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 Vukile’s strategic 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”).

Encha Properties has advised the company of certain upcoming capital and interest commitments to Investec and as a result of this,
Encha Properties intends to dispose of between 5 500 000 and 6 000 000 Vukile shares. Encha Properties remains a long-term
shareholder of Vukile.

Further to the above, shareholders are 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 2 888 637
Vukile shares out of the intended 5 500 000 to 6 000 000 shares.

Name of associate:                                                     Encha Properties
Date of transaction:                                                   20 June 2023
Class of securities:                                                   Ordinary shares
Number of securities:                                                  601 956
Highest traded price per security on the market on the day:            R13.70
Weighted average price per security:                                   R13.57
Lowest traded price per security on the market on the day:             R13.42
Total value of transaction:                                            R8 168 542.92
Nature of transaction:                                                 On-market sale
Nature and extent of director’s interest:                              Direct beneficial
Clearance to deal received:                                            Yes

Name of associate:                                                     Encha Properties
Date of transaction:                                                   21 June 2023
Class of securities:                                                   Ordinary shares
Number of securities:                                                  2 129 467
Highest traded price per security on the market on the day:            R13.52
Weighted average price per security:                                   R13.4794
Lowest traded price per security on the market on the day:             R13.40
Total value of transaction:                                            R28 703 937.48
Nature of transaction:                                                 On-market sale
Nature and extent of director’s interest:                              Direct beneficial
Clearance to deal received:                                            Yes

Name of associate:                                                     Encha Properties
Date of transaction:                                                   22 June 2023
Class of securities:                                                   Ordinary shares
Number of securities:                                                  157 214
Highest traded price per security on the market on the day:            R13.49
Weighted average price per security:                                   R13.4057
Lowest traded price per security on the market on the day:             R13.33
Total value of transaction:                                            R2 107 563.72
Nature of transaction:                                                 On-market sale
Nature and extent of director’s interest:                              Direct beneficial
Clearance to deal received:                                            Yes

23 June 2023


 JSE sponsor                                                            NSX sponsor

 Java Capital                                                           IJG Securities (Pty) Ltd