VUKILE PROPERTY FUND LIMITED - Notification in terms of section 45(5) of the Companies Act 71 of 2008

Notification in terms of section 45(5) of the Companies Act 71 of 2008

VUKILE PROPERTY FUND LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 2002/027194/06)
JSE share code: VKE NSX share code: VKN
ISIN: ZAE000180865
(Granted REIT status with the JSE)
(“Vukile” or “the company”)


NOTIFICATION IN TERMS OF SECTION 45(5) OF THE COMPANIES ACT 71 OF 2008


Notice is hereby given that, in terms of the provisions of section 45(5) of the Companies Act 71 of 2008 (the Companies
Act”), and pursuant to special resolutions passed at the annual general meeting of Vukile held on 29 August 2016 authorising
the board of directors of the company (“the board”) to provide direct or indirect financial assistance to employees, executive
directors and prescribed officers for participation in the Vukile Share Purchase Plan, the board has adopted a resolution on
17 July 2017 in terms of section 45(3) of the Companies Act, which resolution authorises the company to provide financial
assistance to management, which includes executive directors and prescribed officers in the amount of R71.25 million and for
purposes of participating in the Vukile Share Purchase Plan.

The assistance as described above constitutes financial assistance in terms of section 45 (1) of the Companies Act, the total
value of which exceeds one tenth of one per cent of the company’s net worth at the time of the adoption of the resolution.

The board resolutions in this regard were adopted in compliance with the provisions of section 45 of the Companies Act.

21 July 2017


JSE sponsor                                             NSX sponsor
Java Capital                                            IJG Securities (Pty) Ltd

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