VUKILE PROPERTY FUND LIMITED - Transaction update and flash floods in Spain

Transaction update and flash floods in Spain

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


TRANSACTION UPDATE AND FLASH FLOODS IN SPAIN


Shareholders are referred to the cautionary announcement published on 24 October 2024, in which shareholders were
advised that Company's 99.5% held subsidiary, Castellana Properties SOCIMI, S.A. ("Castellana") has entered into
negotiations to acquire a shopping centre in Spain.

The Company confirms that Castellana is currently in advanced negotiations to acquire Bonaire Shopping Centre ("the
Property") located in Spain's Valencia province from Unibail-Rodamco-Westfield ("URW"). The conclusion of the
transaction has been delayed due to the torrential flash flooding that has occurred across Spain. Once circumstances permit,
the Property and any potential impact of the flooding will be assessed to determine the way forward and the best course of
action. The exclusivity agreement between URW and Castellana for the acquisition remains in place.

The Company offers its condolences to those who have lost loved ones, and our thoughts are with all those who are affected.

No assets within Castellana's existing portfolio have been adversely affected by the flash floods.

The Company remains under cautionary, and shareholders are advised to continue exercising caution when dealing in the
Company's securities until further announcements are made.

1 November 2024



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

Date: 01-11-2024 11:30:00
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