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
Debt company code: VKEI
(Granted REIT status with the JSE)
(“Vukile” or “the company”)


DEALINGS IN SECURITIES BY AN ASSOCIATE OF A DIRECTOR


Shareholders are referred to the SENS announcement dated 12 May 2020, in which shareholders were advised that Vukile's black
empowerment investor, Encha Properties Equity Investments Proprietary Limited ("Encha Properties") announced certain
amendments to their loan and security arrangements with Investec Bank Limited ("Investec"). Shareholders are further referred to the
SENS announcement dated 23 June 2023, in which shareholders were advised that, whilst Encha Properties remains a long-term
strategic shareholder in Vukile, it does intend to dispose of between 5 500 000 and 6 000 000 Vukile shares in order to meet certain
upcoming capital and interest commitments to Investec.

Further to the above, shareholders are now advised of the following transactions that have been undertaken by Encha Properties, an
associate of Dr Sedise Moseneke, a non-executive director of Vukile. Following these transactions, Encha Properties has disposed of
4 792 000 Vukile shares out of the intended 5 500 000 to 6 000 000 shares.

Name of associate:                                                   Encha Properties
Date of transaction:                                                 6 July 2023
Class of securities:                                                 Ordinary shares
Number of securities:                                                346 495
Highest traded price per security on the market on the day:          R12.50
Weighted average price per security:                                 R12.2465
Lowest traded price per security on the market on the day:           R11.89
Total value of transaction:                                          R4 243 351.02
Nature of transaction:                                               On-market sale
Nature and extent of director’s interest:                            Indirect beneficial
Clearance to deal received:                                          Yes

Name of associate:                                                   Encha Properties
Date of transaction:                                                 7 July 2023
Class of securities:                                                 Ordinary shares
Number of securities:                                                472 191
Highest traded price per security on the market on the day:          R12.25
Weighted average price per security:                                 R12.0705
Lowest traded price per security on the market on the day:           R11.98
Total value of transaction:                                          R5 699 581.47
Nature of transaction:                                               On-market sale
Nature and extent of director’s interest:                            Indirect beneficial
Clearance to deal received:                                          Yes

11 July 2023


 JSE sponsor                                                         NSX sponsor

 Java Capital                                                        IJG Securities (Pty) Ltd