Results Of Dividend Re-Investment Alternative VUKILE PROPERTY FUND LIMITED (Incorporated in the Republic of South Africa) (Registration number 2002/027194/06) JSE share code: VKE NSX share code: VKN ISIN: ZAE000180865 (Granted REIT status with the JSE) (“Vukile” or “the company”) RESULTS OF DIVIDEND RE-INVESTMENT ALTERNATIVE Shareholders are referred to the declaration of a final cash dividend of 83.12600 cents per share (the “cash dividend”) with an election to reinvest the dividend in return for Vukile shares (the “share alternative”) announced on SENS on Thursday, 26 May 2016 for the six months ended 31 March 2016 and the announcement of the reinvestment price per new share (being R16.15901 per share) applicable to Vukile shareholders electing the share alternative released on SENS on Thursday, 2 June 2016. Shareholders holding 379 255 190 Vukile shares or 56.49% of Vukile shares (prior to the election) qualifying to receive the cash dividend elected to receive the share alternative, resulting in the issue of 19 307 492 new Vukile shares, retaining R311 989 956.30 (based on the issue price of R16.15901 per new share after accounting for the applicable dividend withholding tax in respect of non-resident shareholders) in new equity for Vukile. Accordingly, a total cash dividend of R246 064 742 is payable today in respect of 296 014 174 Vukile shares. Certificated shareholders who did not elect the share alternative in respect of some or all of their shares and who have provided their bank details to Vukile’s transfer secretaries will have their bank accounts credited on 20 June 2016. Share certificates in respect of certificated shareholders who did elect the share alternative in respect of some or all of their shares will be posted on Wednesday, 22 June 2016 to certificated shareholders at their risk. The Central Securities Depository Participants or broker custody accounts of dematerialised shareholders who did not elect the share alternative in respect of some or all of their shares will be credited with the cash dividend on 20 June 2016 and the Central Securities Depository Participants or broker custody accounts of dematerialised shareholders who did elect the share alternative in respect of some or all of their shares will be credited on Wednesday, 22 June 2016 with their new Vukile shares. 20 June 2016 Corporate advisor and sponsor Java Capital Date: 20/06/2016 12:20:00 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.