COMMERCIAL PROPERTY REPORT May 2016

This report highlights property transactions with a value of more than R5million that have occurred since January 2012 and should be viewed in conjunction with the Property section in www.lightstoneexplore.co.za which carries all the transactions in a spatial environment.

SA Revealed has taken every care in compiling information and material for this report, but will not be held responsible for any loss, damage or inconvenience caused as a result of any inaccuracy or error contained in this report

Tel: +27 11 463 6327 • Fax: +27 11 706 1804 • www.lightstoneexplore.co.za Moraine House, The Braes,193 Bryanston Drive Bryanston, , Lightstone Explore (Pty) Ltd • Registration Number 2011/112308/07 OVERVIEW OF REPORT AND WEBSITE

This COMMERCIAL PROPERTY REPORT and the PROPERTY section of the Lightstone Explore website www.lightstoneexplore.co.za should be used in conjunction, and provides a comprehensive view of the Commercial Property environment in South Africa

EVERYTHING IN THE REPORT CAN BE EXAMINED IN DETAIL ON THE WEBSITE

The website is updated by the fifth of every month and the report is published by the tenth of the month. The updates are governed by the feed date of the transactions from the Deeds Office

The segmentation of location (“Node”) and buyer (“Owner”) are reflected in the Report and can be viewed by selection on the Website

Large Transactions and Large Bonds – These sections of the website focus on data from January 2013, where the property owner is a non-person, and the purchase or bond value is greater than R5million. The detail of the individual transactions can be seen on the map on the, whilst aggregation allows for the information to be reflected in the report. Filters can be used to view the data on the website. We have not removed related transactions (eg. portfolio consolidation within related companies) and this could have an impact on overall number

Listed Property – This section covers all properties owned by listed property companies

Cadastral – This layer shows the property boundaries of properties in the country, described by the property description. By searching for a property in this section, the property can be identified and Google aerial photography, and Street View can be used to view the property. We will shortly link ownership information to this section

Investment Heat Map – There are three levels of information shown as hexagon layers. The layers open at different zoom levels. The full view of South Africa shows the large hexagons of around 288km2 in area, the medium hexagons show an area of around 6.5km2, and the small hexagon layer an area of 1.6km2. Each hexagon carries a ranking in accordance with the relative level of investment in that hexagon (1 being the highest level)

2 1 May 2016 Summary

The data reflects transactions over R5 million that were processed through the Deeds Office from January 2013, showing transactions for the month of May 2016, the last 12 months, the cumulative position for the current year, and the full view for 2015, 2014 and 2013

1.1 Executive Summary

The following are the highlights for May 2016:

• Top areas over past 24 months (based on small hexagon layer - the Hexagon ID is shown below and can be Searched on the map):

Description Hexagon ID Investment (R million)

Johannesburg - Central 633121 7,022,977 - 18391 3,466,171 Cape Town - Southern Suburbs 13959 2,622,914 Cape Town - Downtown Cape Town CBD 16167 2,616,627 Johannesburg - CBD/ 627406 2,560,452 Johannesburg - Bryanston/ 637387 2,387,100 Ekurhuleni - Edenvale 631709 2,055,360 Ekurhuleni - Alberton 621677 2,048,443 Pretoria - Central Pretoria CBD 656149 2,014,471 Tshwane - Centurion 647500 2,000,000 Cape Town - Foreshore 17279 1,915,070 Johannesburg - CBD/Braamfontein 625980 1,618,063 Johannesburg - Central Sandton 633120 1,457,362 Cape Town - Atlantic Seaboard 16160 1,426,400 Cape Town - Bantry Bay 16161 1,340,147 KwaDukuza 350931 1,301,739 Johannesburg - Rosebank/Melrose 630264 1,286,893 Johannesburg - /Kyalami 640239 1,206,918 Durban - Umhlanga Ridge 334264 1,168,514 Tshwane - CBD 656157 1,037,371

3 1.2 Owner Segment

The transactional activity is broken into the following Owner segments (Rand Mill):

Owner Segment 2013 2014 2015 2016 YTD Jun 2015 - May May 2016 2016 COMMERCIAL 50,443 52.7% 51,677 49.2% 72,166 61.0% 33,338 53.0% 83,761 58.1% 5,835 54.8% LISTED PROP COMP 20,090 21.0% 25,849 24.6% 20,818 17.6% 18,335 29.2% 35,126 24.3% 2,649 24.9% TRUST 11,683 12.2% 12,366 11.8% 16,077 13.6% 6,613 10.5% 16,093 11.2% 1,442 13.5% GOVERNMENT 5,820 6.1% 3,297 3.1% 3,906 3.3% 2,280 3.6% 4,506 3.1% 263 2.5% EMERGING PORTFOLIO 2,555 2.7% 5,205 5.0% 1,548 1.3% 1,237 2.0% 1,525 1.1% 57 0.5% RESIDENTIAL DEVELOPMENT 1,682 1.8% 1,689 1.6% 1,351 1.1% 339 0.5% 952 0.7% 19 0.2% MINES 766 0.8% 1,129 1.1% 891 0.8% 321 0.5% 1,012 0.7% 163 1.5% BANK 2,301 2.4% 1,876 1.8% 465 0.4% 209 0.3% 378 0.3% 156 1.5% CHURCH/EDUCATION 97 0.1% 495 0.5% 375 0.3% 151 0.2% 324 0.2% 50 0.5% INVESTMENT 134 0.1% 1,483 1.4% 670 0.6% 44 0.1% 491 0.3% 15 0.1% STUDENT ACCOMMODATION 65 0.1% 44 0.0% 88 0.1% 10 0.0% 90 0.1% 0 0.0% Total 95,635 105,110 118,353 62,876 144,258 10,647

Table 1: 2016 Transactions by Owner Segment

Over time, as the companies are being researched and classified into the appropriate owner segments, the Commercial Segment will reduce and the Second Tier and Residential Development segments will increase.

4 1.3 Market Share

The bonds taken out for the period, in terms of values (Rand Mill) and volumes:

1.3.1 Value

2013 2014 2015 2016 YTD Jun 2015 - May 2016 May 2016

ABSA 7,871 8.6% 9,207 10.1% 20,045 16.4% 7,184 13.1% 23,859 16.8% 1,145 9.0% BIDVEST 44 0.0% 266 0.3% 26 0.0% 6 0.0% 32 0.0% 6 0.0% FIRSTRAND 12,974 14.1% 11,234 12.3% 16,165 13.2% 7,096 13.0% 18,995 13.4% 1,156 9.1% GRINDROD 684 0.7% 523 0.6% 1,030 0.8% 846 1.5% 1,429 1.0% 677 5.3% INVESTEC 17,116 18.6% 22,771 25.0% 27,322 22.3% 10,707 19.5% 30,140 21.2% 1,779 14.0% NEDBANK 37,647 40.9% 30,133 33.1% 40,685 33.2% 16,826 30.7% 45,801 32.3% 5,633 44.4% STANDARD 15,323 16.6% 16,488 18.1% 16,832 13.7% 12,127 22.1% 21,539 15.2% 2,293 18.1% TUHF 398 0.4% 501 0.5% 427 0.3% 0 0.0% 109 0.1% 0 0.0% Total 92,057 91,123 122,532 54,792 141,904 12,689

5 1.3.1 Value (Continued)

The following table shows the bond values (Rand Mill) for the different bond sizes:

Bond Year ABSA BIDVEST FIRSTRAND GRINDROD INVESTEC NEDBANK STANDARD TUHF

A: R5 mill - R10 mill 2013 2,141 14 2,565 40 1,353 2,427 1,344 53 2014 2,171 22 2,507 19 1,758 2,557 1,632 100 2015 2,561 13 2,747 60 2,108 2,803 1,831 29 2016 YTD 1,020 6 1,173 27 946 1,230 995 0 Jun 2015 - May 2016 2,656 19 2,937 52 2,292 3,028 2,196 0 May 2016 292 6 176 8 174 261 250 0 B: R10 mill - R50 mill 2013 2,935 30 4,595 430 6,519 8,217 3,510 345 2014 4,429 164 3,645 49 6,752 10,194 3,888 256 2015 5,270 13 5,198 420 8,157 9,507 4,176 275 2016 YTD 2,213 0 2,251 25 3,789 4,177 1,878 0 Jun 2015 - May 2016 5,697 13 5,495 299 8,743 9,704 4,395 109 May 2016 543 0 538 25 459 882 288 0 C: R50 mill - R100 mill 2013 1,035 0 1,489 214 3,420 6,375 2,320 0 2014 876 80 1,211 195 2,875 5,888 2,038 145 2015 1,624 0 1,657 240 5,537 5,859 3,398 123 2016 YTD 710 0 946 0 2,461 3,155 1,579 0 Jun 2015 - May 2016 1,915 0 1,958 144 5,896 6,107 3,566 0 May 2016 60 0 442 0 621 658 0 0 D: R100 mill - R450 mill 2013 1,278 0 2,112 0 5,824 9,798 4,694 0 2014 1,731 0 2,007 260 6,327 9,344 3,330 0 2015 3,555 0 3,498 310 9,890 11,584 6,257 0 2016 YTD 1,241 0 980 794 3,511 5,208 4,175 0 Jun 2015 - May 2016 4,556 0 3,794 934 11,579 13,974 7,882 0 May 2016 250 0 0 644 525 776 455 0 E: Above R450 mill 2013 482 0 2,213 0 0 10,830 3,455 0 2014 0 0 1,864 0 5,059 2,150 5,600 0 2015 7,035 0 3,065 0 1,630 10,932 1,170 0 2016 YTD 2,000 0 1,746 0 0 3,056 3,500 0 Jun 2015 - May 2016 9,035 0 4,811 0 1,630 12,988 3,500 0 May 2016 0 0 0 0 0 3,056 1,300 0

6 1.3.2 Volume - No of Bonds

2013 2014 2015 2016 YTD Jun 2015 - May May 2016 2016 ABSA 493 16.5% 554 17.4% 682 18.6% 272 16.6% 723 18.4% 67 19.9% BIDVEST 3 0.1% 11 0.3% 3 0.1% 1 0.1% 4 0.1% 1 0.3% FIRSTRAND 634 21.2% 577 18.1% 684 18.7% 309 18.9% 745 18.9% 60 17.8% GRINDROD 24 0.8% 9 0.3% 29 0.8% 9 0.6% 26 0.7% 6 1.8% INVESTEC 546 18.3% 619 19.4% 765 20.9% 345 21.1% 829 21.1% 53 15.7% NEDBANK 844 28.2% 938 29.4% 939 25.7% 433 26.5% 1,009 25.6% 94 27.9% STANDARD 420 14.0% 454 14.2% 538 14.7% 266 16.3% 597 15.2% 56 16.6% TUHF 26 0.9% 27 0.8% 19 0.5% 0 0.0% 5 0.1% 0 0.0% Total 2,990 3,189 3,659 1,635 3,938 337

7 1.3.2 Volume - No of bonds (Continued)

Bond Year ABSA BIDVEST FIRSTRAND GRINDROD INVESTEC NEDBANK STANDARD TUHF

A: R5 mill - R10 mill 2013 307 11.0% 2 8.7% 362 12.0% 5 4.9% 190 6.0% 340 8.0% 195 8.4% 8 10.4% 2014 311 11.1% 4 17.4% 354 11.8% 3 2.9% 255 8.1% 354 8.3% 233 10.0% 15 19.5% 2015 363 13.0% 2 8.7% 389 12.9% 7 6.8% 290 9.2% 391 9.2% 262 11.2% 5 6.5% 2016 YTD 145 5.2% 1 4.3% 173 5.7% 3 2.9% 131 4.1% 171 4.0% 144 6.2% 0 0.0% Jun 2015 - May 2016 374 13.4% 3 13.0% 422 14.0% 6 5.8% 318 10.1% 419 9.8% 314 13.5% 0 0.0% May 2016 40 1.4% 1 4.3% 28 0.9% 1 1.0% 24 0.8% 37 0.9% 36 1.5% 0 0.0% B: R10 mill - R50 mill 2013 164 5.9% 1 4.3% 241 8.0% 16 15.5% 276 8.7% 359 8.4% 161 6.9% 18 23.4% 2014 223 8.0% 6 26.1% 191 6.3% 3 2.9% 285 9.0% 442 10.4% 172 7.4% 10 13.0% 2015 268 9.6% 1 4.3% 254 8.4% 17 16.5% 344 10.9% 400 9.4% 193 8.3% 12 15.6% 2016 YTD 110 3.9% 0 0.0% 117 3.9% 1 1.0% 159 5.0% 183 4.3% 84 3.6% 0 0.0% Jun 2015 - May 2016 288 10.3% 1 4.3% 276 9.2% 12 11.7% 365 11.6% 417 9.8% 199 8.5% 5 6.5% May 2016 25 0.9% 0 0.0% 25 0.8% 1 1.0% 18 0.6% 38 0.9% 15 0.6% 0 0.0% C: R50 mill - R100 mill 2013 14 0.5% 0 0.0% 19 0.6% 3 2.9% 50 1.6% 83 1.9% 32 1.4% 0 0.0% 2014 11 0.4% 1 4.3% 17 0.6% 2 1.9% 39 1.2% 80 1.9% 27 1.2% 2 2.6% 2015 23 0.8% 0 0.0% 23 0.8% 3 2.9% 78 2.5% 77 1.8% 45 1.9% 2 2.6% 2016 YTD 10 0.4% 0 0.0% 13 0.4% 0 0.0% 34 1.1% 44 1.0% 20 0.9% 0 0.0% Jun 2015 - May 2016 28 1.0% 0 0.0% 27 0.9% 2 1.9% 82 2.6% 84 2.0% 46 2.0% 0 0.0% May 2016 1 0.0% 0 0.0% 7 0.2% 0 0.0% 9 0.3% 8 0.2% 0 0.0% 0 0.0% D: R100 mill - R450 mill 2013 7 0.3% 0 0.0% 9 0.3% 0 0.0% 30 1.0% 53 1.2% 26 1.1% 0 0.0% 2014 9 0.3% 0 0.0% 12 0.4% 1 1.0% 35 1.1% 58 1.4% 18 0.8% 0 0.0% 2015 22 0.8% 0 0.0% 16 0.5% 2 1.9% 50 1.6% 59 1.4% 36 1.5% 0 0.0% 2016 YTD 6 0.2% 0 0.0% 5 0.2% 5 4.9% 21 0.7% 30 0.7% 15 0.6% 0 0.0% Jun 2015 - May 2016 26 0.9% 0 0.0% 17 0.6% 6 5.8% 61 1.9% 74 1.7% 35 1.5% 0 0.0% May 2016 1 0.0% 0 0.0% 0 0.0% 4 3.9% 2 0.1% 6 0.1% 3 0.1% 0 0.0% E: Above R450 mill 2013 1 0.0% 0 0.0% 3 0.1% 0 0.0% 0 0.0% 9 0.2% 6 0.3% 0 0.0% 2014 0 0.0% 0 0.0% 3 0.1% 0 0.0% 5 0.2% 4 0.1% 4 0.2% 0 0.0% 2015 6 0.2% 0 0.0% 2 0.1% 0 0.0% 3 0.1% 12 0.3% 2 0.1% 0 0.0% 2016 YTD 1 0.0% 0 0.0% 1 0.0% 0 0.0% 0 0.0% 5 0.1% 3 0.1% 0 0.0% Jun 2015 - May 2016 7 0.3% 0 0.0% 3 0.1% 0 0.0% 3 0.1% 15 0.4% 3 0.1% 0 0.0% May 2016 0 0.0% 0 0.0% 0 0.0% 0 0.0% 0 0.0% 5 0.1% 2 0.1% 0 0.0%

8 1.4 Highest Transactions and Bonds

The top commercial transactions greater than R5 million and limited to 50 for May 2016 are:

