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Fri 2 Dec 2011, 14:15 VKE - Vukile Property Fund Limited - Notice of an acquisition and a
VKE
VKE                                                                             
VKE - Vukile Property Fund Limited - Notice of an acquisition and a             
corresponding disposal of a beneficial interest in Vukile Linked units          
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")                                                                      
NOTICE OF AN ACQUISITION AND A CORRESPONDING DISPOSAL OF A BENEFICIAL INTEREST  
IN VUKILE LINKED UNITS ("LINKED UNITS")                                         
In terms of section 122(3)(b) of the Companies Act, 71 of 2008, as amended      
("Act") and paragraph 3.83(b) of the JSE Limited Listings Requirements,         
holders of Linked Units are advised that Sanlam Life Insurance Limited          
("Sanlam Life")has purchased Linked Units ("Acquisition") from Lazarus Capital  
(Proprietary) Limited ("Lazarus"), Vukile`s former Black Economic Empowerment   
shareholding company. The Acquisition is in terms of an internal transfer and   
does not change the Sanlam Group`s total beneficial interest in Vukile.         
Accordingly, Sanlam Life`s direct beneficial interest, as defined in the Act,   
is 12.56% of the Linked Units in issue.                                         
Following the Acquisition:                                                      
-    the total of all beneficial interests in Linked Units held by Sanlam Life  
    is now 12.56% of the total Linked Units in issue, of which 4.85% is held    
by policy holders; and                                                      
-    the total of all beneficial interests in Linked Units held by Lazarus is   
    now 0% of the total Linked Units in issue.                                  
Roodepoort                                                                      
2 December 2011                                                                 
JSE sponsor: One Capital                                                        
NSX sponsor: IJG Securities (Proprietary) Limited                               
Date: 02/12/2011 14:15:06 Produced by the JSE SENS Department.                  
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