Dealing in securities by directors SA Corporate Real Estate Limited (Incorporated in the Republic of South Africa) Share Code: SAC ISIN Code: ZAE000203238 (Registration number 2015/015578/06) ("SA Corporate") REIT status approved DEALING IN SECURITIES BY DIRECTORS In compliance with rule 3.63 of the JSE Listings Requirements, the following information is disclosed: Name: T R Mackey Office held: Managing Director Date of transaction (vesting date): 18 June 2018 Number of forfeitable performance share awards: 541 164 Price per forfeitable performance share: R4.5872 Value of transaction: R2 482 428 Nature of transaction: 69.5% vesting of forfeitable performance shares in terms of participation in 2014 in SA Corporate’s Forfeitable Share Plan (off market) Date of transaction: 19 & 20 June 2018 Number of shares: 249 116 Price per share: R4.4842 Value of transaction: R1 117 094.85 Nature of transaction: Sale of ordinary shares to cover tax expenses relating to the vesting of the 2014 forfeitable performance shares (on the open market) Date of transaction: 18 June 2018 Number of forfeitable performance share awards: 944 248 Price per forfeitable performance share: R4.54 Value of transaction: R4 286 886 Nature of transaction: Grant and acceptance of forfeitable performance share awards in terms of SA Corporate’s Forfeitable Share Plan (off market) Vesting period: 100% by 14 June 2021 (3 years) subject to performance conditions Nature of interest: Direct beneficial Written clearance to deal received: Yes Name: A Basson Office held: Financial Director Date of transaction (vesting date): 18 June 2018 Number of forfeitable performance share awards: 308 625 Vesting price per forfeitable performance share: R4.5872 Value of the transaction: R1 415 724 Nature of transaction: 70.4% vesting of forfeitable performance shares in terms of participation in 2014 in SA Corporate’s Forfeitable Share Plan (off market) Date of transaction: 19 & 20 June 2018 Number of shares: 142 070 Price per share: R4.4842 Value of transaction: R637 076.57 Nature of transaction: Sale of ordinary shares to cover tax expenses relating to the vesting of the 2014 forfeitable performance shares (on the open market) Date of transaction: 18 June 2018 Number of forfeitable performance share awards: 542 153 Price per forfeitable performance share: R4.54 Value of transaction: R2 461 375 Nature of transaction: Grant and acceptance of forfeitable performance share awards in terms of SA Corporate’s Forfeitable Share Plan (off market) Vesting period: 100% by 14 June 2021 (3 years) subject to performance conditions Nature of interest: Direct beneficial Written clearance to deal received: Yes Cape Town 21 June 2018 Sponsor Nedbank Corporate and Investment Banking Date: 21/06/2018 11:28:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.