Director’s Dealings in Securities INVESTEC PROPERTY FUND LIMITED (Incorporated in the Republic of South Africa) (Reg. No: 2008/011366/06) Approved as a REIT by the JSE Share Code: IPF ISIN: ZAE000180915 ("Investec Property Fund" or "the Fund") Director’s Dealings in Securities In compliance with Rules 3.63 - 3.74 of the JSE Limited Listings Requirements, the following information is disclosed: Name : Nicholas P Riley Designation : Executive Director Nature of transaction : On-market acquisition of shares Class of shares : Ordinary Nature of interest : Direct Beneficial Date of transaction : 20 June 2016 Number of shares : 4 900 Price per share : R14.05 Total value of transaction : R68 845.00 Clearance to deal obtained : Yes Name : Nicholas P Riley Designation : Executive Director Nature of transaction : On-market acquisition of shares Class of shares : Ordinary Nature of interest : Direct Beneficial Date of transaction : 21 June 2016 Number of shares : 180 100 Highest price per share : R14.15 Lowest price per share : R14.10 Volume weighted average price per share : R14.1384 Total value of transaction : R2 546 325.84 Clearance to deal obtained : Yes Investec Property Fund Limited Johannesburg 21 June 2016 Sponsor: Investec Bank Limited Date: 21/06/2016 04:30:00 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.