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Tue 31 May 2011, 14:51 VKE - Vukile Property Fund Limited - Dealings in securities by directors and
VKE
VKE                                                                             
VKE - Vukile Property Fund Limited - Dealings in securities by directors and    
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")                                                                      
DEALINGS IN SECURITIES BY DIRECTORS AND COMPANY SECRETARY                       
In compliance with paragraph 3.63 of the JSE Limited Listings Requirements      
("Listings Requirements"), unitholders are hereby advised that Sanlam Capital   
Markets (Pty) Limited ("SCM") has utilised the Vukile distribution paid in      
December 2010 to acquire the following linked units in terms of the Vukile Staff
Retention Scheme ("Scheme") which receipt by participants is conditional, inter 
alia, on the achievement of certain pre-determined performance criteria:        
Name of director:                            G van Zyl                          
Name of company:                             Vukile                             
Date on which transaction was effected:      27 May 2011                        
Nature of transaction:                       Purchase                           
Class of security:                           Linked units                       
Number of linked units:                      22 825                             
Price per linked unit:                        R14.7921                          
Total value of transaction:                  R337 629.68                        
Vesting period:     vesting of the linked units was accelerated pro- rata to 30 
September 2011                                                                  
Nature of directors interest:               Indirect non-beneficial             
Confirmation of on-market or off-market:     on-market                          
Name of director:                            M J Potts                          
Name of company:                             Vukile                             
Date on which transaction was effected:      27 May 2011                        
Nature of transaction:                       Purchase                           
Class of security:                           Linked units                       
Number of linked units:                      13 621                             
Price per linked unit:                       R14.7921                           
Total value of transaction:                  R201 483.19                        
Vesting period:     9 932 linked units vesting on 1 July 2012 and  3 689 linked 
units vesting on 1 July 2013                                                    
Nature of directors interest:               Indirect non-beneficial             
Confirmation of on-market or off-market:     on-market                          
Name of director:                            H C Lopion                         
Name of company:                             Vukile                             
Date on which transaction was effected:      27 May 2011                        
Nature of transaction:                       Purchase                           
Class of security:                           Linked units                       
Number of linked units:                      2 746                              
Price per linked unit:                       R14.7921                           
Total value of transaction:                  R40 619.12                         
Vesting period:     557 linked units vesting on 1 June 2011, 514 linked units   
vesting on 1 June 2012, 127 linked units vesting on 1 June 2013 and 1 548 linked
units vesting on 1 July 2014                                                    
Nature of directors interest:               Indirect non-beneficial             
Confirmation of on-market or off-market:     on-market                          
Name of Company Secretary:                   J Neethling                        
Name of company:                             Vukile                             
Date on which transaction was effected:      27 May 2011                        
Nature of transaction:                       Purchase                           
Class of security:                           Linked units                       
Number of linked units:                      851                                
Price per linked unit:                       R14.7921                           
Total value of transaction:                  R12 588.07                         
Vesting period:     326 linked units vesting on 1 June 2011, 278 linked units   
vesting on 1 June 2012, 143 linked units vesting on 1 June 2013 and 104 linked  
units vesting on 1 July 2014                                                    
Nature of directors interest:               Indirect non-beneficial             
Confirmation of 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 from the Chairman of the Board. The
above trade was completed outside of a closed period.                           
Roodepoort                                                                      
31 May 2011                                                                     
JSE sponsor:  One Capital                                                       
NSX sponsor:  IJG Securities (Pty) Ltd                                          
Date: 31/05/2011 14:51:29 Produced by the JSE SENS Department.                  
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