Sharenet Sites 
Sharenet Sites
Dealings in Securities
SA CORPORATE REAL ESTATE LIMITED
Incorporated in the Republic of South Africa
(Registration number 2015/015578/06)
Share code: SAC ISIN: ZAE000203238
(Approved as a REIT by the JSE)
("SA Corporate")
DEALINGS IN SECURITIES
In compliance with paragraphs 3.63 to 3.74 of the JSE Limited Listings Requirements, SA Corporate
hereby announces the following transactions in securities by directors of SA Corporate, the Company
Secretary, and a director of a major subsidiary of SA Corporate:
Name: TR Mackey
Designation: Chief Executive Officer
Class of securities: Ordinary shares
Nature of transaction: Off market vesting of 98.3% of one-third of forfeitable
performance shares awarded in 2022, 98.3% vesting of
one-third of forfeitable performance shares awarded in
2023 and 98.3% vesting of one-third of forfeitable
performance shares aware in 2024 in terms of SA
Corporate's Forfeitable Share Plan ("FSP")
Date of transaction: 17 June 2025
Number of forfeitable performance shares: 3 334 674
Vesting price per forfeitable performance R 3.0009
share:
Value of the transaction: R 10 007 023.21
Nature of transaction: On market sale of ordinary shares to settle tax
obligations arising from the vesting of the above shares
Date of transaction: 17 June 2025
Number of securities sold: 1 500 603
Price per security: R 3.1493
Value of the transaction: R 4 725 849.03
Nature of transaction: Off market acceptance of forfeitable performance share
awards in terms of the FSP
Date of transaction: 17 June 2025
Number of forfeitable performance shares 2 698 737
awarded:
Price per forfeitable performance share award: R 3.0009
Value of the transaction: R 8 098 639.86
Vesting period: Vesting date of 19 June 2028 subject to the fulfilment of
performance conditions
Nature of interest: Direct beneficial
Clearance to deal obtained: Yes
Name: SY Moodley
Designation: Chief Financial Officer
Class of securities: Ordinary shares
Nature of transaction: Off market vesting of 96.2% forfeitable performance
shares awarded in 2022 in terms of the FSP
Date of transaction: 17 June 2025
Number of forfeitable performance shares: 1 566 132
Vesting price per forfeitable performance R 3.0009
share:
Value of the transaction: R 4 699 805.52
Nature of transaction: On market sale of ordinary shares.
Date of transaction: 17 June 2025
Number of securities sold: 1 135 446
Price per security: R 3.1493
Value of the transaction: R 3 575 860.09
Nature of transaction: Off market acceptance of forfeitable performance share
awards in terms of the FSP
Date of transaction: 17 June 2025
Number of forfeitable performance shares 1 355 575
awarded:
Price per forfeitable performance share award: R 3.0009
Value of the transaction: R 4 067 945.02
Vesting period: Vesting date of 19 June 2028 subject to the fulfilment of
performance conditions
Nature of interest: Direct beneficial
Clearance to deal obtained: Yes
Name: J Grove
Designation: Company Secretary
Class of securities: Ordinary shares
Nature of transaction: Off market vesting of 100% forfeitable performance
shares awarded in 2022 in terms of the FSP
Date of transaction: 17 June 2025
Number of forfeitable performance shares: 354 713
Vesting price per forfeitable performance R 3.0009
share:
Value of the transaction: R 1 064 458.24
Nature of transaction: On market sale of ordinary shares.
Date of transaction: 17 June 2025
Number of securities sold: 354 713
Price per security: R 3.1493
Value of the transaction: R 1 117 097.65
Nature of transaction: Off market acceptance of forfeitable performance share
awards in terms of the FSP
Date of transaction: 17 June 2025
Number of forfeitable performance shares 295 235
awarded:
Price per forfeitable performance share award: R 3.0009
Value of the transaction: R 885 970.71
Vesting period: Vesting date of 19 June 2028 subject to the fulfilment of
performance conditions
Nature of interest: Direct beneficial
Clearance to deal obtained: Yes
Name: K van den Heever
Designation: Director of a major subsidiary, Afhco Holdings (Pty) Ltd
Class of securities: Ordinary shares
Nature of transaction: Off market vesting of 100% forfeitable performance
shares awarded in 2022 in terms of the FSP
Date of transaction: 17 June 2025
Number of forfeitable performance shares: 915 389
Vesting price per forfeitable performance R 3.0009
share:
Value of the transaction: R 2 746 990.85
Nature of transaction: On market sale of ordinary shares to settle tax
obligations arising from the vesting of the above shares
Date of transaction: 17 June 2025
Number of securities sold: 411 925
Price per security: R 3.1493
Value of the transaction: R 1 297 275.40
Nature of transaction: Off market acceptance of forfeitable performance share
awards in terms of the FSP
Date of transaction: 17 June 2025
Number of forfeitable performance shares 866 682
awarded:
Price per forfeitable performance share award: R 3.0009
Value of the transaction: R 2 600 826.01
Vesting period: Vesting date of 19 June 2028 subject to the fulfilment of
performance conditions
Nature of interest: Direct beneficial
Clearance to deal obtained: Yes
18 June 2025
Johannesburg
Sponsor
Nedbank Corporate and Investment Banking, a division of Nedbank Limited
Date: 18-06-2025 03:00:00
Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.
