Dealings by a director of a major subsidiary Acucap Properties Limited Incorporated in the Republic of South Africa Registration number 2001/021725/06 Share code: ACP ISIN: ZAE000188660 Approved as a REIT by the JSE (“Acucap” or “the Company”) DEALINGS BY A DIRECTOR OF A MAJOR SUBSIDIARY Gavin Jones, a director of Sycom Property Fund Managers Limited (“SPFM”), a wholly-owned subsidiary of Acucap and the statutory manager of Sycom Property Fund (“Sycom”), has disposed of shares in Acucap in order to settle maturing loans granted by the Acucap Unit Purchase Trust Scheme. Accordingly, in compliance with paragraph 3.63 to 3.66 of the JSE Listings Requirements, the following information is disclosed: Name of director: Gavin Jones Company: SPFM, the statutory manager of Sycom Type of director: Executive director Nature of transaction: On-market disposal to settle maturing loans granted by the Acucap Unit Purchase Trust Scheme Nature of interest: Direct beneficial Clearance to deal provided: Yes Date of disposal of the Acucap securities: 28 January 2015 Number and class of securities disposed: 7 418 ordinary shares Price: 5 700 cents Total value: R422 826.00 Date of disposal of the Acucap securities: 29 January 2015 Number and class of securities disposed: 212 582 ordinary shares High price: 5 701 cents Low price: 5 700 cents Volume weighted average price: 5 700 cents Total value: R12 117 183.41 Cape Town 3 February 2015 Sponsor to Acucap Questco (Pty) Ltd Date: 03/02/2015 11:26:00 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.