Dealings in securities 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 AN ASSOCIATE OF A DIRECTOR OF THE COMPANY 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 the dealing in securities by an associate of a director of Equites in terms of the dividend reinvestment alternative: Name of associate: The Hannteag Trust (“the Trust”) Name of director and relationship to director: Kevin Dreyer, who is a trustee and beneficiary of the Trust Transaction date: 22 May 2020 Class of securities: Ordinary shares Number of securities: 206 280 Price per security: R15.32 Total value: R3 160 209.60 Nature of transaction: Off-market reinvestment in terms of the dividend reinvestment alternative Nature and extent of director’s interest: Indirect beneficial Shareholders are further advised of the following dealings in securities by an associate of a director of Equites: Name of associate: The Trust Name of director and relationship to director: Kevin Dreyer, who is a trustee and beneficiary of the Trust Transaction date: 27 May 2020 Class of securities: Ordinary shares Number of securities: 198 600 Price per security: R16.69 Total value: R3 314 634.00 Nature of transaction: On-market sale Nature and extent of director’s interest: Indirect beneficial Name of associate: The Trust Name of director and relationship to director: Kevin Dreyer, who is a trustee and beneficiary of the Trust Transaction date: 27 May 2020 Class of securities: Ordinary shares Number of securities: 1 400 Price per security: R16.70 Total value: R23 380.00 Nature of transaction: On-market sale Nature and extent of director’s interest: Indirect beneficial 27 May 2020 Sponsor Java Capital Date: 27-05-2020 05:45:00 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.