Dealings in securities by directors and by the company secretary of the company 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”) DEALINGS IN SECURITIES BY DIRECTORS AND BY THE COMPANY SECRETARY OF THE COMPANY Shareholders are referred to the declaration of a cash dividend for the six months ended 31 March 2016, with an election to reinvest the cash dividend in return for shares, the results of which were announcement on Monday, 20 June 2016 (the “share alternative”). Shareholders are hereby advised that Sanlam Capital Markets Limited, as hedge facilitator, has facilitated the reinvestment of dividend proceeds of Vukile shares held under the Vukile Conditional Share Plan, which shares vest in the scheme participants on the Vesting Date subject to, inter alia, the achievement of certain performance criteria. Name of director: Mike Potts Transaction date: 20 June 2016 Class of securities: Ordinary shares Number of securities: 8 851 Price per security: R16.15901 Total value of transaction: R143 023.40 Nature of transaction: Off-market reinvestment in terms of share alternative Nature and extent of director’s interest: Indirect beneficial Vesting date: 1 July 2016 Clearance to deal received: Yes Name of director: Laurence Rapp Transaction date: 20 June 2016 Class of securities: Ordinary shares Number of securities: 20 904 Price per security: R16.15901 Total value of transaction: R337 787.95 Nature of transaction: Off-market reinvestment in terms of share alternative Nature and extent of director’s interest: Indirect beneficial Vesting date: Between July 2016 and August 2016 Clearance to deal received: Yes Name of director: Ina Lopion Transaction date: 20 June 2016 Class of securities: Ordinary shares Number of securities: 6 162 Price per security: R16.15901 Total value of transaction: R99 571.82 Nature of transaction: Off-market reinvestment in terms of share alternative Nature and extent of director’s interest: Indirect beneficial Vesting date: 1 July 2016 Clearance to deal received: Yes Name of company secretary: Johann Neethling Transaction date: 20 June 2016 Class of securities: Ordinary shares Number of securities: 1 104 Price per security: R16.15901 Total value of transaction: R17 839.55 Nature of transaction: Off-market reinvestment in terms of share alternative Nature and extent of company secretary’s interest: Indirect beneficial Vesting date: 1 July 2016 Clearance to deal received: Yes Shareholders are further advised of the following information relating to dealings in securities by directors of Vukile, pursuant to the vesting of shares under Vukile’s Conditional Share Plan (the “CSP”) and in order to settle the tax liability due in respect of the shares vested under the CSP: Name of director: Mike Potts Date of transaction: 21 June 2016 Class of securities: Ordinary shares Number of securities: 78 566 Price per security: R16.19 Total value of transaction: R1 271 983.54 Nature of transaction: Off-market vesting of shares under the CSP Nature and extent of director’s interest: Direct beneficial Clearance to deal received: Vesting of shares occurs automatically in terms of the CSP and no clearance is sought or received Name of director: Mike Potts Date of transaction: 21 June 2016 Class of securities: Ordinary shares Number of securities: 32 201 Highest traded price per security: R16.85 Weighted average price per security: R16.19568 Lowest traded price per security: R15.94 Total value of transaction: R521 517.09 Nature of transaction: On-market sale in order to settle tax liability due in respect of shares vested under the CSP Nature and extent of director’s interest: Direct beneficial Clearance to deal received: Yes Name of director: Laurence Rapp Date of transaction: 21 June 2016 Class of securities: Ordinary shares Number of securities: 152 253 Price per security: R16.19 Total value of transaction: R2 464 976.07 Nature of transaction: Off-market vesting of shares under the CSP Nature and extent of director’s interest: Direct beneficial Clearance to deal received: Vesting of shares occurs automatically in terms of the CSP and no clearance is sought or received Name of director: Laurence Rapp Date of transaction: 21 June 2016 Class of securities: Ordinary shares Number of securities: 62 402 Highest traded price per security: R16.85 Weighted average price per security: R16.19568 Lowest traded price per security: R15.94 Total value of transaction: R1 010 642.82 Nature of transaction: On-market sale in order to settle tax liability due in respect of shares vested under the CSP Nature and extent of director’s interest: Direct beneficial Clearance to deal received: Yes Name of director: Ina Lopion Date of transaction: 21 June 2016 Class of securities: Ordinary shares Number of securities: 70 456 Price per security: R16.19 Total value of transaction: R1 140 682.64 Nature of transaction: Off-market vesting of shares under the CSP Nature and extent of director’s interest: Direct beneficial Clearance to deal received: Vesting of shares occurs automatically in terms of the CSP and no clearance is sought or received Name of director: Ina Lopion Date of transaction: 21 June 2016 Class of securities: Ordinary shares Number of securities: 28 877 Highest traded price per security: R16.85 Weighted average price per security: R16.19568 Lowest traded price per security: R15.94 Total value of transaction: R467 682.65 Nature of transaction: On-market sale in order to settle tax liability due in respect of shares vested under the CSP Nature and extent of director’s interest: Direct beneficial Clearance to deal received: Yes Name of director: Johann Neethling Date of transaction: 21 June 2016 Class of securities: Ordinary shares Number of securities: 27 903 Price per security: R16.19 Total value of transaction: R451 749.57 Nature of transaction: Off-market vesting of shares under the CSP Nature and extent of director’s interest: Direct beneficial Clearance to deal received: Vesting of shares occurs automatically in terms of the CSP and no clearance is sought or received Name of director: Johann Neethling Date of transaction: 21 June 2016 Class of securities: Ordinary shares Number of securities: 11 436 Highest traded price per security: R16.85 Weighted average price per security: R16.19568 Lowest traded price per security: R15.94 Total value of transaction: R185 213.80 Nature of transaction: On-market sale in order to settle tax liability due in respect of shares vested under the CSP Nature and extent of director’s interest: Direct beneficial Clearance to deal received: Yes 22 June 2016 JSE sponsor NSX sponsor Java Capital IJG Securities (Pty) Ltd Date: 22/06/2016 04:02:00 Produced by the JSE SENS Department. 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