VUKILE PROPERTY FUND LIMITED - Dealings in securities by a director and by an associate of a director of the company

Dealings in securities by a director and by an associate of a director of the company

VUKILE PROPERTY FUND LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 2002/027194/06)
JSE share code: VKE NSX share code: VKN
ISIN: ZAE000180865
(Granted REIT status with the JSE)
(“Vukile” or “the company”)


DEALINGS IN SECURITIES BY A DIRECTOR AND BY AN ASSOCIATE OF A DIRECTOR OF THE COMPANY


Shareholders are referred to the announcement released on SENS on 27 February 2018 wherein shareholders were advised
that:

    -   Emma Rapp, who is the spouse of Laurence Rapp a director of Vukile, had entered into a zero-cost collar hedge in
        respect of in aggregate 185 000 Vukile shares in two tranches; and
    -   Laurence Rapp, had entered into a zero-cost collar hedge in respect of in aggregate 562 055 Vukile shares in two
        tranches,
        each having a put strike price of R21.77 and a call strike price of R27.28, with expiry dates of 24 February 2020
        (“the first settlement date”) and 2 March 2020 (collectively “the collars”).

Shareholders are advised that the price of Vukile shares at the first settlement date was lower than the put strike price of
R21.77 and lower than the call strike price of R27.28. As a result thereof neither of the options were exercised and the zero-
cost collars were extended and repriced as detailed below:

 Name of director:                                     Laurence Rapp
 Transaction date:                                     24 February 2020
 Class of securities:                                  Ordinary shares
 Number of securities:                                 562 055
 Nature of transaction:                                Off-market, zero-cost collar hedge over 562 055 ordinary shares
                                                       in Vukile in two tranches with, in each case, a put strike price of
                                                       R15.80 and a call strike price of R24.50 with expiry dates of
                                                       21 February 2022 and 28 February 2022
 Nature and extent of director’s interest:             Direct Beneficial
 Clearance to deal received:                           Yes

 Name of associate:                                    Emma Rapp
 Name of director and relationship to director:        Emma Rapp is the spouse of Laurence Rapp, a director of Vukile
 Transaction date:                                     24 February 2020
 Class of securities:                                  Ordinary shares
 Number of securities:                                 185 000
 Nature of transaction:                                Off-market, zero-cost collar hedge over 185 000 ordinary shares
                                                       in Vukile in two tranches with, in each case, a put strike price of
                                                       R15.80 and a call strike price of R24.50 with expiry dates of
                                                       21 February 2022 and 28 February 2022
 Nature and extent of director’s interest:             N/A

26 February 2020


JSE sponsor                                            NSX sponsor
Java Capital                                           IJG Securities (Pty) Ltd

Date: 26-02-2020 04:20:00
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