Dealings in securities by a director and by associates of directors of Lodestone LODESTONE REIT LIMITED (previously Lodestone Properties Limited) (Incorporated in the Republic of South Africa) (Registration number: 2010/017830/06) JSE share code: LDO ISIN: ZAE000197935 (“Lodestone” or “the company”) DEALINGS IN SECURITIES BY A DIRECTOR AND ASSOCIATES OF DIRECTORS OF LODESTONE Shareholders are advised of the following information relating to dealings in securities by a director and associates of directors of Lodestone by way of a subscription for shares pursuant to a bookbuild process undertaken by the company on 11 November 2015: Name of director: Craig Hallowes Transaction date: 11 November 2015 Class of securities: Ordinary shares Number of securities: 135 000 Price per security: R6.75 Total value: R911 250.00 Nature of transaction: Off-market subscription for shares Nature and extent of directors’ interest: Direct beneficial Clearance to deal received: Yes Name of associate: Elderberry Investments 115 Proprietary Limited Name of director and relationship to director: Jacques van Wyk, who is the sole shareholder of Elderberry Investments 115 Proprietary Limited Transaction date: 11 November 2015 Class of securities: Ordinary shares Number of securities: 2 964 351 Price per security: R6.75 Total value: R20 009 369.25 Nature of transaction: Off-market subscription for shares Nature and extent of directors’ interest: Indirect beneficial Name of associate: Redspiced Investments Proprietary Limited Name of director and relationship to director: Gidon Trope, who is a trustee and beneficiary of GT Trust, which owns 100% of Redspiced Investments Proprietary Limited Transaction date: 11 November 2015 Class of securities: Ordinary shares Number of securities: 1 481 481 Price per security: R6.75 Total value: R9 999 996.75 Nature of transaction: Off-market subscription for shares Nature and extent of directors’ interest: Indirect beneficial Name of associate: Spear Edge Investments Proprietary Limited Name of director and relationship to director: Herman Zolty, who is a trustee and beneficiary of HAZ Trust, which owns 100% of Spear Edge Investments Proprietary Limited Transaction date: 11 November 2015 Class of securities: Ordinary shares Number of securities: 1 481 481 Price per security: R6.75 Total value: R9 999 996.75 Nature of transaction: Off-market subscription for shares Nature and extent of directors’ interest: Indirect beneficial Name of associate: Antediluvian Investments Proprietary Limited Name of director and relationship to director: Craig Hallowes, who is a trustee and beneficiary of The Brabazon Trust which owns 100% of Antediluvian Investments Proprietary Limited Transaction date: 11 November 2015 Class of securities: Ordinary shares Number of securities: 1 180 000 Price per security: R6.75 Total value: R7 965 000.00 Nature of transaction: Off-market subscription for shares Nature and extent of directors’ interest: Indirect beneficial Name of associate: Twenty Eight Twelve Investment Properties CC Name of director and relationship to director: Jason Cooper, who is the sole member of Twenty Eight Twelve Investment Properties CC Transaction date: 11 November 2015 Class of securities: Ordinary shares Number of securities: 2 285 149 Price per security: R6.75 Total value: R15 424 755.75 Nature of transaction: Off-market subscription for shares Nature and extent of directors’ interest: Indirect beneficial 17 November 2015 Sponsor Java Capital Date: 17/11/2015 02:52:00 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.