Dealings in securities by an associate of 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 AN ASSOCIATE OF A DIRECTOR OF THE COMPANY Shareholders are advised of the following information relating to dealings in securities by an associate of a director of Tower: Name of associate Hulk Investments (Pty) Ltd Name of director and relationship to director: Marc Edwards, who owns 100% of Hulk Investments (Pty) Ltd Transaction date: 22 February 2017 Class of securities: Ordinary shares Number of securities: 34 996 Price per security: R8.35 Total value of transaction: R292 216.60 Nature of transaction: On-market purchase Nature and extent of director’s interest: Indirect beneficial Name of associate Hulk Investments (Pty) Ltd Name of director and relationship to director: Marc Edwards, who owns 100% of Hulk Investments (Pty) Ltd Transaction date: 22 February 2017 Class of securities: Ordinary shares Number of securities: 4 Price per security: R8.30 Total value of transaction: R33.20 Nature of transaction: On-market purchase Nature and extent of director’s interest: Indirect beneficial 23 February 2017 Sponsor Java Capital Date: 23/02/2017 02:54:00 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.