Dealings in securities by an associate of a director of Equites EQUITES PROPERTY FUND LIMITED (Incorporated in the Republic of South Africa) (Registration number 2013/080877/06) JSE share code: EQU ISIN: ZAE000188843 (Approved as a REIT by the JSE) ("Equites") DEALINGS IN SECURITIES BY AN ASSOCIATE OF A DIRECTOR OF EQUITES Shareholders are advised that Andrea Taverna-Turisan, a director of Equites, has an indirect beneficial interest in his associate, Zambia Flower Export Limited ("Zambia Flower"). In the last few days, having obtained clearance to deal, Zambia Flower, has sold a total of 750 000 Equites shares, in the transactions summarised below: Transaction date: 19 February 2019 Class of securities: Ordinary shares Number of securities: 348 670 Highest trading price for the day: R20.21 Weighted average price per security: R20.10060 Lowest trading price for the day: R20.05 Total value: R7 008 476.20 Nature of transaction: On-market sale Transaction date: 20 February 2019 Class of securities: Ordinary shares Number of securities: 149 040 Highest trading price for the day: R20.11 Weighted average price per security: R20.03480 Lowest trading price for the day: R19.87 Total value: R2 985 986.59 Nature of transaction: On-market sale Transaction date: 21 February 2019 Class of securities: Ordinary shares Number of securities: 85 681 Highest trading price for the day: R20.01 Weighted average price per security: R20.00050 Lowest trading price for the day: R19.78 Total value: R1 713 662.84 Nature of transaction: On-market sale Transaction date: 22 February 2019 Class of securities: Ordinary shares Number of securities: 149 363 Price per security: R19.90 Total value: R2 972 323.70 Nature of transaction: On-market sale Transaction date: 22 February 2019 Class of securities: Ordinary shares Number of securities: 347 Price per security: R19.92 Total value: R6 912.24 Nature of transaction: On-market sale Transaction date: 22 February 2019 Class of securities: Ordinary shares Number of securities: 1 899 Price per security: R19.93 Total value: R37 847.07 Nature of transaction: On-market sale Transaction date: 22 February 2019 Class of securities: Ordinary shares Number of securities: 15 000 Price per security: R19.95 Total value: R299 250.00 Nature of transaction: On-market sale 22 February 2019 Sponsor Java Capital Date: 22/02/2019 04:08:00 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.