Dealings in securities by directors of Equites 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”) DEALINGS IN SECURITIES BY DIRECTORS OF EQUITES Shareholders are advised of the following information relating to the acceptance of a conditional award of Equites shares by directors of Equites granted in terms of the rules of the Conditional Share Plan (“CSP”) on the basis set out below: Name of director: Andrea Taverna-Turisan Date of acceptance of award: 31 October 2014 Number of conditional share awards: 110 403 Award price: R10.65 (30 day VWAP) Value of transaction: R1 175 791.95 Class of securities: Ordinary shares Vesting period: Two years and 7 months Nature of transaction: Off-market acceptance of conditional awards in terms of the CSP Nature and extent of director’s interest: Direct beneficial Clearance to deal received: Yes Name of director: Bram Goossens Date of acceptance of award: 31 October 2014 Number of conditional share awards: 51 755 Award price: R10.65 (30 day VWAP) Value of transaction: R551 190.75 Class of securities: Ordinary shares Vesting period: Two years and 7 months Nature of transaction: Off-market acceptance of conditional awards in terms of the CSP Nature and extent of director’s interest: Direct beneficial Clearance to deal received: Yes Name of director: Riaan Gous Date of acceptance of award: 31 October 2014 Number of conditional share awards: 66 909 Award price: R10.65 (30 day VWAP) Value of transaction: R712 580.85 Class of securities: Ordinary shares Vesting period: Two years and 7 months Nature of transaction: Off-market acceptance of conditional awards in terms of the CSP Nature and extent of director’s interest: Direct beneficial Clearance to deal received: Yes 3 November 2014 Sponsor Java Capital Date: 03/11/2014 09:48:00 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.