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Tue 15 Jul 2008, 16:05 VKE - Vukile Property Fund Limited - Directors` dealings
VKE
VKE                                                                             
VKE - Vukile Property Fund Limited - Directors` dealings                        
Vukile Property Fund Limited                                                    
(Incorporated in the Republic of South Africa)                                  
(Registration number 2002/027194/06)                                            
JSE Share code: VKE    ISIN: ZAE000056370                                       
NSX Share code: VKN                                                             
("Vukile")                                                                      
DIRECTORS` DEALINGS                                                             
In compliance with paragraph 3.63 to 3.65 of the Listings Requirements of the   
JSE Limited ("Listings Requirements"), we hereby advise that certain directors  
may derive a beneficial interest in a new retention scheme, the details of which
were announced on March 27 2008. It has also been announced that Sanlam Capital 
Markets (Pty) Ltd ("SCM") has acquired shares on behalf of the retention scheme.
The release of the units so acquired by SCM, to a director referred to below, on
1 July 2010 is conditional on the director being employed by the company on that
date. In order to comply with the Listings Requirements the directors` potential
interest in these dealings are disclosed below:                                 
  Name of director                         Gerhard van Zyl                      
  Category of director                     Executive                            
Potential interest in retention scheme   67.638%                              
  Name of director                         Michael John Potts                   
  Category of director                     Executive                            
  Potential interest in retention scheme   30.061%                              

  Transactions effected by SCM                                                  
                                                                                
  Date of transaction                      26 March 2008                        
Nature of transaction                    Acquisition                          
  Number of linked units                   340 000                              
  Price of linked units                    986.94c                              
  Total value of securities                R3 355 596                           
Class of securities                      Linked Units                         
  Interest                                 Potential Indirect                   
                                           Beneficial                           
  Clearance in terms of paragraph 3.66 of  Yes                                  
the Listings Requirements of the JSE                                          
                                                                                
  Date of transaction                      27 March 2008                        
  Nature of transaction                    Acquisition                          
Number of linked units                   310 000                              
  Price of linked units                    1 037.1c                             
  Total value of securities                R3 215 010                           
  Class of securities                      Linked Units                         
Interest                                 Potential Indirect                   
                                           Beneficial                           
  Clearance in terms of paragraph 3.66 of  Yes                                  
  the Listings Requirements of the JSE                                          

  Date of transaction                      28 March 2008                        
  Nature of transaction                    Acquisition                          
  Number of linked units                   422 000                              
Price of linked units                    1 034.59c                            
  Total value of securities                R4 365 969.80                        
  Class of securities                      Linked Units                         
  Interest                                 Potential Indirect                   
Beneficial                           
  Clearance in terms of paragraph 3.66 of  Yes                                  
  the Listings Requirements of the JSE                                          
                                                                                
Date of transaction                      31 March 2008                        
  Nature of transaction                    Acquisition                          
  Number of linked units                   246 332                              
  Price of linked units                    1 021.59c                            
Total value of securities                R2 516 503.07                        
  Class of securities                      Linked Units                         
  Interest                                 Potential Indirect                   
                                           Beneficial                           
Clearance in terms of paragraph 3.66 of  Yes                                  
  the Listings Requirements of the JSE                                          
                                                                                
Johannesburg                                                                    
15 July 2008                                                                    
JSE Sponsor:                                                                    
Barnard Jacobs Mellet Corporate Finance (Pty) Ltd                               
NSX Sponsor                                                                     
IJG Securities (Pty) Limited                                                    
Date: 15/07/2008 16:05:01 Produced by the JSE SENS Department.                  
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