Dealings in securities by a director and associates of a director 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” or “the company”) DEALINGS IN SECURITIES BY A DIRECTOR AND ASSOCIATES OF A DIRECTOR OF EQUITES Shareholders are advised of the following information relating to dealings in securities by a director and associates of a director of Equites: Name of director: Ruth Benjamin-Swales Transaction date: 9 July 2015 Class of securities: Ordinary shares Number of securities: 5 200 Price per security: R11.90 Total value: R61 880.00 Nature of transaction: On-market purchase Nature and extent of director’s interest: Direct beneficial Clearance to deal received: Yes Name of associate: Phillip Swales Name of director: Ruth Benjamin-Swales Relationship to director: Husband Transaction date: 9 July 2015 Class of securities: Ordinary shares Number of securities: 1 000 Price per security: R11.90 Total value: R11 900.00 Nature of transaction: On-market purchase Nature and extent of director’s interest: Not applicable Name of associate: Diana Swales Name of director: Ruth Benjamin-Swales Relationship to director: Daughter Transaction date: 9 July 2015 Class of securities: Ordinary shares Number of securities: 1 000 Price per security: R11.90 Total value: R11 900.00 Nature of transaction: On-market purchase Nature and extent of director’s interest: Not applicable 10 July 2015 Sponsor Java Capital Date: 10/07/2015 05:05:00 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.