Rank Purchase Price Buyer Seller Erf Key Suburb Node

1 650,000,000 INGENUITY PROP INV LTD LEAF PROP FUND TRUST CAPE TOWN~134205~00000 CAPE TOWN - SOUTHERN SUBURBS 2 495,000,000 REBOSIS PROP FUND LTD TUPELO PROP PTY LTD NEWTOWN~585~00000 NEWTOWN JOHANNESBURG - CBD/BRAAMFONTEIN NEWTOWN~604~00000 NEWTOWN JOHANNESBURG - CBD/BRAAMFONTEIN 3 356,172,157 PIVOTAL FUND LTD S & J LAND INV PTY LTD IR~108~00531 IR~90~00002 EKURHULENI - BEDFORDVIEW REDEFINE PROP LTD S & J LAND INV PTY LTD IR~108~00531 IR~90~00002 EKURHULENI - BEDFORDVIEW 4 292,000,000 LEAF PROP FUND TRUST ATTACQ LTD CAPE TOWN~134205~00000 RONDEBOSCH CAPE TOWN - SOUTHERN SUBURBS 5 240,524,263 CAPITAL PROPFUND PTY LTD FIRSTRAND BANK LTD CITY DEEP~243~00000 CITY DEEP EKURHULENI - BEDFORDVIEW CITY DEEP~29~00000 CITY DEEP EKURHULENI - BEDFORDVIEW CITY DEEP~29~00001 EKURHULENI - BEDFORDVIEW 6 240,119,335 R C L FOODS CONSUMER PTY LTD FOODCORP PTY LTD IQ~247~00082 IQ~247~00131 AUREUS IQ~247~00172 IQ~247~00197 7 215,783,257 J T ROSS PROPERTIES PROPRIETARY ROPROPS 5 PROPRIETARY FU~17906~00000 SOMERSET PARK DURBAN - NORTH LIMITED LIMITED ROPROPS 5 PTY LTD FU~1540~00001 SOMERSET PARK DURBAN - NORTH 8 210,900,000 RBT GRINDROD TERMINALS PROPRIETARY R B T RESOURCES RICHARDS BAY~5333~00094 LIMITED PROPRIETARY LIMITED 9 194,562,429 BARNES MINING PRODUCTS PTY LTD HALL LONGMORE HOLDINGS WADEVILLE~530~00000 WADEVILLE EKURHULENI - PTY LTD GERMISTON WADEVILLE~531~00000 WADEVILLE EKURHULENI - GERMISTON WADEVILLE~655~00000 WADEVILLE EKURHULENI - GERMISTON 10 178,000,000 DUBE TRADEPORT CORPORATION ILLOVO SUGAR (SOUTH AFRICA) ET~10899~00000 WINKLESPRUIT DURBAN - SOUTH LIMITED ET~11093~00000 UITSPAN DURBAN - SOUTH ET~11094~00000 UITSPAN DURBAN - SOUTH ET~16946~00000 DURBAN - SOUTH ET~17126~00105 DURBAN - SOUTH ET~3253~00000 DURBAN - SOUTH ET~3255~00004 DURBAN - SOUTH ET~4676~01068 ET~9374~00000 DURBAN - SOUTH KINGSBURGH~931~00000 WINKLESPRUIT DURBAN - SOUTH MORE PROPERTIES ON TITLE DEED 11 176,436,477 M M I GROUP LTD TERAMA PTY LTD SANDOWN~11~00001 SANDOWN JOHANNESBURG - SANDTON METROPOLITAN LIFE LTD TERAMA PTY LTD SANDOWN~11~00001 SANDOWN JOHANNESBURG - SANDTON 12 169,000,000 TRUWORTHS LTD K2012150042 SOUTH AFRICA PTY CAPE TOWN~9223~00000 CAPE TOWN CENTRE CAPE TOWN - CENTRAL LTD 13 158,848,885 CAPITAL PROPFUND 1 PTY LTD BANDS PROP PTY LTD MENLO PARK~757~00021 MENLO PARK PRETORIA - BROOKLYN 14 155,621,193 FIRSTRAND BANK LTD PANGBOURNE PROP LTD CITY DEEP~243~00000 CITY DEEP EKURHULENI - BEDFORDVIEW CITY DEEP~29~00000 CITY DEEP EKURHULENI - BEDFORDVIEW 15 119,658,572 CAPITAL PROPFUND PTY LTD IFOUR PROP THREE PTY LTD ISANDO~604~00000 ISANDO EKURHULENI - BOKSBURG 16 107,000,000 EDCOT TRUST GROWTHPOINT PROP LTD NEWTON PARK~3054~00000 NEWTON PARK 17 106,662,523 PROP TRUST GARDEN CITIES N P C R F ~37373~00000 CAPE TOWN - TABLE VIEW 18 105,332,660 J T ROSS PROPERTIES PROPRIETARY ROPROPS 5 PTY LTD UMHLANGA ROCKS~3138~00003 UMHLANGA DURBAN - NORTH LIMITED RIDGESIDE 19 104,780,620 FOODCORP PTY LTD N I B 5 SHARE BLOCK PTY LTD IQ~247~00082 IQ~247~00131 AUREUS IQ~247~00172 IQ~247~00197 20 102,000,000 MOTSA PROPERTIES CC GREYBOND TRUST-TRUSTEES VRYHEID~119~00000 VRYHEID CENTRAL VRYHEID~119~00001 VRYHEID CENTRAL VRYHEID~2426~00000 VRYHEID CENTRAL 21 96,357,311 CAPITAL PROFUND PTY LTD PANHOLD PTY LTD ISANDO~500~00000 ISANDO EKURHULENI - BOKSBURG 9 Rank Purchase Price Buyer Seller Erf Key Suburb Node

22 80,000,000 SLIP KNOT INV 777 PTY LTD CAPITAL PROPFUND 1 PTY LTD EAST LONDON~15441~00000 EAST LONDON CENTRAL EAST LONDON~15491~00000 EAST LONDON CENTRAL EAST LONDON~15492~00000 EAST LONDON CENTRAL EAST LONDON~15493~00000 EAST LONDON CENTRAL EAST LONDON~15494~00000 EAST LONDON CENTRAL EAST LONDON~15495~00000 EAST LONDON CENTRAL 23 79,149,368 G G P INV PTY LTD S & J LAND INV PTY LTD IR~108~00531 IR~90~00002 EKURHULENI - BEDFORDVIEW 24 79,000,000 SOUTHERN SUN HOTEL INTERESTS PTY CAPE TOWN~171452~00000 CAPE TOWN CENTRE CAPE TOWN - CENTRAL LTD VAAL VALUE WAREHOUSE PTY LTD CRACKLEFERN PROP 24 PTY ERAND GARDENS~109~00000 ERAND GARDENS JOHANNESBURG - LTD MIDRAND/KYALAMI 25 77,076,356 LUVON INV PTY LTD INVESTEC PROP FUND LTD MESSINA~1561~00001 MESSINA MESSINA~1603~00000 MESSINA MESSINA~2277~00000 MESSINA NANCEFIELD 26 75,000,000 K2014128865 PTY LTD DREAMFAIR PROP 34 PTY LTD SANDHURST~262~00000 JOHANNESBURG - SANDTON MURRAY & ROBERTS CONSTRUCTION PTY DREAMFAIR PROP 34 PTY LTD SANDHURST~262~00000 JOHANNESBURG - LTD SANDTON 27 74,958,000 LYRIBRITE PTY LTD SCHURHOFF JULIA ALEXANDRA KT~239~00082 THIELE- 28 74,000,000 KAPBRO IND COMPLEX PTY LTD AUTOBAHN PROP PTY LTD WALMER~10511~00000 GREENSHIELDS PARK 29 70,000,000 CML SOFTWARE DEV PTY LTD PARAMOUNT PROP FUND LTD ROODEKOP~2944~00000 ROODEKOP EKURHULENI - GERMISTON 30 69,800,000 S A RETAIL PROP PTY LTD S A CORPORATE REAL ESTATE IR~85~00112 HUGHES EKURHULENI - TRUST SCHEME BOKSBURG SA RETAIL PROP PTY LTD A B S A BANK LTD HUGHES~227~00000 EKURHULENI - BOKSBURG HUGHES~52~00001 EKURHULENI - BOKSBURG 31 69,750,000 FEZISOURCE PTY LTD SOUTHERN SUN HOTEL BLOEMFONTEIN~24867~00000 BRANDWAG INTERESTS PTY LTD SOUTHERN SUN HOTEL INTERESTS PTY SOUTHERN SUN HOTELS PTY BLOEMFONTEIN~24867~00000 BRANDWAG LTD LTD 32 65,000,000 SA RETAIL PROP PTY LTD S A CORPORATE REAL ESTATE JET PARK~451~00000 JET PARK EKURHULENI - TRUST SCHEME BOKSBURG JET PARK~452~00000 JET PARK EKURHULENI - BOKSBURG 33 64,000,000 P D PROP PTY LTD SECUPARK PROP PTY LTD BRAMLEY PARK~19~00000 BRAMLEY PARK JOHANNESBURG - WYNBERG 34 62,700,000 POWERHOUSE CLOTHING PROPRIETARY SA RETAIL PROPERTIES DURBAN NORTH~3312~00000 COROVOCA DURBAN - NORTH LIMITED PROPRIETARY LIMITED TOWNSHIP 35 62,500,000 KAPBRO INDUSTRIAL COMPLEX PTY LTD ORYX PROP LTD KORSTEN~2604~00000 NEAVE INDUSTRIAL KORSTEN~2605~00000 NEAVE INDUSTRIAL KORSTEN~2608~00000 NEAVE INDUSTRIAL KORSTEN~3766~00000 NEAVE INDUSTRIAL 36 62,246,770 CAPITAL PROPFUND PTY LTD PANGBOURNE PROP LTD CROWN CITY~11~00000 CROWN CITY EKURHULENI - BEDFORDVIEW CROWN CITY~12~00000 CROWN CITY EKURHULENI - BEDFORDVIEW CROWN CITY~15~00000 CROWN CITY EKURHULENI - BEDFORDVIEW CROWN CITY~16~00000 CROWN CITY EKURHULENI - BEDFORDVIEW 37 61,500,000 DELDIZA HOLDINGS PTY LTD MOOIWEI TRUST BEDFORD RD~68~00001 GREAT FISH RIVER SETT~146~00000 GREAT FISH RIVER SETTLEMENT SOMERSET EAST RD~452~00000 38 60,000,000 MEDICLINIC PROPERTIES PTY LTD JANZYLBAS TRUST BLOEMFONTEIN~26608~00000 WESTDENE 39 56,500,000 SA RETAIL PROP PTY LTD S A CORPORATE REAL ESTATE HUGHES~230~00000 HUGHES EKURHULENI - TRUST SCHEME BOKSBURG 40 56,494,000 RBT GRINDROD TERMINALS PROPRIETARY GRINDROD TERMINALS RICHARDS BAY~5333~00095 LIMITED PROPRIETARY LIMITED 41 55,230,491 CAPITAL PROPFUND PTY LTD FOUR PROP THREE PTY LTD ISANDO~333~00000 ISANDO EKURHULENI - BOKSBURG 42 49,000,000 MICHAEL FAMILY TRUST N GEORGIOU TRUST BLOEMFONTEIN~29136~00000 MUSGRAVE BLOEMFONTEIN~29138~00000 MUSGRAVE RESILIENT PROP PTY LTD ILANGA LIFESTYLE CENTRE PTY WEST ACRES~2919~00000 WEST ACRES LTD 43 48,750,000 IHS FUND II SA RENTAL TRUST 2 BALWIN PROP LTD OAKDENE~754~00000 OAKDENE EKURHULENI - BEDFORDVIEW 44 48,700,000 S A RETAIL PROP PTY LTD S A CORPORATE REAL ESTATE IR~64~00093 JET PARK EKURHULENI - TRUST BOKSBURG SA RETAIL PROP PTY LTD S A CORPORATE REAL ESTATE JET PARK~57~00000 JET PARK EKURHULENI - TRUST SCHEME BOKSBURG

10 Rank Purchase Price Buyer Seller Erf Key Suburb Node

45 48,600,000 SIFISO EDUCATION PROP PTY LTD C I D A CITY CAMPUS IR~51~00130 CHILDRENS VILLAGE JOHANNESBURG - ASSOCIATION WYNBERG KEW~142~00000 KEW JOHANNESBURG - WYNBERG KEW~184~00000 KEW JOHANNESBURG - WYNBERG 46 46,339,141 N T K LANDBOU PTY LTD N T K LIMPOPO AGRIC LTD MESSINA~292~00001 MESSINA MESSINA~894~00000 MESSINA 47 45,600,000 FORTRESS INCOME 7 PTY LTD FORTRESS INCOME 2 PTY LTD SECUNDA~8499~00000 SECUNDA CENTRAL 48 43,471,309 AMPHORIA PTY LTD SILVER STONE TRADING 24 PTY ~19437~00000 CAPE TOWN - LTD NORTHERN SUBURBS 49 42,600,000 SA RETAIL PROP PTY LTD S A CORPORATE REAL ESTATE DENVER~772~00004 DENVER JOHANNESBURG - TRUST SCHEME DENVER/KENSINGTON/B RUMA 50 42,146,000 THE NATIONAL GOVERNMENT OF THE SWANEPOEL ARMAND GT~120~00000 REPUBLIC OF SOUTH AFRICA CHRISTOFFEL

Directors for these companies were:

Rank Buyer First Name Surname

1 INGENUITY PROP INV LTD DENNIS BARRY FABIAN ANDREW JOHN BRANCH RODNEY SQUIRE HOWE JOHN BIELICH MARK WAGENHEIM LEON HOWARD COHEN JOAN SOLMS ARNOLD AARON MARESKY RAYMOND SELWYN SCHUR 2 REBOSIS PROP FUND LTD KENNETH LEWIS REYNOLDS ANNA THERESA MASAMO MOKGOKONG SISA MICHAEL NGEBULANA NOMFUNDO VUYISWA LILA QUANGULE WILLEM JACOBUS ODENDAAL ANDILE MONCOBO MAZWAI MANDE NDEMA KAMEEL KESHAV THABO STANLEY SEOPA 3 PIVOTAL FUND LTD AARON SUCKERMAN CHRISTOPHER HAIG EWING THOMAS ALEXANDER WIXLEY THANDUXOLO SELBY SISHUBA DAVID STANLEY SAVAGE MATTHYS STEFANUS BENJAMIN NESER ANTHONY DAVID DIXON STEWART SHAW-TAYLOR JACQUELINE ROUXANNE VAN NIEKERK REDEFINE PROP LTD NOMALIZO BERYL LANGA-ROYDS MARIUS BARKHUYSEN DAVID ALAN NATHAN MICHAEL JOHN WATTERS PHUMZILE LANGENI MICHAEL JOHN RUTTLE MARC WAINER DAVID HUW RICE HARISHKUMAR KANTILAL MEHTA ANDREW JOSEPH KÖNIG GUNTER ZEND STEFFENS BRONWYN BAKER BERNARD NACKAN LEON CHRISTIAAN KOK 5 CAPITAL PROPFUND PTY LTD MARK WALTER STEVENS BERNITA SCHAPER WILLEM JAKOB SERFONTEIN ABRAHAM ALBERTUS BORNMAN ANDREW TEIXEIRA 6 R C L FOODS CONSUMER PTY LTD JOHN MICHAEL JOSEPH MAHER DARYL STONE MILNE STEPHEN ANTHONY VAN DER MERWE WOUTER ALPHONSO DE WET TREVOR JOHN HARDING DAVID SCOTT PITMAN STEPHEN BURRIDGE HEATH

11 6 R C L FOODS CONSUMER PTY LTD MILES DALLY DAVID SIMON TUBB JASON BERNARD LIVESEY WERNER ERICH SCHWIMMBACHER WAYNE SCOTT HOARE PAUL DAVID CRUICKSHANK TRACEY BARNEY KHUMALO 7 J T ROSS PROPERTIES PROPRIETARY LIMITED DOUGLAS GARTH ROSS MELANIE ANN GILLESPIE 8 RBT GRINDROD TERMINALS PROPRIETARY LIMITED XOLANI FREDERICK MBAMBO GRAHAM STANLEY BRABY THABISO JOHN BUKU MLUNGISI JOHNSON BONGANI JOHANNES BIYELA BONGIWE NTULI THAMSANQA HAROLD MAGAZI 9 BARNES MINING PRODUCTS PTY LTD RACHAMIM BARNES DORON BARNES 11 M M I GROUP LTD NICOLAAS ABRAHAM STEFANUS KRUGER STEPHEN CRAIG JURISICH FATIMA JAKOET JOHAN PETRUS BURGER LOUIS LEON VON ZEUNER FRANS JOHANNES CHRISTIAAN TRUTER MFUNDISO JOHNSON NTABANKULU NJEKE METROPOLITAN LIFE LTD LEON BASSON GERHARD JOHANNES KRUGER NICOLAAS ABRAHAM STEFANUS KRUGER 12 TRUWORTHS LTD MICHAEL SAMUEL MARK DOUGLAS NORMAN DARE DAVID BRIAN PFAFF CHRISTOPHER DURHAM SEAN CHRISTOPHER FURLONG SARAH JANE PROUDFOOT 13 CAPITAL PROPFUND 1 PTY LTD ANDREW TEIXEIRA BERNITA SCHAPER ABRAHAM ALBERTUS BORNMAN WILLEM JAKOB SERFONTEIN MARK WALTER STEVENS 14 FIRSTRAND BANK LTD HETASH SURENDRAKUMAR KELLAN JAN HENDRIK VAN GREUNING ALAN PATRICK PULLINGER FRANCOIS KNOETZE MARY SINA BOMELA AMANDA TANDIWE NZIMANDE HENDRIK AREND HEYL CARNITA LOW NOLULAMO NOBAMBISWANO GWAGWA PAUL KENNETH HARRIS RUSSELL MARK LOUBSER VIVIAN WADE BARTLETT LAURITZ LANSER DIPPENAAR JAN JONATHAN DURAND GRANT GLENN GELINK BENEDICT JAMES VAN DER ROSS PABALLO JOEL MAKOSHOLO JOHAN PETRUS BURGER WILLIAM ROGER JARDINE PATRICK MAGUIRE GOSS PETER COOPER ETHEL GOTHATAMODIMO MATENGE-SEBESHO 19 FOODCORP PTY LTD JOHN MICHAEL JOSEPH MAHER MILES DALLY ROBERT HILTON FIELD 20 MOTSA PROPERTIES CC MOSES BOY MOTSA 21 CAPITAL PROFUND PTY LTD MARK WALTER STEVENS WILLEM JAKOB SERFONTEIN BERNITA SCHAPER ANDREW TEIXEIRA ABRAHAM ALBERTUS BORNMAN 22 SLIP KNOT INV 777 PTY LTD PREMIUM CORPORATE CONSULTING SERVICES JEAN PRIEUR DU PLESSIS ANDRIES PETRUS COETZEE 23 G G P INV PTY LTD MATTHYS STEFANUS BENJAMIN NESER DAVID STANLEY SAVAGE 24 VAAL VALUE WAREHOUSE PTY LTD CHARLES MEYER

