Dealing in securities by a director and the company secretary

Vukile Property Fund Limited
(Incorporated in the Republic of South Africa) (Registration number 2002/027194/06)
ISIN: ZAE000056370
JSE Share code: VKE NSX Share code: VKN ("Vukile")
DEALING IN SECURITIES BY A DIRECTOR
In compliance with paragraph 3.63 of the JSE Limited Listings Requirements ("Listings Requirements")
linked unitholders are hereby advised of following dealing in Vukile securities: Name of director: LG Rapp
Company of which he is a director: Vukile Property Fund Limited
Nature of transaction: Purchase of linked units by an associate of LG Rapp
Name of associate: The Laurence Rapp Family Trust
Relationship with director: A family trust of which LG Rapp is a trustee and of which he and his immediate family are beneficiaries
Class of security: Linked units
Date transaction was effected: 12 January 2012
Number of linked units: 4 300
Price per linked unit: R14.50
Total value of transaction: R62 350.00
Trading restrictions: In terms of the encumbrance agreement that forms part of LG Rapp's service contract, the following trading restrictions apply to the linked units acquired:
40% may not be disposed of before 30 August 2013;
30% may not be disposed of before 30 August 2014;
30% may not be disposed of before 30 August 2015; Nature of director's interest: Indirect beneficial
On-market or off-market: On-market
In compliance with paragraph 3.66 of the Listings Requirements, prior clearance to deal in the above securities was obtained. The above trade was completed outside of a closed period.
Roodepoort
13 January 2012
JSE sponsor: One Capital
NSX sponsor: IJG Securities (Pty) Ltd