Director’s Dealings in Securities INVESTEC PROPERTY FUND LIMITED (Incorporated in the Republic of South Africa) (Reg. No: 2008/011366/06) Approved as a REIT by the JSE Share Code: IPF ISIN: ZAE000180915 ("Investec Property Fund" or "the Fund") Director’s Dealings in Securities In compliance with Rules 3.63 - 3.74 of the JSE Limited Listings Requirements, the following information is disclosed: Name : Moses Modidima Ngoasheng Associate : Modidima Properties (Pty) Ltd Designation : Independent Non-Executive Director Nature of transaction : Acquisition of shares, on market Class of shares : Ordinary Nature of interest : Indirect Beneficial Date of transaction : 15 December 2020 Number of shares : 117 459 Purchase price per share : R9.04 Total value of transaction : R1 061 829.36 Clearance to deal obtained : Yes Name : Moses Modidima Ngoasheng Associate : Modidima Properties (Pty) Ltd Designation : Independent Non-Executive Director Nature of transaction : Acquisition of shares, on market Class of shares : Ordinary Nature of interest : Indirect Beneficial Date of transaction : 17 December 2020 Number of shares : 141 440 Purchase price per share : R9.24 Total value of transaction : R1 306 905.60 Clearance to deal obtained : Yes Investec Property Fund Limited Johannesburg 18 December 2020 Sponsor: Investec Bank Limited Date: 18-12-2020 03:41:00 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.