Acceptance by Director of Shares Allocated EMIRA PROPERTY FUND LIMITED Incorporated in the Republic of South Africa (Registration number 2014/130842/06) JSE share code: EMI ISIN: ZAE000203063 (Approved as a REIT by the JSE) (“Emira” or “the Company”) ACCEPTANCE BY DIRECTOR OF SHARES ALLOCATED In compliance with paragraph 3.63 of the Listings Requirements of the JSE Limited, the following information is disclosed in respect of the acceptance by a director of the Company of shares allocated in terms of the Emira Matching Share Co-Investment Plan (“Emira Matching Plan”): Name of director: G Jennett Number and class of shares allocated: 24 000 ordinary shares Issue price: Rnil (Free of charge) Notional value of transaction (based on R366 000 an implied price of R15.25 per share, being the closing price on the date immediate preceding the date of this announcement): Nature and date of transaction: Off-market acceptance of shares acquired by the Company in the market, allocated in terms of the Emira Matching Plan on 13 June 2018, which shares will vest on 27 November 2020 subject to the satisfaction of certain vesting and performance conditions as set out in the Emira Matching Plan contained in the Company’s Remuneration Policy and as approved by shareholders on 27 November 2017. Type of interest: Direct beneficial Clearance to deal obtained: Yes Bryanston 14 June 2018 Sponsor Questco Corporate Advisory Proprietary Limited Date: 14/06/2018 04:10:00 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.