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 96.16625 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 Wednesday, 30 May 2018 for the year ended 31 March 2018 and the announcement
of the reinvestment price per new share (being R20.30 per share) applicable to Vukile shareholders electing
the share alternative released on SENS on Tuesday, 12 June 2018.

Shareholders holding 84 994 280 Vukile shares or 10.83052% of Vukile shares (prior to the election)
qualifying to receive the cash dividend elected to receive the share alternative, resulting in the issue of
3 857 140 new Vukile shares, retaining R78 299 942.00 (based on the issue price of R20.30 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 R672 944 574.61 is payable today in respect of
699 772 087 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, 25 June 2018 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, 27 June 2018 with their new Vukile shares.

25 June 2018


Corporate advisor and JSE sponsor                   NSX sponsor
Java Capital                                        IJG Securities (Pty) Ltd

Date: 25/06/2018 04:45:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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