Dealings in securities by directors and by associates of directors of Equites 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 DIRECTORS AND BY ASSOCIATES OF DIRECTORS OF EQUITES Shareholders are referred to the declaration of a cash dividend for the six months ended 29 February 2020, with an election to reinvest the cash dividend in return for Equites shares, the results of which were announced on Monday, 25 May 2020 (the “dividend reinvestment alternative”). Shareholders are hereby advised of the following information relating to dealings in securities by directors and by associates of directors of Equites in terms of the dividend reinvestment alternative: Name of director: Riaan Gous Transaction date: 22 May 2020 Class of securities: Ordinary shares Number of securities: 36 499 Price per security: R15.32 Total value: R559 164.68 Nature of transaction: Off-market reinvestment in terms of the dividend reinvestment alternative Nature and extent of director’s interest: Direct beneficial Clearance to deal received: Yes Name of associate: GRG Investments Proprietary Limited (“GRG Investments”) Name of director and relationship to director: Riaan Gous who is a director and sole shareholder of GRG Investments Transaction date: 22 May 2020 Class of securities: Ordinary shares Number of securities: 96 648 Price per security: R15.32 Total value: R1 480 647.36 Nature of transaction: Off-market reinvestment in terms of the dividend reinvestment alternative Nature and extent of director’s interest: Indirect beneficial Clearance to deal received: Yes Name of director: Andre Gouws Transaction date: 22 May 2020 Class of securities: Ordinary shares Number of securities: 104 Price per security: R15.32 Total value: R1 593.28 Nature of transaction: Off-market reinvestment in terms of the dividend reinvestment alternative Nature and extent of director’s interest: Direct beneficial Clearance to deal received: Yes Name of associate: Henlizer Investments Proprietary Limited (“Henlizer”) Name of director and relationship to director: Andre Gouws who is a director of Henlizer and a beneficiary of The Henlizer Trust which owns 100% of Henlizer Transaction date: 22 May 2020 Class of securities: Ordinary shares Number of securities: 21 124 Price per security: R15.32 Total value: R323 619.68 Nature of transaction: Off-market reinvestment in terms of the dividend reinvestment alternative Nature and extent of director’s interest: Indirect beneficial Clearance to deal received: Yes 2 Name of associate: Chandians Investments Proprietary Limited (“Chandians”) Name of director and relationship to director: Andre Gouws who is a director of Chandians and a beneficiary of The Henlizer Trust which owns 100% of Chandians Transaction date: 22 May 2020 Class of securities: Ordinary shares Number of securities: 331 538 Price per security: R15.32 Total value: R5 079 162.16 Nature of transaction: Off-market reinvestment in terms of the dividend reinvestment alternative Nature and extent of director’s interest: Indirect beneficial Clearance to deal received: Yes Name of director: Nazeem Khan Transaction date: 22 May 2020 Class of securities: Ordinary shares Number of securities: 5 752 Price per security: R15.32 Total value: R88 120.64 Nature of transaction: Off-market reinvestment in terms of the dividend reinvestment alternative Nature and extent of director’s interest: Direct beneficial Clearance to deal received: Yes Name of director: Ruth Benjamin-Swales Transaction date: 22 May 2020 Class of securities: Ordinary shares Number of securities: 1 725 Price per security: R15.32 Total value: R26 427.00 Nature of transaction: Off-market reinvestment in terms of the dividend reinvestment alternative Nature and extent of director’s interest: Direct beneficial Clearance to deal received: Yes Name of associate: Phillip Swales Name of director: Ruth Benjamin-Swales Relationship to director: Husband Transaction date: 22 May 2020 Class of securities: Ordinary shares Number of securities: 287 Price per security: R15.32 Total value: R4 396.84 Nature of transaction: Off-market reinvestment in terms of the dividend reinvestment alternative Nature and extent of director’s interest: Not applicable Shareholders are further advised of the following dealings in securities by an associate of a director of Equites: Name of associate: Chiluan Holdings Proprietary Limited (“Chiluan”) Name of director and relationship to director: Andrea Taverna-Turisan who is a director of Chiluan and who holds an indirect beneficial interest in Chiluan via trusts of which he is a beneficiary or potential beneficiary Transaction date: 20 May 2020 Class of securities: Ordinary shares Number of securities: 800 000 Highest traded price per security on the market on R17.10 the day: Weighted average price per security: R16.5116 Lowest traded price per security on the market on R16.26 the day: Total value: R13 209 280.00 Nature of transaction: On-market sale Nature and extent of director’s interest: Indirect beneficial Clearance to deal received: Yes 3 Name of associate: Zambia Flower Export Limited (“Zambia Flower”) Name of director and relationship to director: Andrea Taverna-Turisan who holds an indirect beneficial interest in Zambia Flower Transaction date: 20 May 2020 Class of securities: Ordinary shares Number of securities: 400 000 Price per security: R16.50 Total value: R6 600 000.00 Nature of transaction: On-market sale Nature and extent of director’s interest: Indirect beneficial Clearance to deal received: Yes 25 May 2020 Corporate advisor and sponsor Java Capital Date: 25-05-2020 05:20:00 Produced by the JSE SENS Department. 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