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Mon 14 Mar 2005, 10:37 Directors" Dealings
Vukile - Directors` Dealings                                                    
Vukile Property Fund Limited                                                    
(Incorporated in the Republic of South Africa)                                  
(Registration number 2002/027194/06)                                            
Share code: VKE                                                                 
ISIN: ZAE000056370                                                              
DIRECTORS` DEALINGS                                                             
In compliance with paragraphs 3.63 - 3.74 of the Listings Requirements of the   
JSE Securities Exchange South Africa, the following information is disclosed:   
Name of director                        : Mr Anton Dirk Botha                   
Date of transaction                     : 11 March 2005                         
Option strike price per linked unit     : 547 cents                             
Strike date                             : 31 December 2005                      
Number of linked units                  : 4 500 000                             
Total value                             : R24 615 000                           
Class of securities                     : Linked units                          
Nature of transaction                   : Purchase of a European call option    
Extent of interest                      : Indirect and non-beneficial           
Consent                                 : Clearance was given                   
Name of director                        : Mr Gerhard van Zyl                    
Date of transaction                     : 11 March 2005                         
Option strike price per linked unit     : 547 cents                             
Strike date                             : 31 December 2005                      
Number of linked units                  : 500 000                               
Total value                             : R2 735 000                            
Class of securities                     : Linked units                          
Nature of transaction                   : Purchase of a European call option    
Extent of interest                      : Direct and beneficial                 
Consent                                 : Clearance was given                   
14 March 2005                                                                   
Johannesburg                                                                    
Sponsor: Bridge Capital Services (Pty) Limited
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