Dealing in securities by a director EMIRA PROPERTY FUND (A property fund created under the Emira Property Scheme, registered in terms of the Collective Investments Schemes Control Act No 45 of 2002) ISIN: ZAE000050712 Share code: EMI DEALINGS IN SECURITIES BY A DIRECTOR In compliance with the JSE Limited Listings Requirements, the following information is disclosed: Director : Bryan Kent Company : Strategic Real Estate Managers (Pty) Limited – Managers of Emira Property Fund Nature of transaction : On market sale of Participatory Interests Class of securities : Ordinary Participatory Interests Date of transaction : 4 September 2014 Number of securities : 84 025 Selling price : R15.59 per ordinary Participatory Interest Total value of transaction : R1 309 949.75 Date of transaction : 4 September 2014 Number of securities : 83 914 Selling price : R15.68 per ordinary Participatory Interest Total value of transaction : R1 315 771.52 Date of transaction : 4 September 2014 Number of securities : 6 008 Selling price : R15.69 per ordinary Participatory Interest Total value of transaction : R94 265.52 Date of transaction : 4 September 2014 Number of securities : 6 350 Selling price : R15.70 per ordinary Participatory Interest Total value of transaction : R99 695.00 Nature of interest : Indirect beneficial Clearance obtained : Yes Bryanston 8 September 2014 Sponsor RAND MERCHANT BANK (A division of FirstRand Bank Limited) Date: 08/09/2014 03:18:00 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.