VUKILE PROPERTY FUND LIMITED - Notification of technical and regulatory amendments to Vukiles ZAR5 000 000 000 Domestic Medium Term Note Programme

Notification of technical and regulatory amendments to Vukile’s ZAR5 000 000 000 Domestic Medium Term Note Programme

VUKILE PROPERTY FUND LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 2002/027194/06)
Company code: VKEI
(Granted REIT status with the JSE)
("Vukile")


NOTIFICATION OF TECHNICAL AND REGULATORY AMENDMENTS TO VUKILE'S ZAR5 000 000 000 DOMESTIC MEDIUM TERM 
NOTE PROGRAMME


Noteholders are advised that Vukile's ZAR5 000 000 000 Domestic Medium Term Note Programme has
been updated by an amended and restated Programme Memorandum, dated 6 December 2018
("Programme Memorandum"), to incorporate certain technical and regulatory changes as further detailed
below:

Changes required by Strate

-    updates to reflect the current method of payment to holders of Beneficial Interests. All amounts to be
     paid in respect of Notes issued in uncertificated form will be paid to the Noteholders in accordance
     with the Applicable Procedures and no longer to Strate;
-    updates where necessary to reflect that Notes issued in uncertificated form are no longer registered in
     the name of Strate and instead, such uncertificated Notes are registered in the name of the relevant
     Noteholder or its Participant; and
-    update to the list of Participants per Strate's list of Participants.

Changes required by the JSE Debt Listings Requirements

-    update to the Programme Memorandum from a technical and regulatory perspective in order to
     comply with the recent amendments to the JSE Debt Listings Requirements;
-    update to "Documents incorporated by reference" section;
-    deletion of "Partly-Paid Note" where it appears in the Programme Memorandum, as debt securities for
     which listing is sought must be freely transferrable and fully paid up;

Legislative changes

-    update to the "Taxation" and "South African Taxation" sections of the Programme Memorandum to
     align with current legislation; and
-    update to the selling restrictions in the "Subscription and Sale" section to make it current.

The Programme Memorandum is available for inspection on Vukile's website http://vukile.co.za/investor-
media/downloads/programme-memorandum/programme-memorandum-6-dec-2018.pdf.

* Capitalised terms and expressions used in this announcement and not otherwise defined herein, shall
  have the meanings ascribed to such terms and conditions in the Programme Memorandum

7 December 2018


Debt Sponsor
Java Capital

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