12 24 VAAL VALUE WAREHOUSE PTY LTD CLIVE DICHABE PREMIUM CORPORATE CONSULTING SERVICES SOUTHERN SUN HOTEL INTERESTS PTY LTD PETRUS JACOBUS BOSHOFF FIDEZIS VUSI DLAMINI ROBERT BRIAN HUDDY LAURELLE MCDONALD RICHARD FREDERICK WEILERS 25 LUVON INV PTY LTD PIETER ANDRIES LOMBAARD JOHANNES ZACHARIAS MOOLMAN JOHANNES ZACHARIAS MOOLMAN STEPHANUS BEYERS SONKE MOOLMAN-PAUTZ 26 MURRAY & ROBERTS CONSTRUCTION PTY LTD JEROME NEIL GOVENDER GAVIN ROBERT TAYLOR MURRAY AND ROBERTS WAYNE VAN HOUTEN 28 KAPBRO IND COMPLEX PTY LTD NORMAN DESMOND MILTON KAHN NICHOLAS RUSSELL KAHN 29 CML SOFTWARE DEV PTY LTD QINGWEI WU 30 S A RETAIL PROP PTY LTD BENJAMIN SWANEPOEL ANTOINETTE MARGARET BASSON TERENCE RORY MACKEY SA RETAIL PROP PTY LTD BENJAMIN SWANEPOEL ANTOINETTE MARGARET BASSON TERENCE RORY MACKEY 31 FEZISOURCE PTY LTD SOUTHERN SUN SECRETARIAL SERVICES ROBERT BRIAN HUDDY LAURELLE MCDONALD 33 P D PROP PTY LTD PAMELA JOAN VAN DEN BERG DAVID ARTHUR VAN DEN BERG 34 POWERHOUSE CLOTHING PROPRIETARY LIMITED JUSTIN WILLARD MANSFIELD LANCE SHELTON MANSFIELD TERENCE MICHAEL GORNLEY NADEEN HORWOOD 35 KAPBRO INDUSTRIAL COMPLEX PTY LTD NICHOLAS RUSSELL KAHN NORMAN DESMOND MILTON KAHN 37 DELDIZA HOLDINGS PTY LTD DANIEL ERASMUS LANDMAN 38 MEDICLINIC PROPERTIES PTY LTD ABRAHAM JOZUA JOUBERT TONI ANN LOCKYER GERT CORNELIS HATTINGH MARTIN PIERRE ROSSOUW 42 RESILIENT PROP PTY LTD MONICA MULLER ANDRIES DE LANGE JACOBUS JOHANN KRIEK DESMOND DE BEER 45 SIFISO EDUCATION PROP PTY LTD SIZWE ERROL NXASANA NOBUHLE JUDITH DLAMINI NKANYEZI NXASANA 46 N T K LANDBOU PTY LTD PETER ROBERT COOK SOPHIA CATHERINA ERASMUS JOSIAS MELT KASSELMAN MOCHELE NOGE 47 FORTRESS INCOME 7 PTY LTD MARK WALTER STEVENS ABRAHAM ALBERTUS BORNMAN BERNITA SCHAPER WILLEM JAKOB SERFONTEIN ANDREW TEIXEIRA 48 AMPHORIA PTY LTD ANTON CORNELIUS MULDER ROBERT MARK HOWARTH PETER NICHOLAS BACON

13 The top commercial mortgages greater than R5 million and limited to 50 in May 2016 are:

Rank Bond Amount Buyer Bank Erf Key Suburb Node First Transaction at

1 1,000,000,000 G G P INV PTY LTD NEDBANK IR~108~00531 201605 IR~90~00002 EKURHULENI - BEDFORDVIEW 201605 1,000,000,000 PIVOTAL FUND LTD NEDBANK IR~108~00531 201605 IR~90~00002 EKURHULENI - BEDFORDVIEW 201605 1,000,000,000 REDEFINE PROP LTD NEDBANK IR~108~00531 201605 IR~90~00002 EKURHULENI - BEDFORDVIEW 201605 2 650,000,000 MAIN STREET 1301 PTY LTD STANDARD KLIPPOORTJE AL~27~00013 KLIPPOORTJE INDUSTRIAL EKURHULENI - GERMISTON 201605 3 650,000,000 ATTACQ LTD STANDARD CAPE TOWN~134205~00000 RONDEBOSCH CAPE TOWN - SOUTHERN SUBURBS 201605 4 632,000,000 K2014128865 PTY LTD NEDBANK SANDHURST~262~00000 JOHANNESBURG - SANDTON 201605 5 491,000,000 WOFLEX INV PTY LTD NEDBANK VEREENIGING~354~00000 VEREENIGING CENTRAL 201605 6 475,000,000 REBOSIS PROP FUND LTD NEDBANK NEWTOWN~585~00000 NEWTOWN JOHANNESBURG - 201605 CBD/BRAAMFONTEIN 7 458,600,000 DIMOPOINT PTY LTD NEDBANK ROODEKOP~1513~00000 ROODEKOP EKURHULENI - GERMISTON 201605 ROODEKOP~1515~00000 ROODEKOP EKURHULENI - GERMISTON 201605 ROODEKOP~1530~00000 ROODEKOP EKURHULENI - GERMISTON 201605 ROODEKOP~3343~00000 ROODEKOP EKURHULENI - GERMISTON 201605 ROODEKOP~3380~00000 ROODEKOP EKURHULENI - GERMISTON 201605 ROODEKOP~7702~00000 EKURHULENI - GERMISTON 201605 8 350,000,000 CENTURION LIFESTYLE TRUST INVESTEC HENNOPSPARK~740~00000 HENNOPS PARK PRETORIA - CENTURION 201605 INDUSTRIAL HENNOPSPARK~748~00000 HENNOPS PARK PRETORIA - CENTURION 201605 INDUSTRIAL HENNOPSPARK~751~00000 HENNOPS PARK PRETORIA - CENTURION 201605 INDUSTRIAL HENNOPSPARK~752~00000 HENNOPS PARK PRETORIA - CENTURION 201605 INDUSTRIAL HENNOPSPARK~753~00000 HENNOPS PARK PRETORIA - CENTURION 201605 INDUSTRIAL HENNOPSPARK~754~00000 HENNOPS PARK PRETORIA - CENTURION 201605 INDUSTRIAL HENNOPSPARK~757~00000 HENNOPS PARK PRETORIA - CENTURION 201605 INDUSTRIAL HENNOPSPARK~758~00000 HENNOPS PARK PRETORIA - CENTURION 201605 INDUSTRIAL HENNOPSPARK~765~00000 HENNOPS PARK PRETORIA - CENTURION 201605 INDUSTRIAL HENNOPSPARK~767~00000 HENNOPS PARK PRETORIA - CENTURION 201605 INDUSTRIAL 350,000,000 MORE PROPERTIES ON TITLE DEED 9 350,000,000 AFRISPHERE MANAGEMENT BUSINESS INVESTEC HATFIELD~780~00000 PRETORIA - CBD 201311 SOLUTIONS PTY LTD 350,000,000 AZIBIX PTY LTD INVESTEC HATFIELD~780~00000 PRETORIA - CBD 201311 350,000,000 BATHOFELA CONSULTING CC INVESTEC HATFIELD~780~00000 PRETORIA - CBD 201311 350,000,000 CADELEC CC INVESTEC HATFIELD~780~00000 PRETORIA - CBD 201311 350,000,000 DELPROP GAZA PTY LTD INVESTEC HATFIELD~780~00000 PRETORIA - CBD 201311 350,000,000 DERCURIUS TRADE & INVEST PTY LTD INVESTEC HATFIELD~780~00000 PRETORIA - CBD 201311 350,000,000 DOPPERBLOED 4 INV CC INVESTEC HATFIELD~780~00000 PRETORIA - CBD 201311 350,000,000 EENHEID 3704 SAN LAMEER PTY LTD INVESTEC HATFIELD~780~00000 PRETORIA - CBD 201311 350,000,000 GRETCO INV PTY LTD INVESTEC HATFIELD~780~00000 PRETORIA - CBD 201311 350,000,000 HIGHLAND NIGHT INV 103 PTY LTD INVESTEC HATFIELD~780~00000 PRETORIA - CBD 201311 350,000,000 INTSHEBE PROPS 204 PTY LTD INVESTEC HATFIELD~780~00000 PRETORIA - CBD 201311 350,000,000 IRMACO INV PTY LTD INVESTEC HATFIELD~780~00000 PRETORIA - CBD 201311 350,000,000 ISINDA 178 PTY LTD INVESTEC HATFIELD~780~00000 PRETORIA - CBD 201311 350,000,000 ISIPHOSETHU INV HOLDINGS PTY LTD INVESTEC HATFIELD~780~00000 PRETORIA - CBD 201311 350,000,000 MUNAI PTY LTD INVESTEC HATFIELD~780~00000 PRETORIA - CBD 201311 350,000,000 NSOVO HOLDINGS PTY LTD INVESTEC HATFIELD~780~00000 PRETORIA - CBD 201311 350,000,000 OLICOSTA PROP PTY LTD INVESTEC HATFIELD~780~00000 PRETORIA - CBD 201311 350,000,000 OTWALA INV PTY LTD INVESTEC HATFIELD~780~00000 PRETORIA - CBD 201311 350,000,000 PAZOPLEX PTY LTD INVESTEC HATFIELD~780~00000 PRETORIA - CBD 201311 350,000,000 POLA MABHUNGANE PTY LTD INVESTEC HATFIELD~780~00000 PRETORIA - CBD 201311 350,000,000 PRIVATE LABEL BRANDS CC INVESTEC HATFIELD~780~00000 PRETORIA - CBD 201311 350,000,000 SERVO DRIVE TECH PTY LTD INVESTEC HATFIELD~780~00000 PRETORIA - CBD 201311 350,000,000 SHREE NAATHJI INV PTY LTD INVESTEC HATFIELD~780~00000 PRETORIA - CBD 201311 350,000,000 SILKSTAR 178 PTY LTD INVESTEC HATFIELD~780~00000 PRETORIA - CBD 201311 350,000,000 STEYNVEST PTY LTD INVESTEC HATFIELD~780~00000 PRETORIA - CBD 201311 350,000,000 TECHANIE INV CC INVESTEC HATFIELD~780~00000 PRETORIA - CBD 201311 350,000,000 VERITAS STAALWERKE CC INVESTEC HATFIELD~780~00000 PRETORIA - CBD 201311 350,000,000 VERSTER & NEL BELEGGINGS CC INVESTEC HATFIELD~780~00000 PRETORIA - CBD 201311 350,000,000 VULANKOULOS 120 PTY LTD INVESTEC HATFIELD~780~00000 PRETORIA - CBD 201311 350,000,000 WWISE INV PTY LTD INVESTEC HATFIELD~780~00000 PRETORIA - CBD 201311 10 270,000,000 ZOTEC DEVELOPMENTS PTY LTD STANDARD POMONA~3636~00000 BRENTWOOD PARK AH EKURHULENI - BENONI 201410 11 270,000,000 ZOTEC DEVELOPMENTS PTY LTD STANDARD ELDORAIGNE~4789~00000 ELDORAIGNE PRETORIA - CENTURION 201410 12 250,000,000 J T ROSS PROPERTIES PROPRIETARY ABSA FU~1540~00001 SOMERSET PARK DURBAN - NORTH 201605 LIMITED FU~17906~00000 SOMERSET PARK DURBAN - NORTH 201605 13 205,000,000 MTHATHA MALL PTY LTD NEDBANK UMTATA~23200~00000 201605 14 196,300,000 RBT GRINDROD TERMINALS PROPRIETARY GRINDROD RICHARDS BAY~5333~00094 201605 LIMITED

14 15 196,300,000 RBT GRINDROD TERMINALS PROPRIETARY GRINDROD RICHARDS BAY~5333~00095 201605 LIMITED 16 185,000,000 ZOTEC DEVELOPMENTS PTY LTD STANDARD KYALAMI HILLS~695~00000 KYALAMI HILLS JOHANNESBURG - MIDRAND/KYALAMI 201605 17 175,000,000 ALSID PROP PTY LTD INVESTEC EAST~1025~00000 SEA POINT CAPE TOWN - ATLANTIC SEABOARD 201605 18 150,500,000 BARNES MINING PRODUCTS PTY LTD STANDARD WADEVILLE~530~00000 WADEVILLE EKURHULENI - GERMISTON 201605 WADEVILLE~531~00000 WADEVILLE EKURHULENI - GERMISTON 201605 WADEVILLE~655~00000 WADEVILLE EKURHULENI - GERMISTON 201605 19 150,000,000 KING'S PROP INV 178 PTY LTD NEDBANK MORNINGSIDE~1769~00000 JOHANNESBURG - SANDTON 201605 20 130,000,000 BLOK URBAN LIVING PTY LTD INVESTEC SEA POINT WEST~1244~00000 CAPE TOWN - ATLANTIC SEABOARD 201507 21 129,300,000 NUNGU TRADING 472 PTY LTD NEDBANK PHILIP NEL PARK~16~00000 PHILIP NEL PARK PRETORIA - CBD 201512 22 126,700,000 RBT GRINDROD TERMINALS PROPRIETARY GRINDROD RICHARDS BAY~5333~00094 201605 LIMITED 23 126,700,000 RBT GRINDROD TERMINALS PROPRIETARY GRINDROD RICHARDS BAY~5333~00095 201605 LIMITED 24 120,000,000 LYRIBRITE PTY LTD OTHER BANK KT~239~00030 201605 KT~239~00060 201605 120,000,000 THIELE JULIA ALEXANDRA OTHER BANK KT~239~00020 201605 KT~239~00025 201605 KT~239~00029 201605 KT~239~00035 201605 KT~239~00037 201605 KT~239~00041 201605 KT~239~00051 201605 KT~239~00053 201605 120,000,000 MORE PROPERTIES ON TITLE DEED 25 120,000,000 PEPPER VALLEY PROP PTY LTD STANDARD ~2050~00000 HOUGHTON ESTATE JOHANNESBURG - HOUGHTON ESTATE 201605 26 110,627,061 MSUNDUZI HOUSING ASSOCIATION NPC NHFC PIETERMARITZBURG~1771~00287 201605 27 107,000,000 GROWTHPOINT PROP LTD NEDBANK NEWTON PARK~3054~00000 NEWTON PARK 201605 28 105,000,000 NISAMART PTY LTD NEDBANK CAPE TOWN~1388~00000 CAPE TOWN CENTRE CAPE TOWN - CENTRAL 201605 29 105,000,000 BLUE WAVES PROP 150 PTY LTD NEDBANK SANDOWN~575~00005 SANDOWN JOHANNESBURG - SANDTON 201605 30 104,000,000 DIMOPOINT PTY LTD NEDBANK ALRODE~677~00000 ALRODE EKURHULENI - ALBERTON 201605 31 100,000,000 UNIVEG OPERATIONS SOUTH AFRICA PTY OTHER BANK CERES RD~265~00000 201605 LTD CERES RD~344~00000 201605 CERES RD~344~00001 201605 MALMESBURY RD~154~00041 CAPE TOWN - NORTHERN SUBURBS 201605 PIKETBERG RD~148~00017 201605 32 100,000,000 KING'S PROP INV 178 PTY LTD NEDBANK MORNINGSIDE~1769~00000 JOHANNESBURG - SANDTON 201309 33 100,000,000 SLIP KNOT INV 777 PTY LTD NEDBANK EAST LONDON~15441~00000 EAST LONDON CENTRAL 201605 EAST LONDON~15491~00000 EAST LONDON CENTRAL 201605 EAST LONDON~15492~00000 EAST LONDON CENTRAL 201605 EAST LONDON~15493~00000 EAST LONDON CENTRAL 201605 EAST LONDON~15494~00000 EAST LONDON CENTRAL 201605 EAST LONDON~15495~00000 EAST LONDON CENTRAL 201605 34 100,000,000 GREGGALEIGH HOLDINGS PTY LTD INVESTEC CLIFTON~246~00000 CLIFTON CAPE TOWN - ATLANTIC SEABOARD 201605 35 95,000,000 COSMOPOLITAN PROJECTS TSHWANE PTY NEDBANK JR~317~00060 ANDEON PRETORIA - NORTH 201605 LTD JR~317~00113 ANDEON PRETORIA - NORTH 201605 JR~317~00114 ANDEON PRETORIA - NORTH 201605 JR~317~00184 ANDEON PRETORIA - NORTH 201605 36 95,000,000 BRANDT BROTHERS INV C C NEDBANK MONTAGUE GARDENS~7058~00000 CENTURY CITY CAPE TOWN - TABLE VIEW 201605 95,000,000 RABIE PROP GROUP PTY LTD NEDBANK MONTAGUE GARDENS~7058~00000 CENTURY CITY CAPE TOWN - TABLE VIEW 201602 95,000,000 SADE CAPITAL PTY LTD NEDBANK MONTAGUE GARDENS~7058~00000 CENTURY CITY CAPE TOWN - TABLE VIEW 201605 95,000,000 YESA INV C C NEDBANK MONTAGUE GARDENS~7058~00000 CENTURY CITY CAPE TOWN - TABLE VIEW 201605 37 90,000,000 BEERINGEN NAVORSING PTY LTD NEDBANK IR~15~00003 EKURHULENI - KEMPTON PARK 201605 IR~17~00001 EKURHULENI - KEMPTON PARK 201605 38 82,000,000 INGENUITY PROP INV LTD NEDBANK CAPE TOWN~177455~00000 CAPE TOWN - SOUTHERN SUBURBS 201305 39 80,000,000 VAAL VALUE WAREHOUSE PTY LTD NEDBANK ERAND GARDENS~109~00000 ERAND GARDENS JOHANNESBURG - MIDRAND/KYALAMI 201605 40 76,100,000 VENTURE PEGUFORM PROP ONE PTY LTD FIRSTRAND ROSSLYN~87~00000 ROSSLYN PRETORIA - NORTH 201605 ROSSLYN~88~00000 ROSSLYN PRETORIA - NORTH 201605 41 75,000,000 SIGNATURE HOMES PTY LTD INVESTEC GREEN POINT~2177~00000 CAPE TOWN - ATLANTIC SEABOARD 201605 75,000,000 STOLLER & EDGAR PROP C C INVESTEC GREEN POINT~2177~00000 CAPE TOWN - ATLANTIC SEABOARD 201605 42 75,000,000 REBOSIS PROP FUND LTD NEDBANK NEWTOWN~604~00000 NEWTOWN JOHANNESBURG - 201605 CBD/BRAAMFONTEIN 43 70,000,000 ROBERTSON & CAINE PROP PTY LTD FIRSTRAND CAPE TOWN~168067~00000 WOODSTOCK CAPE TOWN - CENTRAL 201605 44 67,000,000 MTBKING TRUST INVESTEC BANTRY BAY~919~00000 BANTRY BAY CAPE TOWN - ATLANTIC SEABOARD 201605 45 66,000,000 KAPBRO INDUSTRIAL COMPLEX PTY LTD INVESTEC KORSTEN~2604~00000 NEAVE INDUSTRIAL 201605 KORSTEN~2605~00000 NEAVE INDUSTRIAL 201605 KORSTEN~2608~00000 NEAVE INDUSTRIAL 201605 KORSTEN~3766~00000 NEAVE INDUSTRIAL 201605 46 66,000,000 CALIBER 293 PTY LTD NEDBANK DIE HOEWES~745~00000 PRETORIA - CENTURION 201504 47 66,000,000 GREAT NORTH IND PARK PTY LTD INVESTEC GOEDEBURG~375~00000 BRENTWOOD PARK AH EKURHULENI - BENONI 201605 GOEDEBURG~376~00000 BRENTWOOD PARK AH EKURHULENI - BENONI 201605 48 65,000,000 HENTIQ 2897 PTY LTD OTHER BANK SEA POINT WEST~984~00000 SEA POINT CAPE TOWN - ATLANTIC SEABOARD 201605 49 65,000,000 FIREFLY INV 286 PTY LTD INVESTEC HLAHATSI~1~00000 HLAHATSI EKURHULENI - ALBERTON 201605 50 65,000,000 TERRAFORM PTY LTD FIRSTRAND SUNNINGHILL~96~00000 SUNNINGHILL JOHANNESBURG - 201605 SUNNINGHILL/

