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: Zambia Flower Exports Limited Name of director and relationship to director: Andrea Taverna-Turisan, who is a director and holder of an indirect beneficial interest in Zambia Flower Exports Limited Transaction date: 12 December 2017 Class of securities: Ordinary shares Number of securities: 4 341 Price per security: R20.50 Total value: R88 990.50 Nature of transaction: On-market sale Nature and extent of director’s interest: Indirect beneficial Name of associate: Zambia Flower Exports Limited Name of director and relationship to director: Andrea Taverna-Turisan, who is a director and holder of an indirect beneficial interest in Zambia Flower Exports Limited Transaction date: 13 December 2017 Class of securities: Ordinary shares Number of securities: 345 659 Price per security: R20.05 Total value: R6 930 462.95 Nature of transaction: On-market sale Nature and extent of director’s interest: Indirect beneficial Following these disposals Andrea Taverna-Turisan has a combined direct and indirect beneficial interest in 15 161 472 Equites shares. 15 December 2017 Sponsor Java Capital Date: 15/12/2017 12:12:00 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.