Director's dealings Acucap Properties Limited Incorporated in the Republic of South Africa Registration number 2001/021725/06 Share code: ACP ISIN: ZAE000188660 Approved as a REIT by the JSE (“Acucap” or “the Company”) DIRECTORS’ DEALINGS In compliance with paragraph 3.63 to 3.66 of the JSE Listings Requirements, shareholders are hereby advised of the following dealings in Acucap shares: 1. Dealings in securities by a director of Acucap Name of director: BS Kantor Company: Acucap Type of director: Independent Non-executive Chairman of Acucap Date of disposal of the Acucap securities: 25 February 2015 Nature of transaction: On-market disposal Number and class of securities disposed: 18 000 ordinary shares High price: R56.90 Low price: R56.66 Volume weighted average price: R56.66 Total value: R1 019 964.60 Nature of interest: Direct beneficial Clearance to deal provided: Yes 2. Dealings in securities by an associate of a director of Acucap Name of director: MS Moloko Type of director: Independent non-executive director of Acucap Name of associate: CShell 299 (Pty) Ltd Nature of relationship: Indirect 35% shareholder and director Nature of transaction: Off-market disposal Number and class of securities disposed of: 1 250 000 ordinary shares Date of disposal: 25 February 2015 Price per share: R53.30 Total value: R66 625 000.00 Nature of interest: Indirect beneficial 3. Dealings in securities by a director of a major subsidiary of Acucap Name of director: GR Jones Company: Sycom Property Fund Managers Limited (“SPFM”), the statutory manager of Sycom Property Fund and a wholly-owned subsidiary of Acucap Type of director: Executive director of SPFM Date of disposal of the Acucap securities: 25 February 2015 Nature of transaction: On-market disposal Number and class of securities disposed: 68 288 ordinary shares High price: R56.80 Low price: R56.50 Volume weighted average price: R56.59 Total value: R3 864 383.65 Nature of interest: Direct beneficial Clearance to deal provided: Yes Date of disposal of the Acucap securities: 26 February 2015 Nature of transaction: On-market disposal Number and class of securities disposed: 18 595 ordinary shares Price per share: R56.50 Total value: R1 050 617.50 Nature of interest: Direct beneficial Clearance to deal provided: Yes Cape Town 27 February 2015 Sponsor to Acucap Questco (Pty) Ltd Date: 27/02/2015 05:00:00 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.