Dealings in securities by associates of directors and a director of company pursuant to acquisition of Crossroads 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 ASSOCIATES OF DIRECTORS AND A DIRECTOR OF THE COMPANY PURSUANT TO THE ACQUISITION OF CROSSROADS Shareholders are referred to the announcement on SENS on 30 September 2014 relating to the acquisition of Crossroads. As the vendors of this asset are associates of directors and a director, and the purchase consideration is to be part settled in Equites shares, this constitutes a dealing in securities by those associates and that director in terms of the JSE’s Listings Requirements. The transaction was approved by the board of Equites on 8 August 2014 but as it is a small related party transaction, it was only implemented and announced on 30 September 2014 following approval by the JSE of the required fairness opinion as referred to in the earlier announcement. Accordingly, shareholders are advised of the following: Name of associate: Skymax Trust Name of director and relationship to director: Giancarlo Lanfranchi who is a trustee and beneficiary of the Skymax Trust Transaction date: Refer above Class of securities: Ordinary shares Number of securities: 278 280 Price per security: R10.44 Total value: R2 905 243 Nature of transaction: Issue of Equites shares in part settlement of the acquisition of Crossroads Nature and extent of director’s interest: Indirect beneficial Name of associate: Chiluan Holdings Proprietary Limited (“Chiluan”) Name of director and relationship to director: Andrea Taverna-Turisan who is a director of Chiluan and who holds an indirect beneficial interest in Chiluan via trusts of which he is a beneficiary or potential beneficiary Transaction date: Refer above Class of securities: Ordinary shares Number of securities: 278 280 Price per security: R10.44 Total value: R2 905 243 Nature of transaction: Issue of Equites shares in part settlement of the acquisition of Crossroads Nature and extent of director’s interest: Indirect beneficial Name of director: Riaan Gous Transaction date: Refer above Class of securities: Ordinary shares Number of securities: 278 280 Price per security: R10.44 Total value: R2 905 243 Nature of transaction: Issue of Equites shares in part settlement of the acquisition of Crossroads Nature and extent of director’s interest: Direct beneficial Clearance to deal received: Yes, refer above 3 October 2014 Sponsor Java Capital Date: 03/10/2014 04:40:00 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.