGS IN SECURITIES BY DIRECTORS AND AN ASSOCIATE OF DIRECTORS OF EQUITES Shareholders are advised of the following information relating to dealings in securities by directors and by an associate of directors of the company by way of subscriptions for shares in terms of the private placement undertaken by the company in the context of the listing of Equites as a REIT on the JSE Limited (“the private placement”): Name of director: Nazeem Khan Transaction date: 17 June 2014 Class of securities: Ordinary shares Number of securities: 100 000 Price per security: R10.00 Total value: R1 000 000.00 Nature of transaction: Subscription for shares pursuant to the private placement Nature and extent of director’s interest: Direct beneficial Clearance to deal received: Yes Name of director: Ruth Benjamin-Swales Transaction date: 17 June 2014 Class of securities: Ordinary shares Number of securities: 6 000 Price per security: R10.00 Total value: R60 000.00 Nature of transaction: Subscription for shares pursuant to the private placement Nature and extent of director’s interest: Direct beneficial Clearance to deal received: Yes Name of director: Riaan Gous Transaction date: 17 June 2014 Class of securities: Ordinary shares Number of securities: 400 000 Price per security: R10.00 Total value: R4 000 000.00 Nature of transaction: Subscription for shares pursuant to the private placement Nature and extent of director’s interest: Direct beneficial Clearance to deal received: Yes Name of associate: Swish Property Administration CC Name of directors and relationship Chrystal Grauso who owns 49% of Swish Property to directors: Administration CC and Giancarlo Lanfranchi who owns 25.5% of Swish Property Administration CC Transaction date: 17 June 2014 Class of securities: Ordinary shares Number of securities: 37 000 Price per security: R10.00 Total value: R370 000.00 Nature of transaction: Subscription for shares pursuant to the private placement Nature and extent of director’s interest: Indirect beneficial 19 June 2014 Sponsor Java Capital Date: 19/06/2014 03:30:00 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.