Dealings in securities by a director and by an associate of a director of the company EQUITES PROPERTY FUND LIMITED (Incorporated in the Republic of South Africa) (Registration number 2013/080877/06) JSE share code: EQU ISIN: ZAE000188843 (Approved as a REIT by the JSE) ("Equites" or "the company") DEALINGS IN SECURITIES BY A DIRECTOR AND BY AN ASSOCIATE OF A DIRECTOR OF THE COMPANY Shareholders are advised that Riaan Gous has donated Equites shares to his wife giving rise to the following transactions: Name of director: Riaan Gous Transaction date: 4 December 2018 Class of securities: Ordinary shares Number of securities: 300 000 Market price per security: R18.91 Total deemed value: R5 673 000.00 Nature of transaction: Off-market donation by director to his wife Nature and extent of director's interest: Direct beneficial Clearance to deal received: Yes Name of associate: Nicola Gous Name of director: Riaan Gous Relationship to director: Wife Transaction date: 4 December 2018 Class of securities: Ordinary shares Number of securities: 300 000 Market price per security: R18.91 Total deemed value: R5 673 000.00 Nature of transaction: Off-market receipt of donation from husband Nature and extent of director's interest: Not applicable 5 December 2018 Sponsor Java Capital Date: 05/12/2018 01:16:00 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.