Dealings in securities by a director of the company TOWER PROPERTY FUND LIMITED (Incorporated in the Republic of South Africa) (Registration number 2012/066457/06) JSE share code: TWR ISIN: ZAE000179040 (Approved as a REIT by the JSE) (“Tower” 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 Tower: Name of director: Marc Edwards Transaction date: 20 February 2017 Class of securities: Ordinary shares Number of securities: 1 733 Price per security: R8.45 Total value of transaction: R14 643.85 Nature of transaction: On-market purchase Nature and extent of director’s interest: Direct beneficial Clearance to deal received: Yes Name of director: Marc Edwards Transaction date: 20 February 2017 Class of securities: Ordinary shares Number of securities: 2 250 Price per security: R8.47 Total value of transaction: R19 057.50 Nature of transaction: On-market purchase Nature and extent of director’s interest: Direct beneficial Clearance to deal received: Yes Name of director: Marc Edwards Transaction date: 20 February 2017 Class of securities: Ordinary shares Number of securities: 7 617 Price per security: R8.50 Total value of transaction: R64 744.50 Nature of transaction: On-market purchase Nature and extent of director’s interest: Direct beneficial Clearance to deal received: Yes 21 February 2017 Sponsor Java Capital Date: 21/02/2017 01:15:00 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.