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Fri 3 Mar 2006, 13:22 Vukile/ MICC - Offer Period Extended
MCP   VKE
 MCP   VKE                                                                       
Vukile/ MICC - Offer Period Extended                                            
Vukile Property Fund Limited                                                    
(Incorporated in the Republic of South Africa)                                  
Registration number 2002/027194/06                                              
JSE code: VKE & ISIN: ZAE000056370                                              
("Vukile")                                                                      
MICC Property Income Fund Limited                                               
(Incorporated in the Republic of South Africa)                                  
(Registration number 2003/013404/06)                                            
JSE code: MCP & NSX code: MCO                                                   
ISIN: ZAE000050175                                                              
("MICC")                                                                        
OFFER PERIOD EXTENDED                                                           
Vukile and MICC unitholders are referred to the joint announcement dated 16     
February 2006 giving details of Vukile"s offer to acquire all of the linked     
units in MICC ("the offer") which it does not already hold, such that on        
conclusion of the proposed transaction, Vukile will hold 100% of MICC"s issued  
capital.                                                                        
Vukile has decided to extend the period within which MICC unitholders may accept
the offer by two weeks, as set out in the table below:                          
                                                     2006                       
Last day to trade in order to be eligible to         Thursday, 16 March         
participate in the offer on                                                     
MICC linked units to trade ex the offer from         Friday, 17 March           
Record date to be eligible to participate in the     Friday, 24 March           
offer on                                                                        
Offer closes at 12:00 on                             Friday, 24 March           
Results of the offer announced on SENS on            Monday, 27 March           
Results of the offer announced in the press on       Tuesday, 28 March          
Johannesburg                                                                    
3 March 2006                                                                    
Corporate advisor and Sponsor to Vukile: Bridge Capital Services (Pty) Limited  
Sponsor to MICC: Bridge Capital Services (Pty) Limited                          
Namibian sponsor to MICC: Irwin, Jacobs, Greene & Associates (Pty) Limited,     
Member of the NSX                                                               
Date: 03/03/2006 01:22:02 PM Produced by the JSE SENS Department                
                                                                                
                                                                                
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