15 Directors for these companies are:

Rank Buyer First Name Surname

1 REDEFINE PROP LTD NOMALIZO BERYL LANGA-ROYDS MARIUS BARKHUYSEN DAVID ALAN NATHAN MICHAEL JOHN WATTERS PHUMZILE LANGENI MICHAEL JOHN RUTTLE MARC WAINER DAVID HUW RICE HARISHKUMAR KANTILAL MEHTA ANDREW JOSEPH KÖNIG GUNTER ZEND STEFFENS BRONWYN BAKER BERNARD NACKAN LEON CHRISTIAAN KOK PIVOTAL FUND LTD AARON SUCKERMAN CHRISTOPHER HAIG EWING THOMAS ALEXANDER WIXLEY THANDUXOLO SELBY SISHUBA DAVID STANLEY SAVAGE MATTHYS STEFANUS BENJAMIN NESER ANTHONY DAVID DIXON STEWART SHAW-TAYLOR JACQUELINE ROUXANNE VAN NIEKERK G G P INV PTY LTD MATTHYS STEFANUS BENJAMIN NESER DAVID STANLEY SAVAGE 2 MAIN STREET 1301 PTY LTD MICHAEL CHRISTIAN JENSEN PREMIUM CORPORATE CONSULTING SERVICES RICHARD FIENBERG BRIAN MICHAEL JACOBS ROBERT DARSIE HOPE ALBERTUS JACOBUS WILHELMUS VAN DER MERWE KEVIN CLIFFORD CLAYTON 3 ATTACQ LTD 4 K2014128865 PTY LTD 5 WOFLEX INV PTY LTD CHARLES MEYER CLIVE DICHABE 6 REBOSIS PROP FUND LTD KENNETH LEWIS REYNOLDS ANNA THERESA MASAMO MOKGOKONG SISA MICHAEL NGEBULANA NOMFUNDO VUYISWA LILA QUANGULE WILLEM JACOBUS ODENDAAL ANDILE MONCOBO MAZWAI MANDE NDEMA KAMEEL KESHAV THABO STANLEY SEOPA 7 DIMOPOINT PTY LTD RYAN ANDREW CROSSMAN MURRAY RUSSELL COLLINS SEAN HENK MEEKERS DHARMESH NARSEE KALYAN KEVIN ANDREW SEARLE 8 MORE PROPERTIES ON TITLE DEED CENTURION LIFESTYLE TRUST 9 AZIBIX PTY LTD MUNAI PTY LTD SEDZANI LIGUDU WWISE INV PTY LTD MUHAMMAD ABDULLAH OMAR ALI ISIPHOSETHU INV HOLDINGS PTY LTD SANDILE LLEWELYN SHABALALA POLA MABHUNGANE PTY LTD OLGA THANDIWE HADEBE VULANKOULOS 120 PTY LTD TIMM GEORGE SOTHMANN RUDOLF JACOBUS GROBBELAAR DOPPERBLOED 4 INV CC CASPARUS GERHARDUS TROSKIE LEON GROBLER GERT CHRISTOFFEL SNYMAN JACOB FRANCOIS LEE OTWALA INV PTY LTD DEON ADRIAN PENTZ INTSHEBE PROPS 204 PTY LTD LOUIS-JANE WIGGINS ANDREW JOHN WIGGINS DERCURIUS TRADE & INVEST PTY LTD SAREL LOUIS WOLFAARDT DIRK JOHANNES WOLFAARDT STEYNVEST PTY LTD JOHANNES GERHARDUS STEYN DELPROP GAZA PTY LTD CHRISTIAN GERT DELPORT LOURENS JOHANNES DELPORT OLICOSTA PROP PTY LTD MARIA CECILIA DA COSTA 16 9 OLICOSTA PROP PTY LTD ANA PAULA COITO OLIVEIRA JOSE DELFIU DA COSTA VITOR MANUEL DA COSTA OLIVEIRA PAZOPLEX PTY LTD DYLAN VERHAVE NICOLAS PAUL ROBINSON SILKSTAR 178 PTY LTD JOHANNES JACOBUS VIVIERS PRIVATE LABEL BRANDS CC LAUREN VAN ZYL MICHELE DE BEER TECHANIE INV CC DELANIE LAMPRECHT HENRY LAMPRECHT THEUNIS JOHANNES LAMPRECHT CONRAD LAMPRECHT EENHEID 3704 SAN LAMEER PTY LTD BAREND PETRUS BOTHA GERT JACOBUS VIVIERS GRETCO INV PTY LTD PETER MICHAEL DAWSON VERSTER & NEL BELEGGINGS CC ARNE VERSTER NSOVO HOLDINGS PTY LTD NHLAMULO CINDY MABUNDA MAKHENSA SOLLY RISIMATI MABUNDA AFRISPHERE MANAGEMENT BUSINESS SOLUTIONS PTY LTD HARLEM JUNIOR MISSISSIPPI GONGXEKA LILIAN KHUMALO JUNIOR MPUMELELO KHUMALO NOMBULELO GONGXEKA ISINDA 178 PTY LTD GERHARDUS STEENKAMP SONJA CATHARINA BOY VERITAS STAALWERKE CC JOHANNES ANTONIE HOUGH IRMACO INV PTY LTD ADRIANNA SLOOTWEG WILLEM SLOOTWEG BATHOFELA CONSULTING CC MPHEFENYANE JOYCE MABALA MABORE MORRIS MACHETE MATSHIDISO JOHN MABALA SERVO DRIVE TECH PTY LTD HORST-DIETER MATZNER LAURA MATZNER HIGHLAND NIGHT INV 103 PTY LTD JOHANNES HENDRIK LOUBCHER MAREE CADELEC CC JEANETTE SHEELAGH CONSTAN-TATOS PETER BASIL CONSTAN-TATOS SHREE NAATHJI INV PTY LTD MAHESHKUMAR KANTILAL DHANJEE 10 ZOTEC DEVELOPMENTS PTY LTD ANTON CROUSE 12 J T ROSS PROPERTIES PROPRIETARY LIMITED DOUGLAS GARTH ROSS MELANIE ANN GILLESPIE 13 MTHATHA MALL PTY LTD VUYOKAZI PENELOPE NJONGWE SISA MICHAEL NGEBULANA 14 RBT GRINDROD TERMINALS PROPRIETARY LIMITED XOLANI FREDERICK MBAMBO GRAHAM STANLEY BRABY THABISO JOHN BUKU MLUNGISI JOHNSON BONGANI JOHANNES BIYELA BONGIWE NTULI THAMSANQA HAROLD MAGAZI 17 ALSID PROP PTY LTD 18 BARNES MINING PRODUCTS PTY LTD RACHAMIM BARNES DORON BARNES 19 KING'S PROP INV 178 PTY LTD WEI-WEI ZHANG 20 BLOK URBAN LIVING PTY LTD JACQUES ELIAZER VAN EMBDEN 21 NUNGU TRADING 472 PTY LTD NIKITAS GHIKAS VONTAS ROBIN LESLIE RAINIER 24 LYRIBRITE PTY LTD THIELE JULIA ALEXANDRA 25 PEPPER VALLEY PROP PTY LTD PAUL DOUGLAS BARROW CHRISTIAAN VAN WYK MICHAEL CHRISTOPHER GERBER PIETER WILLEM MACKENZIE 26 MSUNDUZI HOUSING ASSOCIATION NPC SANJAY HARRILALL PAUL BRADMAN CAMPBELL MTHULISI THABIZOLO EMMANUEL LLOYD MSIMANG IVOR FRANK CALDECOTT DIHEDILE PATIENCE FORTUNATE TAKALO PAUL SIMON HAY 27 GROWTHPOINT PROP LTD 28 NISAMART PTY LTD PAUL JOHN HAILWOOD JOHAN FRANCK 29 BLUE WAVES PROP 150 PTY LTD JOHAN FRANCK PAUL JOHN HAILWOOD 31 UNIVEG OPERATIONS SOUTH AFRICA PTY LTD TREVOR JACKSON DUKES 33 SLIP KNOT INV 777 PTY LTD PREMIUM CORPORATE CONSULTING SERVICES JEAN PRIEUR DU PLESSIS ANDRIES PETRUS COETZEE

17 34 GREGGALEIGH HOLDINGS PTY LTD BERNARD KANTOR ALTRON MANAGEMENT SERVICES (PTY) LTD 35 COSMOPOLITAN PROJECTS TSHWANE PTY LTD TERTIUS GILBERT BIDDULPH PIERRE LEON LUDICK JOHANN MARTHINUS VORSTER ANTON CROUSE 36 BRANDT BROTHERS INV C C RICHARD JAMES BRANDT MICHAEL CRAIG BRANDT SADE CAPITAL PTY LTD MORNE MARTIN EDAS YESA INV C C KEEMESH KRISHNA KASSEN NEEROJ KANTILAL DAYA JAYVANT VASSEN RAVI JAGA MAHESH KANTILAL VASSEN MANOJ CHAUHAN RABIE PROP GROUP PTY LTD 37 BEERINGEN NAVORSING PTY LTD BRIAN DAVID CORBISHLEY DUANE JOHN CORBISHLEY MICHAEL EDWARD YEADON HAROLD THOMAS DUNSTAN DRURY 38 INGENUITY PROP INV LTD DENNIS BARRY FABIAN ANDREW JOHN BRANCH RODNEY SQUIRE HOWE JOHN BIELICH MARK WAGENHEIM LEON HOWARD COHEN JOAN SOLMS ARNOLD AARON MARESKY RAYMOND SELWYN SCHUR 39 VAAL VALUE WAREHOUSE PTY LTD CHARLES MEYER CLIVE DICHABE PREMIUM CORPORATE CONSULTING SERVICES 40 VENTURE PEGUFORM PROP ONE PTY LTD JAMES NEILSON WILKES MARK ANDREW WALKER 41 STOLLER & EDGAR PROP C C JOHN MORTIMER EDGAR JONATHAN PAUL STOLLER SIGNATURE HOMES PTY LTD DAVID HILLEL COHEN JONATHAN SHAWN RABIE 43 ROBERTSON & CAINE PROP PTY LTD ALETHA MARIA DU PLESSIS CLINTON JONES JOHN BRIAN ROBERTSON SHAUN NOEL FRANKISH DARSHAN DAYA 44 MTBKING TRUST 45 KAPBRO INDUSTRIAL COMPLEX PTY LTD NORMAN DESMOND MILTON KAHN NICHOLAS RUSSELL KAHN 46 CALIBER 293 PTY LTD JOSUA JACOBUS PIENAAR ALBERT ESWORD SWANEPOEL 47 GREAT NORTH IND PARK PTY LTD DAVID GERALD WILLIAMS-JONES 48 HENTIQ 2897 PTY LTD ROMAO PEDRO GONCALVES DA LUZ 49 FIREFLY INV 286 PTY LTD 50 TERRAFORM PTY LTD PETER MANELIS CONSTANTINOS CHARLES MANELIS VASILOS MANELIS

18 2 Geographic Spread

2.1 Municipal Spread

2.1.1 Transactions

The geographic spread (R Million) is:

