Dealing in securities by a director SA Corporate Real Estate Fund A Collective Investment Scheme in Property registered in terms of the Collective Investment Schemes Control Act, No. 45 of 2002 and managed by SA Corporate Real Estate Fund Managers Limited (Registration number 1994/009895/06) Share Code: SAC ISIN Code: ZAE000083614 (“SA Corporate”) Registered as a REIT DEALING IN SECURITIES BY A DIRECTOR In compliance with rule 3.63 of the JSE Listings Requirements, the following information is disclosed: Name: T R Mackey Office held: Managing Director Date transaction effected: 17 December 2014 Number of linked units: 793 669 Average price per linked unit: R4.6497 Highest price per linked unit: R4.65 Lowest price per linked unit: R4.62 Value of transaction: R3 690 321.59 Date transaction effected: 18 December 2014 Number of linked units: 6 377 Price per linked unit: R4.62 Value of transaction: R29 461.74 Date transaction effected: 19 December 2014 Number of linked units: 546 880 Average price per linked unit: R4.7207 Highest price per linked unit: R4.73 Lowest price per linked unit: R4.64 Value of transaction: R2 581 656.42 Date transaction effected: 22 December 2014 Number of linked units: 17 015 Average price per linked unit: R4.7197 Highest price per linked unit: R4.73 Lowest price per linked unit: R4.71 Value of transaction: R80 305.70 Nature of interest: Indirect beneficial, via Xyletate (Pty) Ltd of which Mr T R Mackey is the sole director Nature of transaction: Purchase of shares on the open market Written clearance to deal received: Yes Date transaction effected: 22 December 2014 Number of matched unit awards: 491 031 Price per matched unit: R4.6902 Value of transaction: R2 303 032.60 Nature of transaction: Award and acceptance of matched unit awards in terms of the SA Corporate Real Estate Fund Forfeitable Unit Plan and as calculated by a pre-determined formula (off market) Vesting period: Matched units vest in equal proportions over 3, 4 and 5 years Nature of interest: Indirect beneficial, via SA Corporate Real Estate Fund Forfeitable Unit Plan Written clearance to deal received: Yes Cape Town 23 December 2014 Sponsor Nedbank Capital Date: 23/12/2014 07:20:00 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.