Dealings in securities by a director 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 A DIRECTOR OF THE COMPANY Shareholders are advised of the following information relating to dealings in securities by a director 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: Laurence Rapp Date of transaction: 26 August 2016 Class of securities: Ordinary shares Number of securities: 232 463 Price per security: R17.25 Total value of transaction: R4 009 986.75 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: 30 August 2016 Class of securities: Ordinary shares Number of securities: 93 386 Lowest traded price per security: R17.61 Total value of transaction: R1 644 527.46 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 31 August 2016 JSE sponsor Java Capital NSX sponsor IJG Securities (Pty) Ltd Date: 31/08/2016 04:05:00 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.