Municipality Principal Town May 2016 2013 2014 2015 2016 YTD Jun 2015 - May 2016 CITY OF CAPE TOWN CAPE TOWN 2,256 20.6% 12,648 13.0% 17,207 16.2% 19,209 16.0% 12,652 19.8% 24,759 16.9% CITY OF JOHANNESBURG JOHANNESBURG 1,970 18.0% 20,445 21.1% 30,690 29.0% 29,770 24.8% 10,879 17.0% 33,797 23.1% EKURHULENI GERMISTON 1,519 13.9% 7,457 7.7% 9,348 8.8% 10,553 8.8% 7,465 11.7% 14,651 10.0% CITY OF TSHWANE PRETORIA 540 4.9% 12,699 13.1% 7,131 6.7% 11,700 9.8% 6,234 9.7% 14,792 10.1% ETHEKWINI DURBAN 726 6.6% 8,622 8.9% 8,504 8.0% 8,670 7.2% 6,023 9.4% 12,342 8.4% MANGAUNG BLOEMFONTEIN 306 2.8% 937 1.0% 606 0.6% 1,532 1.3% 2,712 4.2% 3,913 2.7% NELSON MANDELA BAY PORT ELIZABETH 569 5.2% 2,805 2.9% 1,702 1.6% 3,249 2.7% 2,284 3.6% 4,453 3.0% NEWCASTLE NEWCASTLE 5 0.0% 74 0.1% 72 0.1% 106 0.1% 818 1.3% 894 0.6% STELLENBOSCH STELLENBOSCH 81 0.7% 864 0.9% 1,162 1.1% 1,904 1.6% 784 1.2% 1,674 1.1% UMHLATHUZE RICHARDS BAY 267 2.4% 218 0.2% 647 0.6% 276 0.2% 603 0.9% 787 0.5% DRAKENSTEIN PAARL 50 0.5% 609 0.6% 845 0.8% 1,092 0.9% 524 0.8% 1,243 0.8% LOCAL MUNICIPALITY OF BRITS 35 0.3% 417 0.4% 278 0.3% 233 0.2% 461 0.7% 578 0.4% MADIBENG MBOMBELA NELSPRUIT 77 0.7% 1,795 1.9% 1,453 1.4% 825 0.7% 400 0.6% 947 0.6% RANDFONTEIN RANDFONTEIN 345 3.2% 26 0.0% 71 0.1% 91 0.1% 395 0.6% 486 0.3% GEORGE GEORGE 15 0.1% 511 0.5% 146 0.1% 385 0.3% 383 0.6% 649 0.4% KWADUKUZA STANGER 59 0.5% 526 0.5% 739 0.7% 968 0.8% 381 0.6% 829 0.6% UMSHWATHI WARTBURG 0 0.0% 43 0.0% 135 0.1% 128 0.1% 344 0.5% 429 0.3% POLOKWANE POLOKWANE 13 0.1% 1,718 1.8% 401 0.4% 464 0.4% 328 0.5% 667 0.5% BITOU PLETTENBERG BAY 31 0.3% 218 0.2% 243 0.2% 282 0.2% 311 0.5% 478 0.3% BREEDE VALLEY WORCESTER 23 0.2% 144 0.1% 98 0.1% 213 0.2% 296 0.5% 460 0.3% ELIAS MOTSOALEDI GROBLERSDAL 9 0.1% 35 0.0% 71 0.1% 126 0.1% 256 0.4% 351 0.2% THE MSUNDUZI PIETERMARITZBUR 69 0.6% 1,137 1.2% 1,210 1.1% 484 0.4% 253 0.4% 639 0.4% G BUFFALO CITY EAST LONDON 130 1.2% 539 0.6% 783 0.7% 457 0.4% 239 0.4% 500 0.3% LEPHALALE ELLISRAS 6 0.1% 366 0.4% 444 0.4% 396 0.3% 208 0.3% 341 0.2% CITY OF MATLOSANA KLERKSDORP 0 0.0% 161 0.2% 757 0.7% 125 0.1% 203 0.3% 304 0.2% EMALAHLENI WITBANK 47 0.4% 263 0.3% 1,318 1.2% 875 0.7% 196 0.3% 524 0.4% BUSHBUCKRIDGE BUSHBUCKRIDGE 35 0.3% 1,120 1.2% 132 0.1% 138 0.1% 192 0.3% 308 0.2% GREATER TUBATSE BURGERSFORT 29 0.3% 26 0.0% 139 0.1% 53 0.0% 190 0.3% 204 0.1% THABAZIMBI THABAZIMBI 0 0.0% 280 0.3% 522 0.5% 367 0.3% 186 0.3% 426 0.3% MUSINA MUSINA 101 0.9% 64 0.1% 55 0.1% 119 0.1% 183 0.3% 257 0.2% SWARTLAND MALMESBURY 0 0.0% 421 0.4% 385 0.4% 280 0.2% 175 0.3% 267 0.2% BLUE CRANE ROUTE SOMERSET EAST 50 0.5% 50 0.1% 86 0.1% 187 0.2% 172 0.3% 325 0.2% EPHRAIM MOGALE 0 0.0% 71 0.1% 133 0.1% 48 0.0% 165 0.3% 210 0.1% MATJHABENG WELKOM 0 0.0% 363 0.4% 607 0.6% 303 0.3% 161 0.3% 448 0.3% MOQHAKA KROONSTAD 28 0.3% 180 0.2% 185 0.2% 172 0.1% 160 0.3% 278 0.2% MOOKGOPONG MOOKGOPHONG 44 0.4% 182 0.2% 253 0.2% 245 0.2% 160 0.3% 295 0.2% ABAQULUSI VRYHEID 104 1.0% 157 0.2% 196 0.2% 94 0.1% 160 0.2% 204 0.1% SIYANCUMA DOUGLAS 44 0.4% 238 0.2% 195 0.2% 177 0.1% 157 0.2% 227 0.2% MOGALE CITY KRUGERSDORP 36 0.3% 489 0.5% 468 0.4% 522 0.4% 153 0.2% 414 0.3% MARULENG HOEDSPRUIT 17 0.2% 295 0.3% 110 0.1% 65 0.1% 146 0.2% 178 0.1% OVERSTRAND HERMANUS 16 0.1% 292 0.3% 260 0.2% 352 0.3% 144 0.2% 313 0.2% KNYSNA KNYSNA 45 0.4% 449 0.5% 94 0.1% 324 0.3% 142 0.2% 355 0.2% MOSSEL BAY MOSSEL BAY 23 0.2% 579 0.6% 123 0.1% 57 0.0% 142 0.2% 165 0.1% NKOMAZI NKOMAZI 30 0.3% 138 0.1% 52 0.0% 120 0.1% 129 0.2% 197 0.1% RAMOTSHERE MOILOA ZEERUST 51 0.5% 79 0.1% 95 0.1% 86 0.1% 125 0.2% 166 0.1% MKHAMBATHINI CAMPERDOWN 73 0.7% 57 0.1% 40 0.0% 29 0.0% 122 0.2% 144 0.1% RUSTENBURG RUSTENBURG 60 0.5% 1,087 1.1% 323 0.3% 1,715 1.4% 120 0.2% 1,399 1.0% TOKOLOGO HERTZOGVILLE 34 0.3% 161 0.2% 101 0.1% 166 0.1% 118 0.2% 204 0.1% TSWELOPELE BULTFONTEIN 0 0.0% 68 0.1% 207 0.2% 192 0.2% 118 0.2% 267 0.2% THULAMELA THOHOYANDOU 0 0.0% 0 0.0% 44 0.0% 0 0.0% 117 0.2% 117 0.1% OTHER 966 8.8% 14,913 15.4% 15,095 14.2% 20,055 16.7% 4,750 7.4% 17,633 12.0% 10,931 97,038 105,961 119,978 64,018 146,484

19 2.1.2 Bonds

The bond activity (R Million) is:

Municipality Principal Town 2013 2014 2015 2016 YTD May 2016

CITY OF CAPE TOWN CAPE TOWN 11,931 12.4% 15,160 16.5% 20,782 17.1% 11,906 21.3% 2,003 15.5% CITY OF JOHANNESBURG JOHANNESBURG 22,065 23.0% 21,461 23.3% 31,133 25.6% 10,537 18.9% 2,553 19.8% EKURHULENI GERMISTON 6,019 6.3% 11,113 12.1% 9,691 8.0% 7,240 13.0% 3,033 23.5% ETHEKWINI DURBAN 6,792 7.1% 7,270 7.9% 8,212 6.7% 4,859 8.7% 665 5.2% CITY OF TSHWANE PRETORIA 10,219 10.6% 6,390 6.9% 13,808 11.3% 4,064 7.3% 799 6.2% NELSON MANDELA BAY PORT ELIZABETH 8,252 8.6% 3,400 3.7% 2,864 2.4% 2,850 5.1% 628 4.9% MANGAUNG BLOEMFONTEIN 765 0.8% 1,002 1.1% 1,518 1.2% 933 1.7% 81 0.6% EMFULENI VANDERBIJL PARK 1,271 1.3% 810 0.9% 584 0.5% 788 1.4% 559 4.3% UMHLATHUZE RICHARDS BAY 296 0.3% 463 0.5% 509 0.4% 758 1.4% 683 5.3% STELLENBOSCH STELLENBOSCH 1,744 1.8% 896 1.0% 811 0.7% 748 1.3% 81 0.6% BUFFALO CITY EAST LONDON 834 0.9% 1,615 1.8% 1,655 1.4% 585 1.0% 163 1.3% ELIAS MOTSOALEDI GROBLERSDAL 108 0.1% 251 0.3% 340 0.3% 403 0.7% 23 0.2% LOCAL MUNICIPALITY OF MADIBENG BRITS 445 0.5% 340 0.4% 284 0.2% 362 0.6% 15 0.1% THE MSUNDUZI PIETERMARITZBURG 891 0.9% 1,177 1.3% 771 0.6% 313 0.6% 30 0.2% KING SABATA DALINDYEBO MTHATA 1,443 1.5% 121 0.1% 188 0.2% 304 0.5% 221 1.7% JOZINI JOZINI 140 0.1% 29 0.0% 23 0.0% 300 0.5% 0 0.0% BREEDE VALLEY WORCESTER 449 0.5% 214 0.2% 545 0.4% 290 0.5% 76 0.6% CAPE AGULHAS BREDASDORP 70 0.1% 114 0.1% 201 0.2% 289 0.5% 0 0.0% POLOKWANE POLOKWANE 675 0.7% 188 0.2% 918 0.8% 265 0.5% 34 0.3% KWADUKUZA STANGER 326 0.3% 1,247 1.4% 1,872 1.5% 235 0.4% 57 0.4% MBOMBELA NELSPRUIT 1,463 1.5% 684 0.7% 1,443 1.2% 228 0.4% 0 0.0% MUSINA MUSINA 37 0.0% 20 0.0% 27 0.0% 215 0.4% 0 0.0% //KHARA HAIS UPINGTON 171 0.2% 149 0.2% 69 0.1% 213 0.4% 6 0.0% TLOKWE CITY COUNCIL POTCHEFSTROOM 438 0.5% 441 0.5% 741 0.6% 195 0.3% 26 0.2% CITY OF MATLOSANA KLERKSDORP 113 0.1% 50 0.1% 52 0.0% 182 0.3% 0 0.0% MAFIKENG MAFIKENG 80 0.1% 167 0.2% 31 0.0% 181 0.3% 0 0.0% GEORGE GEORGE 287 0.3% 664 0.7% 248 0.2% 173 0.3% 43 0.3% HIBISCUS COAST PORT SHEPSTONE 185 0.2% 174 0.2% 152 0.1% 170 0.3% 37 0.3% EMALAHLENI WITBANK 1,043 1.1% 463 0.5% 972 0.8% 166 0.3% 7 0.1% DRAKENSTEIN PAARL 1,093 1.1% 391 0.4% 415 0.3% 163 0.3% 65 0.5% LANGEBERG ROBERTSON 80 0.1% 87 0.1% 307 0.3% 159 0.3% 0 0.0% THABAZIMBI THABAZIMBI 74 0.1% 301 0.3% 164 0.1% 140 0.3% 6 0.0% THULAMELA THOHOYANDOU 15 0.0% 120 0.1% 157 0.1% 138 0.2% 0 0.0% MOQHAKA KROONSTAD 129 0.1% 212 0.2% 185 0.2% 131 0.2% 13 0.1% TSWELOPELE BULTFONTEIN 120 0.1% 167 0.2% 150 0.1% 131 0.2% 17 0.1% TOKOLOGO HERTZOGVILLE 59 0.1% 44 0.0% 98 0.1% 130 0.2% 9 0.1% BLUE CRANE ROUTE SOMERSET EAST 40 0.0% 57 0.1% 184 0.2% 121 0.2% 47 0.4% KOUGA JEFFREYS BAY 88 0.1% 83 0.1% 508 0.4% 117 0.2% 12 0.1% BLOUBERG BOCHUM 46 0.0% 94 0.1% 60 0.0% 116 0.2% 10 0.1% SOL PLAATJIE KIMBERLEY 172 0.2% 225 0.2% 715 0.6% 115 0.2% 25 0.2% MOGALE CITY KRUGERSDORP 1,051 1.1% 379 0.4% 313 0.3% 112 0.2% 26 0.2% BITOU PLETTENBERG BAY 55 0.1% 73 0.1% 134 0.1% 109 0.2% 8 0.1% MATATIELE MATATIELE 7 0.0% 115 0.1% 38 0.0% 109 0.2% 0 0.0% OVERSTRAND HERMANUS 147 0.2% 237 0.3% 838 0.7% 107 0.2% 10 0.1% GREATER TZANEEN TZANEEN 335 0.3% 38 0.0% 299 0.2% 104 0.2% 25 0.2% UMSHWATHI WARTBURG 84 0.1% 45 0.0% 94 0.1% 100 0.2% 0 0.0% LUKANJI QUEENSTOWN 88 0.1% 68 0.1% 39 0.0% 98 0.2% 10 0.1% THEEWATERSKLOOF CALEDON 155 0.2% 182 0.2% 139 0.1% 97 0.2% 13 0.1% GREATER TUBATSE BURGERSFORT 128 0.1% 537 0.6% 70 0.1% 94 0.2% 0 0.0% OTHER OTHER 13,542 14.1% 12,557 13.6% 16,478 13.5% 3,657 6.6% 772 6.0% 96,060 92,085 121,829 55,800 12,891

20 The Market Share for the top municipalities are:

Municipality ABSA BIDVEST FIRSTRAND GRINDROD INVESTEC NEDBANK STANDARD TUHF

CITY OF CAPE TOWN 2013 4.7% 0.0% 8.8% 0.0% 19.3% 55.3% 11.8% 0.0% 2014 6.4% 0.2% 7.4% 0.0% 24.4% 47.9% 13.6% 0.0% 2015 8.8% 0.0% 5.8% 1.2% 26.9% 40.0% 17.4% 0.0% 2016 YTD 4.0% 0.0% 21.8% 0.0% 22.6% 25.0% 26.5% 0.0% Jun 2015 - May 2016 7.3% 0.0% 11.9% 0.2% 26.8% 34.0% 19.7% 0.0% May 2016 1.3% 0.0% 8.7% 0.0% 30.7% 25.1% 34.2% 0.0% CITY OF 2013 4.6% 0.1% 12.0% 1.4% 10.2% 43.8% 26.5% 1.4% JOHANNESBURG 2014 4.3% 0.3% 5.8% 0.0% 26.8% 29.7% 31.0% 2.1% 2015 13.2% 0.1% 15.1% 0.3% 22.4% 36.1% 11.6% 1.3% 2016 YTD 7.9% 0.1% 5.7% 0.0% 18.5% 39.4% 28.3% 0.0% Jun 2015 - May 2016 12.9% 0.1% 13.4% 0.2% 19.0% 39.9% 14.1% 0.3% May 2016 6.1% 0.2% 7.8% 0.0% 5.2% 64.4% 16.3% 0.0% CITY OF TSHWANE 2013 7.1% 0.0% 4.7% 0.9% 20.8% 44.6% 21.5% 0.3% 2014 15.6% 0.0% 9.5% 0.0% 29.1% 33.2% 12.6% 0.0% 2015 32.4% 0.0% 5.1% 0.0% 19.4% 30.6% 12.5% 0.0% 2016 YTD 8.3% 0.0% 6.4% 0.0% 41.1% 28.9% 15.4% 0.0% Jun 2015 - May 2016 33.9% 0.0% 5.9% 0.0% 25.2% 27.4% 7.7% 0.0% May 2016 1.3% 0.0% 15.0% 0.0% 58.6% 23.2% 1.9% 0.0% EKURHULENI 2013 6.0% 0.5% 9.8% 0.0% 21.2% 47.8% 14.4% 0.3% 2014 6.7% 1.1% 20.3% 2.3% 31.2% 24.9% 13.4% 0.0% 2015 11.6% 0.0% 10.6% 0.0% 21.4% 44.0% 12.2% 0.2% 2016 YTD 34.8% 0.0% 6.9% 0.0% 7.2% 31.4% 19.8% 0.0% Jun 2015 - May 2016 24.3% 0.0% 8.1% 0.0% 13.8% 38.7% 15.1% 0.0% May 2016 1.3% 0.0% 2.2% 0.0% 5.1% 61.9% 29.5% 0.0% ETHEKWINI 2013 2.4% 0.0% 20.2% 1.2% 35.1% 33.4% 7.7% 0.0% 2014 6.0% 0.7% 12.6% 0.7% 19.5% 39.7% 20.2% 0.7% 2015 10.7% 0.0% 5.9% 0.8% 26.3% 38.4% 17.8% 0.1% 2016 YTD 8.9% 0.0% 6.6% 0.0% 17.2% 35.2% 32.1% 0.0% Jun 2015 - May 2016 11.0% 0.0% 6.3% 0.6% 20.1% 38.6% 23.3% 0.0% May 2016 44.6% 0.0% 7.3% 0.0% 8.0% 27.4% 12.7% 0.0%

21 2.2 Nodes within Municipalities

A breakdown of the nodes within the major cities highlights the areas of strong activity:

2.2.1 City of Cape Town

The transactional activity (R Million) is as follows:

Node 2013 2014 2015 2016 YTD Jun 2015 - May May 2016 2016 CAPE TOWN - SOUTHERN SUBURBS 2,306 18.2% 2,233 13.0% 3,951 20.6% 3,220 25.5% 6,122 24.7% 1,038 46.0% CAPE TOWN - VOORTREKKER ROAD 1,471 11.6% 2,421 14.1% 2,692 14.0% 3,003 23.7% 4,956 20.0% 82 3.6% CAPE TOWN - CENTRAL 2,716 21.5% 5,040 29.3% 2,777 14.5% 1,596 12.6% 3,172 12.8% 368 16.3% CAPE TOWN - ATLANTIC SEABOARD 1,557 12.3% 2,418 14.1% 3,188 16.6% 1,558 12.3% 3,366 13.6% 265 11.7% CAPE TOWN - TABLE VIEW 2,438 19.3% 2,404 14.0% 1,891 9.8% 1,046 8.3% 2,076 8.4% 176 7.8% CAPE TOWN - EAST 525 4.2% 540 3.1% 1,157 6.0% 1,024 8.1% 1,780 7.2% 65 2.9% CAPE TOWN - 724 5.7% 832 4.8% 1,414 7.4% 683 5.4% 1,756 7.1% 56 2.5% CAPE TOWN - NORTHERN SUBURBS 563 4.5% 1,012 5.9% 1,583 8.2% 389 3.1% 1,069 4.3% 111 4.9% CAPE TOWN - 349 2.8% 308 1.8% 555 2.9% 132 1.0% 461 1.9% 94 4.2% Total 12,648 17,207 19,209 12,652 24,759 2,256

