SA CORPORATE REAL ESTATE LIMITED - Dealing in securities by directors

Dealing in securities by directors

 SA Corporate Real Estate Limited
(Incorporated in the Republic of South Africa)
Share Code: SAC ISIN Code: ZAE000203238
 (Registration number 2015/015578/06)
("SA Corporate")
REIT status approved

DEALING IN SECURITIES BY DIRECTORS

In compliance with rule 3.63 of the JSE Listings Requirements, the following information is disclosed:

Name:                                                 T R Mackey
Office held:                                          Chief Executive Officer

Date of transaction (vesting date):                   9 December 2019
Number of forfeitable performance share awards:       430 806
Price per forfeitable performance share:              R3.1599
Value of transaction:                                 R1 361 303.88
Nature of transaction:                                56.7% vesting of forfeitable performance shares in terms of
                                                      participation in 2016 in SA Corporate’s Forfeitable Share Plan
                                                      (off market)
Nature of interest:                                   Direct Beneficial

Date of transaction:                                  13 December 2019
Number of forfeitable performance share awards:       1 418 549
Price per forfeitable performance share:              R3.22
Value of transaction:                                 R4 567 727.78
Nature of transaction:                                Grant and acceptance of forfeitable performance share awards
                                                      in terms of SA Corporate’s Forfeitable Share Plan (off market)
Vesting period:                                       Vesting date of 17 June 2022 subject to performance
                                                      conditions

Nature of interest:                                   Indirect beneficial, via SA Corporate’s Forfeitable Share Plan
Written clearance to deal received:                   Yes


Name:                                                 A M Basson
Office held:                                          Chief Financial Officer

Date of transaction (vesting date):                   9 December 2019
Number of forfeitable performance share awards:       262 409
Vesting price per forfeitable performance share:      R3.1599
Value of the transaction:                             R829 186.19
Nature of transaction:                                60.2% vesting of forfeitable performance shares in terms of
                                                      participation in 2016 in SA Corporate’s Forfeitable Share Plan
                                                      (off market)
Nature of interest:                                   Direct Beneficial

Date of transaction:                                  13 December 2019
Number of forfeitable performance share awards:       814 479
Price per forfeitable performance share:              R3.22
Value of transaction:                                 R2 622 622.38
Nature of transaction:                                Grant and acceptance of forfeitable performance share awards
                                                      in terms of SA Corporate’s Forfeitable Share Plan (off market)
Vesting period:                                       Vesting date of 17 June 2022 subject to performance
                                                      conditions

Nature of interest:                                   Indirect beneficial, via SA Corporate’s Forfeitable Share Plan
Date of transaction:                                  13 December 2019
Number of matched share awards:                       87 470
Price per share:                                      R3.21845
Value of the transaction:                             R281 517.12
Nature of transaction:                                Award and acceptance of matched share awards in terms of SA
                                                      Corporate’s Forfeitable Share Plan and as calculated by a pre-
                                                      determined formula (off market)
Vesting period:                                       Matched shares vest in equal proportions over 3, 4 and 5 years,
                                                      subject to employment.
Nature of interest:                                   Indirect beneficial, via SA Corporate’s Forfeitable Share Plan

Written clearance to deal received:                   Yes


Cape Town
13 December 2019

Sponsor
Nedbank Corporate and Investment Banking

Date: 13-12-2019 01:48:00
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