VUKILE PROPERTY FUND LIMITED - Dealings in securities by an associate of a director

Dealings in securities by an associate of a director

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
Debt company code: VKEI
(Granted REIT status with the JSE)
("Vukile" or "the company")


DEALINGS IN SECURITIES BY AN ASSOCIATE OF A DIRECTOR


Shareholders are referred to the SENS announcement dated 12 May 2020, in which shareholders were advised that Vukile's
black empowerment investor, Encha Properties Equity Investments Proprietary Limited ("Encha Properties") announced
certain amendments to their loan and security arrangements with Investec Bank Limited ("Investec"). Shareholders are
further referred to the SENS announcement dated 24 August 2022, in which shareholders were advised that, whilst Encha
Properties remains a long-term strategic shareholder in Vukile, it does intend to dispose of 5 500 000 Vukile shares in order
to reduce its loan capital balance with Investec, as previously committed to. Prior to the transaction detailed below, Encha
Properties has disposed of 5 443 851 Vukile shares out of the intended 5 500 000 shares.

Shareholders are now advised of the transaction below that has been undertaken by Encha Properties, an associate of
Dr Sedise Moseneke, a non-executive director of Vukile. Following this transaction, Encha Properties has now completed
its disposal programme described above and does not intend to dispose of any further Vukile shares.

Name of associate:                                               Encha Properties
Date of transaction:                                             13 December 2022
Class of securities:                                             Ordinary shares
Number of securities:                                            80 000
Price per security:                                              R13.00
Total value of transaction:                                      R1 040 000
Nature of transaction:                                           On-market sale
Clearance to deal received:                                      N/A

15 December 2022


JSE sponsor                                                      NSX sponsor
Java Capital                                                     IJG Securities (Pty) Ltd

Date: 15-12-2022 11:25:00
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