22 The bond activity (R Million) is as follows:

Node 2013 2014 2015 2016 YTD Jun 2015 - May May 2016 2016 CAPE TOWN - SOUTHERN SUBURBS 1,638 13.7% 3,167 20.9% 4,216 20.3% 3,975 33.4% 6,804 26.0% 757 37.8% CAPE TOWN - TABLE VIEW 2,988 25.1% 1,565 10.3% 2,502 12.0% 3,008 25.3% 4,472 17.1% 139 6.9% CAPE TOWN - CENTRAL 2,929 24.6% 2,584 17.0% 4,398 21.2% 1,654 13.9% 4,855 18.6% 343 17.1% CAPE TOWN - ATLANTIC SEABOARD 1,031 8.6% 2,218 14.6% 2,908 14.0% 1,292 10.9% 3,542 13.5% 541 27.0% CAPE TOWN - VOORTREKKER ROAD 1,423 11.9% 1,982 13.1% 2,550 12.3% 960 8.1% 2,573 9.8% 97 4.8% CAPE TOWN - SOMERSET WEST 488 4.1% 543 3.6% 1,159 5.6% 507 4.3% 1,519 5.8% 36 1.8% CAPE TOWN - NORTHERN SUBURBS 588 4.9% 1,932 12.7% 1,640 7.9% 281 2.4% 1,072 4.1% 35 1.7% CAPE TOWN - EAST 225 1.9% 810 5.3% 1,022 4.9% 182 1.5% 976 3.7% 30 1.5% CAPE TOWN - CAPE FLATS 620 5.2% 357 2.4% 383 1.8% 46 0.4% 335 1.3% 25 1.2% Total 11,929 15,157 20,779 11,905 26,148 2,003

The Market Share is as follows:

23 24 The top commercial transactions greater than R5 million and limited to 50 for May 2016 are:

Rank Purchase Price Buyer Seller Erf Key Suburb Node

1 650,000,000 INGENUITY PROP INV LTD LEAF PROP FUND TRUST CAPE TOWN~134205~00000 RONDEBOSCH CAPE TOWN - SOUTHERN SUBURBS 2 292,000,000 LEAF PROP FUND TRUST ATTACQ LTD CAPE TOWN~134205~00000 RONDEBOSCH CAPE TOWN - SOUTHERN SUBURBS 3 169,000,000 TRUWORTHS LTD K2012150042 SOUTH AFRICA PTY LTD CAPE TOWN~9223~00000 CAPE TOWN CENTRE CAPE TOWN - CENTRAL 4 106,662,523 BRACKENFELL PROP TRUST GARDEN CITIES N P C R F MILNERTON~37373~00000 CAPE TOWN - TABLE VIEW 5 79,000,000 SOUTHERN SUN HOTEL INTERESTS CITY OF CAPE TOWN CAPE TOWN~171452~00000 CAPE TOWN CENTRE CAPE TOWN - CENTRAL PTY LTD 6 43,471,309 AMPHORIA PTY LTD SILVER STONE TRADING 24 PTY LTD DURBANVILLE~19437~00000 CAPE TOWN - NORTHERN SUBURBS 7 42,000,000 WILD DEVELOPMENTS PTY LTD LION MATCH PROP PTY LTD CAPE TOWN~114787~00000 HANOVER PARK CAPE TOWN - CAPE FLATS 8 40,000,000 NISAMART PTY LTD UNIT 4C BEACH ROAD PTY LTD CAPE TOWN~1388~00000 CAPE TOWN CENTRE CAPE TOWN - CENTRAL 9 38,000,000 TOTAL SOUTH AFRICA PTY LTD GRAAFF DAVID PIETER DE VILLIERS- CAPE RD~245~00057 CAPE TOWN - TABLE VIEW TRUSTEES 10 36,252,000 GOVERNMENT OF THE WESTERN FINISHING TOUCH TRADING 300 PTY STELLENBOSCH RD~918~00187 CAPE TOWN - SOMERSET WEST CAPE LTD 11 33,000,000 HATTI ZEPPEL FAMILY TRUST BAND SUSAN LILIAN CONSTANTIA~10922~00000 CONSTANTIA CAPE TOWN - SOUTHERN SUBURBS 12 31,250,000 BAY OF PLENTY PROP PTY LTD WETTON ROAD HOLDINGS PTY LTD CAPE TOWN~102671~00000 YORKSHIRE ESTATE CAPE TOWN - CAPE FLATS CAPE TOWN~102673~00000 YORKSHIRE ESTATE CAPE TOWN - CAPE FLATS CAPE TOWN~102674~00000 YORKSHIRE ESTATE CAPE TOWN - CAPE FLATS CAPE TOWN~62241~00000 LANSDOWNE CAPE TOWN - CAPE FLATS 13 31,000,000 HHOUSE PTY LTD XTRAPROPS 35 PTY LTD CLIFTON~517~00000 CLIFTON CAPE TOWN - ATLANTIC SEABOARD 14 26,500,000 LAGUNA TRUST LOGAN ERIC TEMPLETON CLIFTON~532~00000 CLIFTON CAPE TOWN - ATLANTIC SEABOARD 15 25,000,000 GREYSTONE TRADING 160 C C DORRINGTON CAROLINE MARY BANTRY BAY~724~00000 BANTRY BAY CAPE TOWN - ATLANTIC SEABOARD 16 25,000,000 JAMES TRUST WAINFORD FRANCES ELIZABETH BANTRY BAY~595~00000 BANTRY BAY CAPE TOWN - ATLANTIC SEABOARD 17 21,432,000 PAROW VALLEY SPAR PTY LTD FRAAISIG C C PAROW~10645~00000 PAROWVALLEI CAPE TOWN - VOORTREKKER ROAD PAROW~10646~00000 PAROWVALLEI CAPE TOWN - VOORTREKKER ROAD PAROW~22817~00000 PAROWVALLEI CAPE TOWN - VOORTREKKER ROAD 18 18,000,000 WIZARD PROP C C MAYNARD TRUST CONSTANTIA~10372~00000 CONSTANTIA CAPE TOWN - SOUTHERN SUBURBS 19 15,500,000 SALOK PTY LTD DYK MERCIA WILHELMINA VAN PAARL RD~728~00043 CAPE TOWN - NORTHERN SUBURBS 20 14,400,000 ZOOMEO TRADE PTY LTD TIJGER CLINIC PROP CO 1 PTY LTD BELLVILLE~39703~00000 LOEVENSTEIN CAPE TOWN - NORTHERN SUBURBS 21 14,250,000 GOSCOR CLEANING PROP PTY LTD XINERGISTIX INV PTY LTD BRACKENFELL~23212~00000 CAPE TOWN - EAST 22 13,400,000 ON TAP TWELVE PROP PTY LTD ROOYEN HELENA ELIZABETH VAN ~986~00000 GARDENS CAPE TOWN - CENTRAL 23 13,110,000 HENQUE 3170 C C MEDIA 24 PTY LTD MILNERTON~21273~00000 MARCONI BEAM INDUSTRIAL CAPE TOWN - TABLE VIEW 24 13,000,000 METPROP PTY LTD H A SCHIPPER PROP PTY LTD CAPE TOWN~17677~00000 PAARDEN EILAND CAPE TOWN - CENTRAL 25 12,882,000 RENCAPE INV PTY LTD P E SHELF CO NO 211 PTY LTD CAPE TOWN~115284~00000 EPPING INDUSTRIAL CAPE TOWN - VOORTREKKER ROAD 26 12,500,000 TIMBER LANE C C ALLX PROP PTY LTD PAROW~12649~00000 PAROW INDUSTRIA CAPE TOWN - VOORTREKKER ROAD 27 12,000,000 G L C DEVELOPMENT PTY LTD R & W ONTWIKKELINGS PTY LTD BRACKENFELL~23214~00000 CAPE TOWN - EAST 28 11,200,000 BSAVE BUSINESS TRUST REYNOLDS MAUREEN ANNE ~1733~00000 CAPE TOWN - ATLANTIC SEABOARD 29 10,500,000 ELLEKE HOSPITALITY PTY LTD INWONI PROP HOLDINGS PTY LTD CAPE TOWN~25146~00000 CAPE TOWN - VOORTREKKER ROAD 30 10,500,000 OAKBROOK INV PTY LTD LAMMERS KLAAS JAN CAPE TOWN~176351~00000 WATERFRONT CAPE TOWN - ATLANTIC SEABOARD 31 10,500,000 K A DICKS FAMILY TRUST COETZEE DANIEL JOHANNES CAMPS BAY~72~00000 BAKOVEN CAPE TOWN - ATLANTIC SEABOARD 32 10,300,000 MANHATTAN PROJECT PTY LTD GORDON PROP TRUST CAPE TOWN~94992~00000 GARDENS CAPE TOWN - CENTRAL 33 10,260,000 DEUCEPROPS 2 C C OPPERTUNE TRADING 29 C C BANTRY BAY~358~00000 BANTRY BAY CAPE TOWN - ATLANTIC SEABOARD 34 10,000,000 GOLDEN ROCK PROP PTY LTD AVANTI GUEST HOUSE C C BANTRY BAY~165~00000 BANTRY BAY CAPE TOWN - ATLANTIC SEABOARD 35 10,000,000 G E C M VAN DYK TRUST G H FAMILY HOLDINGS PTY LTD MONTAGUE GARDENS~6756~00000 CENTURY CITY CAPE TOWN - TABLE VIEW 36 9,850,000 C I S C PTY LTD S A IF INV C C PAROW~22310~00000 PAROW CENTRAL CAPE TOWN - VOORTREKKER ROAD 37 9,843,749 BRICK N BOARD C C EXCLUSIVE ACCESS TRADING 569 PTY BRACKENFELL~20833~00000 BURGUNDY CAPE TOWN - EAST LTD 38 9,843,749 MOROW INV 375 C C BRICK N BOARD C C BRACKENFELL~20833~00000 BURGUNDY CAPE TOWN - EAST 39 9,750,000 VIOLET SWIFT 3 PTY LTD MARANEY HILARY LILLIAN BANTRY BAY~324~00000 BANTRY BAY CAPE TOWN - ATLANTIC SEABOARD 40 9,500,000 NEWSHELF 1330 PTY LTD LEVIN ISSY ~3326~00000 ORANJEZICHT CAPE TOWN - CENTRAL 41 9,120,000 MEBESA INV C C OPPERTUNE TRADING 29 C C BANTRY BAY~358~00000 BANTRY BAY CAPE TOWN - ATLANTIC SEABOARD 42 9,000,000 A & L BUSINESSTRUST PANDERO INV 136 C C CAPE TOWN~148922~00000 AIRPORT INDUSTRIA CAPE TOWN - VOORTREKKER ROAD 43 9,000,000 LANCEPROP PTY LTD CENTRONE PROP C C CAPE TOWN~171451~00000 LANSDOWNE CAPE TOWN - CAPE FLATS 44 8,950,000 LATEGAN FAMILY TRUST BURLINGHAM ALASTAIR WILLIAM CAMPS BAY~2565~00000 CAMPS BAY CAPE TOWN - ATLANTIC SEABOARD 45 8,850,000 VAYA CON DIOS TRUST ALBERTS PIERRETTE DURBANVILLE~14503~00000 WELGEVONDEN ESTATE CAPE TOWN - NORTHERN SUBURBS 46 8,700,000 KANOBA TRADING & INV PTY LTD SUSSENS CAROLYN MARGARET CAPE TOWN~158579~00000 WATERFRONT CAPE TOWN - ATLANTIC SEABOARD LOUISE 47 8,300,000 CENTURY BLUE TRUST CENTURY CITY PROP INV TRUST CAPE TOWN~161545~00000 KENILWORTH CAPE TOWN - SOUTHERN SUBURBS 48 8,000,000 SERENO PROP NO 7 PTY LTD DIVAN HARTSHORNE BELEGGINGS BELLVILLE~38899~00000 KANONBERG CAPE TOWN - NORTHERN SUBURBS PTY LTD 49 8,000,000 SOVEREIGN SEEKER INV 77 PTY LTD BOSHOFF LIZZELL ~1208~00000 NORTHSHORE CAPE TOWN - ATLANTIC SEABOARD 50 8,000,000 BLACK SQUARE COMMERCIAL PROP WALL TRUST MILNERTON~21780~00000 KILLARNEY GARDENS CAPE TOWN - TABLE VIEW PTY LTD MILNERTON~21781~00000 KILLARNEY GARDENS CAPE TOWN - TABLE VIEW

Directors of these companies are:

Rank Buyer First Name Surname

1 INGENUITY PROP INV LTD DENNIS BARRY FABIAN ANDREW JOHN BRANCH RODNEY SQUIRE HOWE JOHN BIELICH MARK WAGENHEIM 25 1 INGENUITY PROP INV LTD LEON HOWARD COHEN JOAN SOLMS ARNOLD AARON MARESKY RAYMOND SELWYN SCHUR 2 LEAF PROP FUND TRUST 3 TRUWORTHS LTD MICHAEL SAMUEL MARK DOUGLAS NORMAN DARE DAVID BRIAN PFAFF CHRISTOPHER DURHAM SEAN CHRISTOPHER FURLONG SARAH JANE PROUDFOOT 4 BRACKENFELL PROP TRUST 5 SOUTHERN SUN HOTEL INTERESTS PTY LTD PETRUS JACOBUS BOSHOFF FIDEZIS VUSI DLAMINI ROBERT BRIAN HUDDY LAURELLE MCDONALD RICHARD FREDERICK WEILERS 6 AMPHORIA PTY LTD ANTON CORNELIUS MULDER ROBERT MARK HOWARTH PETER NICHOLAS BACON 7 WILD DEVELOPMENTS PTY LTD RUSSELL JAMES BLANE JANIS PETA TUBB PHILIP SIGSWORTH 8 NISAMART PTY LTD PAUL JOHN HAILWOOD JOHAN FRANCK 9 TOTAL SOUTH AFRICA PTY LTD PATRICK WAECHTER LEON CROUSE CHRISTIAN MARIE REGIS DES CLOSIERES JORET DOLLY DOREEN MOKGATLE OLIVIER ALAIN DEVOUASSOUX MOMAR SALIOU NGUER NEVILLE JOHN WILLIAMS EMILY PATIENCE MEKWA GOODENOUGH SIPHO MSELEKU NATACHIA JUNE MOORGAS SHUMANI LAWRENCE MULAUDZI 10 GOVERNMENT OF THE 11 HATTI ZEPPEL FAMILY TRUST 12 BAY OF PLENTY PROP PTY LTD 13 HHOUSE PTY LTD DANIE VILJOEN 14 LAGUNA TRUST 15 GREYSTONE TRADING 160 C C ROMAO PEDRO DA LUZ GONCALVES 16 JAMES TRUST 17 PAROW VALLEY SPAR PTY LTD 18 WIZARD PROP C C MARK REMON SOROUR PREMIUM CORPORATE CONSULTING SERVICES 19 SALOK PTY LTD REGHARDT VAN ZYL ANTONIE EGBERT JACOBS TINUS VAN KAMPEN 20 ZOOMEO TRADE PTY LTD DUDLEY CHARLES ANNENBERG PAUL OLIVER SAUER MEAKER 21 GOSCOR CLEANING PROP PTY LTD ANTONY GEORGE SIDDLE ANTHONY NEIL WILSON FRANCOIS OTTO 22 ON TAP TWELVE PROP PTY LTD RAYMOND GERHARDUS HASSELERHARM MARIA GEORGINA ANNE MC CLOUGHAN 23 HENQUE 3170 C C CHARL PIERRE DE WET AS REPRESENTATIVE OF THE CP DE WET TRUST IT5025/2006 24 METPROP PTY LTD CHARLES DENBY NEEDHAM STOCKTON ANTHONY SIMON MALONE ROY PETER MORREIRA SIGRID RUTH GOEDEKE 25 RENCAPE INV PTY LTD 26 TIMBER LANE C C PREMIUM CORPORATE CONSULTING SERVICES RICHARD LANE AYRES 27 G L C DEVELOPMENT PTY LTD GERHARD LOTTER CONRADIE 28 BSAVE BUSINESS TRUST 29 ELLEKE HOSPITALITY PTY LTD CHRISTIAN ELLEKE 30 OAKBROOK INV PTY LTD ALLANJAMES FLYNN MUNDELL TERRY ROSENBERG 31 K A DICKS FAMILY TRUST 32 MANHATTAN PROJECT PTY LTD SHAD TRISTAN COTTELLI 33 DEUCEPROPS 2 C C HILTON ROY HALL 26 34 GOLDEN ROCK PROP PTY LTD 35 G E C M VAN DYK TRUST 36 C I S C PTY LTD MOHAMMED IRSHAD DARSOT AHMED 37 BRICK N BOARD C C NATASJA RABE PREMIUM CORPORATE CONSULTING SERVICES 38 MOROW INV 375 C C HENDRIK JOHANNES JOUBERT LE ROY VILJOEN LESLIE VILJOEN 39 VIOLET SWIFT 3 PTY LTD JUSTIN NICHLAS DIVARIS CONSTANTINE DIVARIS 40 NEWSHELF 1330 PTY LTD 41 MEBESA INV C C MERLIN STUART STOLS BETH MARGARET STOLS 42 A & L BUSINESSTRUST 43 LANCEPROP PTY LTD ROELOF PIETER LOXTON COLIN CHRISTO DE BRUYN THAVAN PADAYACHI MARCO LUIGI TOGNOCCHI ABDOOL KADER CASSIM PEER PETER RAYMOND COLE GANGARAM HARIPARSAD 44 LATEGAN FAMILY TRUST 45 VAYA CON DIOS TRUST 46 KANOBA TRADING & INV PTY LTD JOSEF ANTON GRUTER RUSSELL DESMOND SABOR MICHAEL VERMOOTEN 47 CENTURY BLUE TRUST 48 SERENO PROP NO 7 PTY LTD YOLANDA VAN WYK 49 SOVEREIGN SEEKER INV 77 PTY LTD DAMIAN WINSTON ENSLIN 50 BLACK SQUARE COMMERCIAL PROP PTY LTD GREGORY KRUGER

