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Rights Offer – Dealing in Securities

22 Dec 2010

Shareholders are advised that the following directors and their associates have exercised their rights and purchased the number of ordinary shares indicated against their names below, in terms of the rights offer:

Name of director Desmond de Beer, who is a trustee and beneficiary of The Suni Trust, the entity which entered into the transaction
Transaction date 20 December 2010
Price per security R26.00
Number of securities 595 772 Rights offer shares
Total value R15 490 072
Transaction date 22 December 2010
Price per security R26.00
Number of securities 80 855 Excess rights offer shares
Total value R2 102 230
Nature of transaction On market on the JSE
Nature and extent of director’s interest Indirect beneficial

Name of director Desmond de Beer, who has a 50% interest in Optimprops 3 (Proprietary) Limited, the entity which entered into the transaction
Transaction date 20 December 2010
Price per security R26.00
Number of securities 178 921 Rights offer shares
Total value R4 651 946
Transaction date 22 December 2010
Price per security R26.00
Number of securities 13 579 Excess rights offer shares
Total value R353 054
Nature of transaction On market on the JSE
Nature and extent of director’s interest Indirect beneficial

Name of associate Ross Peter de Beer
Relationship to and name of director Son of Desmond de Beer
Transaction date 20 December 2010
Price per security R26.00
Number of securities 24
Total value R624
Nature of transaction On market on the JSE
Nature and extent of director’s interest Indirect beneficial

Name of associate Craig Matthew de Beer
Relationship to and name of director Son of Desmond de Beer
Transaction date 20 December 2010
Price per security R26.00
Number of securities 24
Total value R624
Nature of transaction On market on the JSE
Nature and extent of director’s interest Indirect beneficial

Name of associate Emily Kim de Beer
Relationship to and name of director Daughter of Desmond de Beer
Transaction date 20 December 2010
Price per security R26.00
Number of securities 24
Total value R624
Nature of transaction On market on the JSE
Nature and extent of director’s interest Indirect beneficial

Name of director Jeffrey Nathan Zidel, who is a 100% shareholder of Maxtrade Seven (Proprietary) Limited, the entity which entered into the transaction
Transaction date 20 December 2010
Price per security R26.00
Number of securities 177 582
Total value R4 617 132
Nature of transaction On market on the JSE
Nature and extent of director’s interest Indirect beneficial

Name of director Jeffrey Nathan Zidel
Transaction date 20 December 2010
Price per security R26.00
Number of securities 30 000
Total value R780 000
Nature of transaction On market on the JSE
Nature and extent of director’s interest Direct beneficial

Name of director Martin Slabbert, who has an indirect beneficial interest in Slabbert Family Limited, the entity which entered into the transaction
Transaction date 20 December 2010
Price per security R26.00
Number of securities 59 091
Total value R1 536 366.00
Nature of transaction On market on the JSE
Nature and extent of director’s interest Indirect beneficial

Name of director Martin Slabbert, who has an indirect beneficial interest in Slabbert Family Limited, the entity which entered into the transaction
Transaction date 20 December 2010
Price per security EUR 2.67
Number of securities 178 067
Total value EUR 475 438.89
Nature of transaction On market on the AIM market of the LSE
Nature and extent of director’s interest Indirect beneficial

Name of associate Mrs Madelein Slabbert
Name of director Martin Slabbert
Transaction date 20 December 2010
Price per security R26.00
Number of securities 47 833
Total value R1 243 658.00
Nature of transaction On market on the JSE
Nature and extent of director’s interest Indirect beneficial

Name of director Victor Semionov, who is a shareholder of Focus CEE Investments Limited, the entity which entered into the transaction
Transaction date 20 December 2010
Price per security R26.00
Number of securities 15 950
Total value R414 700.00
Nature of transaction On market on the JSE
Nature and extent of director’s interest Indirect beneficial

Name of director Victor Semionov, who is a shareholder of Focus CEE Investments Limited, the entity which entered into the transaction
Transaction date 20 December 2010
Price per security EUR 2.67
Number of securities 7 500
Total value EUR 20 025.00
Nature of transaction On market on the AIM market of the LSE
Nature and extent of director’s interest Indirect beneficial

Following the purchases outlined above:

Through his interest in The Suni Trust, Mr de Beer has a beneficial interest in 2 723 627 ordinary shares in the company (“Ordinary Shares”), representing 3.54% of the Company’s enlarged issued share capital (“Share Capital”). Mr de Beer also has an interest in Ordinary Shares through his 50% interest in Optimprops 3 (Proprietary) Limited, which holds 1 862 500 Ordinary Shares, representing 2.42% of the Share Capital. Mr de Beer also directly and indirectly holds 5.87% of Resilient REIT Limited (“Resilient”) and 0.90% of Capital Property Fund (“Capital”). In addition, through his associates, Mr de Beer has an interest of 372 Ordinary Shares representing 0.0005% of the Share Capital.

Mr Zidel has an indirect interest in 910 802 Ordinary Shares held by Maxtrade Seven (Pty) Limited, representing 1.18% of the Share Capital. Mr Zidel also directly and indirectly holds 2.65% of Resilient and 0.04% of Capital. Mr Zidel also directly has an interest of 30 000 Ordinary Shares, representing 0.04% of the Share Capital.

Resilient has a 19.08% unitholding in Capital, which is directly interested in 3 450 000 Ordinary Shares, representing 4.48% of the Share Capital. Resilient is also interested in 16 830 000 Ordinary Shares, representing 21.88% of the Share Capital, through its ownership of Diversified Properties 2 (Proprietary) Limited.

Mr Slabbert’s indirect beneficial interest in the equity of the Company is 4 579 029 Ordinary Shares, representing 5.95% of the Share Capital.

Mr Semionov’s indirect beneficial interest in the equity of the Company is 963 656 Ordinary Shares, representing 1.25% of the Share Capital.

The Company would like to clarify that the total issued share capital of the Company has increased to 76 933 734 Ordinary Shares and not 76 993 734 Ordinary Shares as was indicated in the Company’s ‘RESULTS OF THE RIGHTS OFFER’ announcement released on 20 December 2010.