Dealings in securities by an associate of a director of Equites EQUITES PROPERTY FUND LIMITED (Incorporated in the Republic of South Africa) (Registration number 2013/080877/06) JSE share code: EQU ISIN: ZAE000188843 (Approved as a REIT by the JSE) (“Equites”) DEALINGS IN SECURITIES BY AN ASSOCIATE OF A DIRECTOR OF EQUITES Shareholders are advised of the following information relating to dealings in securities by an associate of a director of Equites: Name of associate: The Hannteag Trust (“the Trust”) Name of director and relationship to director: Kevin Dreyer, who is a trustee and beneficiary of the Trust Transaction date: 22 August 2017 Class of securities: Ordinary shares Number of securities: 275 787 Highest traded price per security:* R18.99 Weighted average price per security: R18.50050 Lowest traded price per security:* R18.43 Total value: R5 102 197.39 Nature of transaction: On-market sale Nature and extent of director’s interest: Indirect beneficial Name of associate: The Trust Name of director and relationship to director: Kevin Dreyer, who is a trustee and beneficiary of the Trust Transaction date: 24 August 2017 Class of securities: Ordinary shares Number of securities: 164 213 Highest traded price per security:* R18.75 Weighted average price per security: R18.50090 Lowest traded price per security:* R18.37 Total value: R3 038 088.29 Nature of transaction: On-market sale Nature and extent of director’s interest: Indirect beneficial *Highest and lowest traded prices per security on the market on the day. 7 September 2017 Sponsor Java Capital Date: 07/09/2017 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.