The top commercial mortgages greater than R5 million and limited to 50 in May 2016 are:

Rank Bond Amount Buyer Bank Erf Key Suburb Node First Transaction at

1 650,000,000 ATTACQ LTD STANDARD CAPE TOWN~134205~00000 RONDEBOSCH CAPE TOWN - SOUTHERN 201605 SUBURBS 2 175,000,000 ALSID PROP PTY LTD INVESTEC SEA POINT EAST~1025~00000 SEA POINT CAPE TOWN - ATLANTIC 201605 SEABOARD 3 130,000,000 BLOK URBAN LIVING PTY LTD INVESTEC SEA POINT WEST~1244~00000 CAPE TOWN - ATLANTIC 201507 SEABOARD 4 105,000,000 NISAMART PTY LTD NEDBANK CAPE TOWN~1388~00000 CAPE TOWN CENTRE CAPE TOWN - CENTRAL 201605 5 100,000,000 GREGGALEIGH HOLDINGS PTY LTD INVESTEC CLIFTON~246~00000 CLIFTON CAPE TOWN - ATLANTIC 201605 SEABOARD 6 95,000,000 BRANDT BROTHERS INV C C NEDBANK MONTAGUE GARDENS~7058~00000 CENTURY CITY CAPE TOWN - TABLE VIEW 201605 95,000,000 RABIE PROP GROUP PTY LTD NEDBANK MONTAGUE GARDENS~7058~00000 CENTURY CITY CAPE TOWN - TABLE VIEW 201602 95,000,000 SADE CAPITAL PTY LTD NEDBANK MONTAGUE GARDENS~7058~00000 CENTURY CITY CAPE TOWN - TABLE VIEW 201605 95,000,000 YESA INV C C NEDBANK MONTAGUE GARDENS~7058~00000 CENTURY CITY CAPE TOWN - TABLE VIEW 201605 7 82,000,000 INGENUITY PROP INV LTD NEDBANK CAPE TOWN~177455~00000 CAPE TOWN - SOUTHERN 201305 SUBURBS 8 75,000,000 SIGNATURE HOMES PTY LTD INVESTEC GREEN POINT~2177~00000 CAPE TOWN - ATLANTIC 201605 SEABOARD 75,000,000 STOLLER & EDGAR PROP C C INVESTEC GREEN POINT~2177~00000 CAPE TOWN - ATLANTIC 201605 SEABOARD 9 70,000,000 ROBERTSON & CAINE PROP PTY LTD FIRSTRAND CAPE TOWN~168067~00000 WOODSTOCK CAPE TOWN - CENTRAL 201605 10 67,000,000 MTBKING TRUST INVESTEC BANTRY BAY~919~00000 BANTRY BAY CAPE TOWN - ATLANTIC 201605 SEABOARD 11 65,000,000 HENTIQ 2897 PTY LTD OTHER BANK SEA POINT WEST~984~00000 SEA POINT CAPE TOWN - ATLANTIC 201605 SEABOARD 12 60,000,000 SAGE INV TRUST FIRSTRAND ROGGEBAAI~225~00000 CAPE TOWN - CENTRAL 201605 ROGGEBAAI~42~00000 ROGGEBAAI CAPE TOWN - CENTRAL 201605 ROGGEBAAI~43~00000 ROGGEBAAI CAPE TOWN - CENTRAL 201605 ROGGEBAAI~44~00000 ROGGEBAAI CAPE TOWN - CENTRAL 201605 ROGGEBAAI~45~00000 ROGGEBAAI CAPE TOWN - CENTRAL 201605 ROGGEBAAI~46~00000 ROGGEBAAI CAPE TOWN - CENTRAL 201605 13 48,000,000 BEADICA 109 C C NEDBANK CAPE TOWN~177298~00000 CAPE TOWN - SOUTHERN 201605 SUBURBS 14 40,000,000 BENGASCOPE PTY LTD NEDBANK CAPE TOWN~170697~00000 GARDENS CAPE TOWN - CENTRAL 201605 15 36,000,000 K2015047837 SOUTH AFRICA PTY LTD INVESTEC SITARI~244~00000 SITARI CAPE TOWN - SOMERSET WEST 201605 16 36,000,000 KANOTECH INV PTY LTD NEDBANK BELLVILLE~28975~00000 HEEMSTEDE CAPE TOWN - VOORTREKKER 201605 ROAD 17 33,000,000 HHOUSE PTY LTD INVESTEC CLIFTON~121~00000 CLIFTON CAPE TOWN - ATLANTIC 201605 SEABOARD CLIFTON~517~00000 CLIFTON CAPE TOWN - ATLANTIC 201605 SEABOARD 18 30,277,568 V CIOLLI PTY LTD FIRSTRAND ~17973~00000 STIKLAND CAPE TOWN - EAST 201605 19 30,000,000 FRAAISIG C C NEDBANK PAROW~10645~00000 PAROWVALLEI CAPE TOWN - VOORTREKKER 201605 ROAD

27 19 30,000,000 FRAAISIG C C NEDBANK PAROW~10646~00000 PAROWVALLEI CAPE TOWN - VOORTREKKER 201605 ROAD PAROW~22817~00000 PAROWVALLEI CAPE TOWN - VOORTREKKER 201605 ROAD 20 30,000,000 AUTUMN FIRE INV PTY LTD NEDBANK BELLVILLE~10968~00000 BELLVILLE CENTRE CAPE TOWN - VOORTREKKER 201605 ROAD MILNERTON~21691~00000 KILLARNEY GARDENS CAPE TOWN - TABLE VIEW 201605 MILNERTON~21765~00000 KILLARNEY GARDENS CAPE TOWN - TABLE VIEW 201605 MILNERTON~21766~00000 KILLARNEY GARDENS CAPE TOWN - TABLE VIEW 201605 30,000,000 MASTERPROPS 271 PTY LTD NEDBANK BURGUNDY~15~00000 BURGUNDY ESTATE CAPE TOWN - NORTHERN 201605 SUBURBS 30,000,000 STAND SIX FOUR ZERO NEDBANK MILNERTON~34108~00000 KILLARNEY GARDENS CAPE TOWN - TABLE VIEW 201605 DOORNFONTEIN PTY LTD 30,000,000 VALID TRADE 23 PTY LTD NEDBANK BELLVILLE~21657~00000 BELLVILLE CENTRE CAPE TOWN - VOORTREKKER 201605 ROAD 21 25,000,000 BAY OF PLENTY PROP PTY LTD NEDBANK CAPE TOWN~62241~00000 LANSDOWNE CAPE TOWN - CAPE FLATS 201605 25,000,000 WETTON ROAD HOLDINGS PTY LTD NEDBANK CAPE TOWN~102671~00000 YORKSHIRE ESTATE CAPE TOWN - CAPE FLATS 201605 CAPE TOWN~102673~00000 YORKSHIRE ESTATE CAPE TOWN - CAPE FLATS 201605 CAPE TOWN~102674~00000 YORKSHIRE ESTATE CAPE TOWN - CAPE FLATS 201605 22 25,000,000 MTBKING TRUST INVESTEC BANTRY BAY~541~00000 BANTRY BAY CAPE TOWN - ATLANTIC 201605 SEABOARD 23 21,700,000 DORMELL PROP 142 PTY LTD INVESTEC CAPE TOWN~2289~00000 CAPE TOWN - SOUTHERN 201605 SUBURBS CAPE TOWN~2290~00000 CAPE TOWN - SOUTHERN 201605 SUBURBS CAPE TOWN~2291~00000 CAPE TOWN CENTRE CAPE TOWN - CENTRAL 201605 CAPE TOWN~2292~00000 CAPE TOWN - SOUTHERN 201605 SUBURBS CAPE TOWN~2293~00000 CAPE TOWN - SOUTHERN 201605 SUBURBS CAPE TOWN~2294~00000 CAPE TOWN - SOUTHERN 201605 SUBURBS CAPE TOWN~2295~00000 CAPE TOWN - SOUTHERN 201605 SUBURBS 24 20,000,000 SQUARE TURN PTY LTD NEDBANK CAMPS BAY~3248~00000 CAPE TOWN - ATLANTIC 201605 SEABOARD CAMPS BAY~3249~00000 CAPE TOWN - ATLANTIC 201605 SEABOARD 25 20,000,000 SIR LOWRY DIESEL DEPOT PROP C C INVESTEC CAPE TOWN~65552~00000 KENILWORTH CAPE TOWN - SOUTHERN 201605 SUBURBS CAPE TOWN~65553~00000 KENILWORTH CAPE TOWN - SOUTHERN 201605 SUBURBS 26 17,000,000 DESK INV PTY LTD FIRSTRAND CAPE TOWN~160340~00000 CAPE TOWN - SOUTHERN 201309 SUBURBS 27 16,600,000 TIMBER LANE C C NEDBANK PAROW~12649~00000 PAROW INDUSTRIA CAPE TOWN - VOORTREKKER 201605 ROAD PAROW~16596~00000 PAROW INDUSTRIA CAPE TOWN - VOORTREKKER 201605 ROAD 28 16,000,000 ZOOMEO TRADE PTY LTD INVESTEC BELLVILLE~39703~00000 LOEVENSTEIN CAPE TOWN - NORTHERN 201605 SUBURBS 29 15,000,000 T C W PROP MANAGEMENT PTY LTD NEDBANK CAPE TOWN~9394~00000 CAPE TOWN - CENTRAL 201605 30 15,000,000 K A DICKS FAMILY TRUST NEDBANK CAMPS BAY~72~00000 BAKOVEN CAPE TOWN - ATLANTIC 201605 SEABOARD 31 14,000,000 RAPTOR CAPITAL NO 1 PTY LTD INVESTEC MILNERTON~35253~00000 SUNRIDGE CAPE TOWN - TABLE VIEW 201209 32 13,000,000 SALOK PTY LTD FIRSTRAND PAARL RD~728~00043 CAPE TOWN - NORTHERN 201605 SUBURBS 33 10,500,000 OAKBROOK INV PTY LTD INVESTEC CAPE TOWN~176351~00000 WATERFRONT CAPE TOWN - ATLANTIC 201605 SEABOARD 34 10,000,000 GREYSTONE TRADING 160 C C OTHER BANK BANTRY BAY~724~00000 BANTRY BAY CAPE TOWN - ATLANTIC 201605 SEABOARD 35 9,000,000 EMBASSY HILL PTY LTD NEDBANK CONSTANTIA~864~00000 WITTEBOOMEN CAPE TOWN - SOUTHERN 201605 SUBURBS 36 8,175,000 SECRIVEST TWENTY EIGHT PTY LTD STANDARD CAPE TOWN~168478~00000 AIRPORT INDUSTRIA CAPE TOWN - VOORTREKKER 201605 ROAD 37 8,000,000 BLACK SQUARE COMMERCIAL PROP STANDARD MILNERTON~21780~00000 KILLARNEY GARDENS CAPE TOWN - TABLE VIEW 201605 PTY LTD MILNERTON~21781~00000 KILLARNEY GARDENS CAPE TOWN - TABLE VIEW 201605 38 8,000,000 DEUCEPROPS 2 C C INVESTEC BANTRY BAY~358~00000 BANTRY BAY CAPE TOWN - ATLANTIC 201605 SEABOARD 39 7,160,000 LATEGAN FAMILY TRUST ABSA CAMPS BAY~2565~00000 CAMPS BAY CAPE TOWN - ATLANTIC 201605 SEABOARD 40 7,000,000 RYGATE TRUST INVESTEC CAPE TOWN~176375~00000 CAPE TOWN - SOUTHERN 201605 SUBURBS 41 6,800,000 10B KLOOFNEK ROAD C C NEDBANK TAMBOERSKLOOF~978~00000 GARDENS CAPE TOWN - CENTRAL 201605 42 6,500,000 DALEGLEN TRUST NEDBANK CAPE TOWN~74188~00000 PLUMSTEAD CAPE TOWN - SOUTHERN 201605 SUBURBS 43 6,500,000 A A E PROP PTY LTD OTHER BANK GOODWOOD~9444~00000 RICHMOND ESTATE CAPE TOWN - VOORTREKKER 201605 ROAD 44 6,405,000 L V A PROP PTY LTD INVESTEC CAPE TOWN~2155~00000 CAPE TOWN CENTRE CAPE TOWN - CENTRAL 201605 45 6,300,000 A & L BUSINESSTRUST STANDARD CAPE TOWN~148922~00000 AIRPORT INDUSTRIA CAPE TOWN - VOORTREKKER 201605 ROAD 46 6,300,000 RESPONSIVE REALTY PTY LTD ABSA CAPE TOWN~144411~00000 WOODSTOCK CAPE TOWN - CENTRAL 201605 47 6,200,000 VAN DER MERWE VENTER 24 PTY ABSA CAPE TOWN~110367~00000 PAARDEN EILAND CAPE TOWN - CENTRAL 201605 LTD 48 6,000,000 KALAHARI TSAMMA TRUST SA HOMELOANS MELKBOSCH STRAND~3558~00000 ATLANTIC BEACH GOLF ESTATE CAPE TOWN - TABLE VIEW 201605 49 6,000,000 ON TAP TWELVE PROP PTY LTD NEDBANK TAMBOERSKLOOF~980~00000 GARDENS CAPE TOWN - CENTRAL 201605 TAMBOERSKLOOF~986~00000 GARDENS CAPE TOWN - CENTRAL 201605 50 6,000,000 MORNING TIDE INV 183 PTY LTD ABSA BLAAUWBERGSTRAND~42~00000 CAPE TOWN - TABLE VIEW 201605

Directors of these companies are: 28 Rank Buyer First Name Surname

1 ATTACQ LTD 2 ALSID PROP PTY LTD 3 BLOK URBAN LIVING PTY LTD JACQUES ELIAZER VAN EMBDEN 4 NISAMART PTY LTD PAUL JOHN HAILWOOD JOHAN FRANCK 5 GREGGALEIGH HOLDINGS PTY LTD BERNARD KANTOR ALTRON MANAGEMENT SERVICES (PTY) LTD 6 YESA INV C C KEEMESH KRISHNA KASSEN NEEROJ KANTILAL DAYA JAYVANT VASSEN RAVI JAGA MAHESH KANTILAL VASSEN MANOJ CHAUHAN SADE CAPITAL PTY LTD MORNE MARTIN EDAS BRANDT BROTHERS INV C C RICHARD JAMES BRANDT MICHAEL CRAIG BRANDT RABIE PROP GROUP PTY LTD 7 INGENUITY PROP INV LTD DENNIS BARRY FABIAN ANDREW JOHN BRANCH RODNEY SQUIRE HOWE JOHN BIELICH MARK WAGENHEIM LEON HOWARD COHEN JOAN SOLMS ARNOLD AARON MARESKY RAYMOND SELWYN SCHUR 8 STOLLER & EDGAR PROP C C JOHN MORTIMER EDGAR JONATHAN PAUL STOLLER SIGNATURE HOMES PTY LTD DAVID HILLEL COHEN JONATHAN SHAWN RABIE 9 ROBERTSON & CAINE PROP PTY LTD ALETHA MARIA DU PLESSIS CLINTON JONES JOHN BRIAN ROBERTSON SHAUN NOEL FRANKISH DARSHAN DAYA 10 MTBKING TRUST 11 HENTIQ 2897 PTY LTD ROMAO PEDRO DA LUZ GONCALVES 12 SAGE INV TRUST 13 BEADICA 109 C C DAVID RICHARD HEPBURN WELSH 14 BENGASCOPE PTY LTD GIANCARLO LANFRANCHI JULIAN DANIEL REYNOLDS 15 K2015047837 SOUTH AFRICA PTY LTD 16 KANOTECH INV PTY LTD STEPHANUS HEINRICH EHLERS 17 HHOUSE PTY LTD DANIE VILJOEN 18 V CIOLLI PTY LTD JONATHAN RAYMOND LOW GEORGE HUGH GRIEVE JOHN ANDREW BROMLEY GRIEVE 19 FRAAISIG C C 20 MASTERPROPS 271 PTY LTD GILBERTO MASCARENHAS FONSECA AUTUMN FIRE INV PTY LTD GILBERTO MASCARENHAS FONSECA VALID TRADE 23 PTY LTD GILBERTO MASCARENHAS FONSECA STAND SIX FOUR ZERO DOORNFONTEIN PTY LTD GILBERTO MASCARENHAS FONSECA 21 WETTON ROAD HOLDINGS PTY LTD BAY OF PLENTY PROP PTY LTD 23 DORMELL PROP 142 PTY LTD NICHOLAS SCOTT FERGUSON JODY AUFRICHTIG 24 SQUARE TURN PTY LTD JEAN-MARIE STANISLAS DE BUCK VAN PIERRE ANTOINE GHISLAIN OVERSTRAETEN FREDERIK WILFRIED BAERT 25 SIR LOWRY DIESEL DEPOT PROP C C DAVID FRANCOIS THERON 26 DESK INV PTY LTD 27 TIMBER LANE C C PREMIUM CORPORATE CONSULTING SERVICES RICHARD LANE AYRES 28 ZOOMEO TRADE PTY LTD DUDLEY CHARLES ANNENBERG PAUL OLIVER SAUER MEAKER 29 T C W PROP MANAGEMENT PTY LTD THOMAS WEYLANDT 30 K A DICKS FAMILY TRUST 31 RAPTOR CAPITAL NO 1 PTY LTD RAYMOND RESNICK GERARD KRECKLENBERG 32 SALOK PTY LTD REGHARDT VAN ZYL ANTONIE EGBERT JACOBS TINUS VAN KAMPEN

