VUKILE PROPERTY FUND LIMITED - Results of dividend re-investment alternative

Results of dividend re-investment alternative

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”)

RESULTS OF DIVIDEND RE-INVESTMENT ALTERNATIVE

Shareholders are referred to the declaration of an interim cash dividend of 72.65350 cents per share (the “cash
dividend”) with an election to reinvest the dividend in return for Vukile shares (the “share alternative”) announced on
SENS on Monday, 27 November 2017 for the six months ended 30 September 2017 and the announcement of the
reinvestment price per new share (being R19.27147 per share) applicable to Vukile shareholders electing the share
alternative released on SENS on Tuesday, 5 December 2017.

Shareholders holding 343 417 198 Vukile shares or 45.3% of Vukile shares (prior to the election) qualifying to receive
the cash dividend elected to receive the share alternative, resulting in the issue of 12 126 352 new Vukile shares,
retaining R233 692 628.78 (based on the issue price of R19.27147 per new share after accounting for the applicable
dividend withholding tax in respect of non-resident shareholders) in new equity for Vukile. Accordingly, a total cash
dividend of R315 103 316.70 is payable today in respect of 433 707 002 Vukile shares.

The Central Securities Depository Participants or broker custody accounts of dematerialised shareholders who did not
elect the share alternative in respect of some or all of their shares will be credited with the cash dividend on Monday.
18 December 2017 and the Central Securities Depository Participants or broker custody accounts of dematerialised
shareholders who did elect the share alternative in respect of some or all of their shares will be credited on Wednesday,
20 December 2017 with their new Vukile shares.

18 December 2017

Corporate advisor and sponsor

Java Capital

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