29 33 OAKBROOK INV PTY LTD ALLANJAMES FLYNN MUNDELL TERRY ROSENBERG 34 GREYSTONE TRADING 160 C C ROMAO PEDRO DA LUZ GONCALVES 35 EMBASSY HILL PTY LTD GLYNIS JUDITH HYSLOP 36 SECRIVEST TWENTY EIGHT PTY LTD GREGORY KRUGER 37 BLACK SQUARE COMMERCIAL PROP PTY LTD GREGORY KRUGER 38 DEUCEPROPS 2 C C HILTON ROY HALL 39 LATEGAN FAMILY TRUST 40 RYGATE TRUST 41 10B KLOOFNEK ROAD C C RIAN OLIVIER MAARTENS 42 DALEGLEN TRUST 43 A A E PROP PTY LTD 44 L V A PROP PTY LTD LESLIE SWEIDAN 45 A & L BUSINESSTRUST 46 RESPONSIVE REALTY PTY LTD ANDREW CRAIG MC ELROY MARSH EDWARD MIDDLETON 47 VAN DER MERWE VENTER 24 PTY LTD KEITH JULIAN BLACHER IVAN BLACHER CRAIG DUDLEY MYBURGH 48 KALAHARI TSAMMA TRUST 49 ON TAP TWELVE PROP PTY LTD RAYMOND GERHARDUS HASSELERHARM MARIA GEORGINA ANNE MC CLOUGHAN 50 MORNING TIDE INV 183 PTY LTD ANDRE OTTO LAAS

30 2.1.2 City of Johannesburg

The transactional activity (R Million) is as follows:

Node 2013 2014 2015 2016 YTD Jun 2015 - May May 2016 2016 JOHANNESBURG - CBD/BRAAMFONTEIN 1,666 8.1% 1,952 6.4% 2,232 7.5% 1,470 13.5% 3,109 9.2% 526 26.7% JOHANNESBURG - SANDTON 2,757 13.5% 4,474 14.6% 6,346 21.3% 1,686 15.5% 7,267 21.5% 232 11.8% EKURHULENI - BEDFORDVIEW 1,792 8.8% 1,998 6.5% 936 3.1% 960 8.8% 1,693 5.0% 568 28.8% JOHANNESBURG - LINBRO PARK/GREENSTONE 900 4.4% 2,113 6.9% 1,363 4.6% 1,102 10.1% 2,192 6.5% 42 2.2% JOHANNESBURG - BRYANSTON 833 4.1% 1,711 5.6% 2,282 7.7% 1,063 9.8% 2,538 7.5% 48 2.4% JOHANNESBURG - MIDRAND/KYALAMI 2,012 9.8% 2,167 7.1% 2,302 7.7% 783 7.2% 2,674 7.9% 161 8.2% JOHANNESBURG - FOURWAYS/NORTHGATE 1,415 6.9% 3,740 12.2% 3,430 11.5% 773 7.1% 3,481 10.3% 54 2.7% JOHANNESBURG - ROSEBANK/MELROSE 2,184 10.7% 1,550 5.0% 3,181 10.7% 791 7.3% 3,287 9.7% 33 1.7% JOHANNESBURG - WEST 1,315 6.4% 3,080 10.0% 1,794 6.0% 530 4.9% 1,590 4.7% 49 2.5% JOHANNESBURG - SUNNINGHILL/RIVONIA 731 3.6% 1,404 4.6% 1,137 3.8% 398 3.7% 984 2.9% 10 0.5% JOHANNESBURG - HOUGHTON ESTATE 459 2.2% 980 3.2% 388 1.3% 338 3.1% 569 1.7% 14 0.7% JOHANNESBURG - DENVER/KENSINGTON/BRUMA 213 1.0% 750 2.4% 698 2.3% 202 1.9% 821 2.4% 87 4.4% JOHANNESBURG - WYNBERG 317 1.6% 1,151 3.8% 570 1.9% 215 2.0% 644 1.9% 72 3.7% JOHANNESBURG - 2,347 11.5% 804 2.6% 1,127 3.8% 188 1.7% 1,096 3.2% 11 0.6% JOHANNESBURG - 440 2.2% 1,481 4.8% 745 2.5% 131 1.2% 798 2.4% 29 1.5% JOHANNESBURG - CRESTA/FAIRLAND 286 1.4% 381 1.2% 350 1.2% 110 1.0% 362 1.1% 18 0.9% NOT ALLOCATED 529 2.6% 411 1.3% 327 1.1% 118 1.1% 392 1.2% 8 0.4% JOHANNESBURG - / 250 1.2% 540 1.8% 562 1.9% 19 0.2% 298 0.9% 8 0.4% Total 20,445 30,690 29,770 10,879 33,797 1,970

31 The bond activity (R Million) is as follows:

Node 2013 2014 2015 2016 YTD Jun 2015 - May May 2016 2016 JOHANNESBURG - SANDTON 3,339 15.1% 4,763 22.2% 6,427 20.6% 2,186 20.7% 7,553 22.3% 917 35.9% JOHANNESBURG - CBD/BRAAMFONTEIN 3,212 14.6% 951 4.4% 4,010 12.9% 1,465 13.9% 4,892 14.4% 556 21.8% JOHANNESBURG - LINBRO PARK/GREENSTONE 3,164 14.3% 1,934 9.0% 3,704 11.9% 1,325 12.6% 3,981 11.8% 43 1.7% JOHANNESBURG - HOUGHTON ESTATE 277 1.3% 437 2.0% 265 0.9% 744 7.1% 825 2.4% 156 6.1% JOHANNESBURG - FOURWAYS/NORTHGATE 2,041 9.3% 1,896 8.8% 1,937 6.2% 702 6.7% 1,822 5.4% 54 2.1% JOHANNESBURG - MIDRAND/KYALAMI 1,068 4.8% 948 4.4% 2,110 6.8% 533 5.1% 2,100 6.2% 323 12.6% JOHANNESBURG - WYNBERG 191 0.9% 585 2.7% 427 1.4% 456 4.3% 760 2.2% 14 0.6% EKURHULENI - BEDFORDVIEW 906 4.1% 478 2.2% 1,266 4.1% 455 4.3% 1,297 3.8% 115 4.5% JOHANNESBURG - ROSEBANK/MELROSE 1,738 7.9% 4,112 19.2% 2,885 9.3% 448 4.2% 2,684 7.9% 77 3.0% JOHANNESBURG - BRYANSTON 982 4.4% 667 3.1% 3,178 10.2% 405 3.8% 3,086 9.1% 70 2.7% JOHANNESBURG - WEST 766 3.5% 636 3.0% 1,133 3.6% 369 3.5% 1,072 3.2% 13 0.5% JOHANNESBURG - PARKTOWN 376 1.7% 367 1.7% 808 2.6% 350 3.3% 1,135 3.4% 50 2.0% JOHANNESBURG - SOWETO/ORANGE FARM 762 3.5% 199 0.9% 810 2.6% 319 3.0% 813 2.4% 23 0.9% JOHANNESBURG - RANDBURG 464 2.1% 629 2.9% 673 2.2% 316 3.0% 638 1.9% 14 0.5% JOHANNESBURG - SUNNINGHILL/RIVONIA 2,183 9.9% 735 3.4% 769 2.5% 190 1.8% 488 1.4% 65 2.5% JOHANNESBURG - 160 0.7% 259 1.2% 239 0.8% 177 1.7% 291 0.9% 51 2.0% DENVER/KENSINGTON/BRUMA JOHANNESBURG - CRESTA/FAIRLAND 225 1.0% 379 1.8% 366 1.2% 92 0.9% 310 0.9% 12 0.5% NOT ALLOCATED 211 1.0% 1,484 6.9% 125 0.4% 6 0.1% 124 0.4% 0 0.0% Total 22,063 21,459 31,131 10,536 33,871 2,553

The Market Share is as follows:

32 33 The top commercial transactions greater than R5 million and limited to 50 for May 2016 are:

Rank Purchase Price Buyer Seller Erf Key Suburb Node

1 495,000,000 REBOSIS PROP FUND LTD TUPELO PROP PTY LTD NEWTOWN~585~00000 NEWTOWN JOHANNESBURG - CBD/BRAAMFONTEIN NEWTOWN~604~00000 NEWTOWN JOHANNESBURG - CBD/BRAAMFONTEIN 2 240,524,263 CAPITAL PROPFUND PTY LTD FIRSTRAND BANK LTD CITY DEEP~29~00000 CITY DEEP EKURHULENI - BEDFORDVIEW 3 240,524,263 CAPITAL PROPFUND PTY LTD FIRSTRAND BANK LTD CITY DEEP~243~00000 CITY DEEP EKURHULENI - BEDFORDVIEW CITY DEEP~29~00001 EKURHULENI - BEDFORDVIEW 4 176,436,477 M M I GROUP LTD TERAMA PTY LTD SANDOWN~11~00001 SANDOWN JOHANNESBURG - SANDTON METROPOLITAN LIFE LTD TERAMA PTY LTD SANDOWN~11~00001 SANDOWN JOHANNESBURG - SANDTON 5 155,621,193 FIRSTRAND BANK LTD PANGBOURNE PROP LTD CITY DEEP~29~00000 CITY DEEP EKURHULENI - BEDFORDVIEW 6 155,621,193 FIRSTRAND BANK LTD PANGBOURNE PROP LTD CITY DEEP~243~00000 CITY DEEP EKURHULENI - BEDFORDVIEW 7 79,000,000 VAAL VALUE WAREHOUSE PTY LTD CRACKLEFERN PROP 24 PTY LTD ERAND GARDENS~109~00000 ERAND GARDENS JOHANNESBURG - MIDRAND/KYALAMI 8 75,000,000 K2014128865 PTY LTD DREAMFAIR PROP 34 PTY LTD SANDHURST~262~00000 JOHANNESBURG - SANDTON MURRAY & ROBERTS DREAMFAIR PROP 34 PTY LTD SANDHURST~262~00000 JOHANNESBURG - SANDTON CONSTRUCTION PTY LTD 9 64,000,000 P D PROP PTY LTD SECUPARK PROP PTY LTD BRAMLEY PARK~19~00000 BRAMLEY PARK JOHANNESBURG - WYNBERG 10 62,246,770 CAPITAL PROPFUND PTY LTD PANGBOURNE PROP LTD CROWN CITY~11~00000 CROWN CITY EKURHULENI - BEDFORDVIEW CROWN CITY~12~00000 CROWN CITY EKURHULENI - BEDFORDVIEW CROWN CITY~15~00000 CROWN CITY EKURHULENI - BEDFORDVIEW CROWN CITY~16~00000 CROWN CITY EKURHULENI - BEDFORDVIEW 11 48,750,000 IHS FUND II SA RENTAL TRUST 2 BALWIN PROP LTD OAKDENE~754~00000 OAKDENE EKURHULENI - BEDFORDVIEW 12 48,600,000 SIFISO EDUCATION PROP PTY LTD C I D A CITY CAMPUS ASSOCIATION IR~51~00130 CHILDRENS VILLAGE JOHANNESBURG - WYNBERG KEW~142~00000 KEW JOHANNESBURG - WYNBERG KEW~184~00000 KEW JOHANNESBURG - WYNBERG 13 42,600,000 SA RETAIL PROP PTY LTD S A CORPORATE REAL ESTATE TRUST DENVER~772~00004 DENVER JOHANNESBURG - SCHEME DENVER/KENSINGTON/BRUMA 14 36,500,000 INDLUPLACE PROP LTD NEW AGE ORGANISATION FOR GROWTH & GROBLERPARK~1224~00000 JOHANNESBURG - WEST ECONOMIC EMPOWERMENT PTY LTD GROBLERPARK~1225~00000 JOHANNESBURG - WEST 15 33,029,823 M M I GROUP LTD MOMENTUM PROP INV PTY LTD SANDOWN~549~00000 SANDOWN JOHANNESBURG - SANDTON 16 32,096,141 CURRO HOLDINGS LTD ROY ANTHONY DEREK MARCEL LE JR~397~00055 JOHANNESBURG - MIDRAND/KYALAMI JR~397~00059 JOHANNESBURG - MIDRAND/KYALAMI 17 27,000,000 LANODEX TRADE & INV 3 PTY LTD GOLD RUSH TRADING 62 CC IQ~323~00078 EIKENHOF EKURHULENI - BEDFORDVIEW 18 26,400,000 EMIRA PROP FUND LTD EMIRA PROP SCHEME RANDJESPARK~101~00001 RANDJESPARK JOHANNESBURG - MIDRAND/KYALAMI 19 23,370,000 TRADE-OFF 3011 CC REDEFINE PROP LTD NEW CENTRE~1~00001 NEW CENTRE EKURHULENI - BEDFORDVIEW NEW CENTRE~2~00000 NEW CENTRE EKURHULENI - BEDFORDVIEW NEW CENTRE~3~00000 NEW CENTRE EKURHULENI - BEDFORDVIEW NEW CENTRE~4~00000 NEW CENTRE EKURHULENI - BEDFORDVIEW NEW CENTRE~5~00000 NEW CENTRE EKURHULENI - BEDFORDVIEW WEMMER~53~00000 WEMMER EKURHULENI - BEDFORDVIEW WEMMER~54~00000 WEMMER EKURHULENI - BEDFORDVIEW 20 22,897,877 CAPITAL PROPFUND PTY LTD IFOUR PROP THREE PTY LTD FRANKENWALD~68~00000 LINBRO BUSINESS PARK JOHANNESBURG - LINBRO PARK/GREENSTONE FRANKENWALD~71~00000 LINBRO BUSINESS PARK JOHANNESBURG - LINBRO PARK/GREENSTONE 21 20,586,798 777 PROP INV CC FRIEDSHELF 113 PTY LTD MAGALIESSIG~430~00000 MAGALIESSIG JOHANNESBURG - FOURWAYS/NORTHGATE MAGALIESSIG~431~00000 MAGALIESSIG JOHANNESBURG - FOURWAYS/NORTHGATE DIMENSION PROP HOLDINGS PTY FRIEDSHELF 113 PTY LTD MAGALIESSIG~430~00000 MAGALIESSIG JOHANNESBURG - LTD FOURWAYS/NORTHGATE MAGALIESSIG~431~00000 MAGALIESSIG JOHANNESBURG - FOURWAYS/NORTHGATE 22 20,485,714 SANDTON TIMES SQUARE SERVICED DREAM WORLD INV 243 PTY LTD SANDOWN~365~00000 SANDOWN JOHANNESBURG - SANDTON APARTMENTS PTY LTD DREAMWORLD INV 243 PTY LTD SANDOWN~365~00000 SANDOWN JOHANNESBURG - SANDTON 23 19,000,000 M F B K PROP PTY LTD BARRELL DONALD MANUEL HOWARD ATHOLL~143~00012 ATHOLL JOHANNESBURG - SANDTON 24 17,700,000 JOYSPRING INV PTY LTD KIRK ALAN GRATTAN MELROSE~126~00000 MELROSE JOHANNESBURG - ROSEBANK/MELROSE 25 17,548,020 ERF 642 LANSERIA PTY LTD RENICO CONSTRUCTION PTY LTD LANSERIA~642~00000 LANSERIA JOHANNESBURG - FOURWAYS/NORTHGATE 26 15,923,581 MMI GROUP LTD MOMENTUM PROP INV PTY LTD JOHANNESBURG~4636~00000 JOHANNESBURG CENTRAL JOHANNESBURG - CBD/BRAAMFONTEIN 27 15,400,000 LEWRAY INV PTY LTD K T N PROP MANAGEMENT PTY LTD JOHANNESBURG~4534~00000 JOHANNESBURG - CBD/BRAAMFONTEIN 28 15,300,000 IWC PROP PTY LTD B C M PROP PTY LTD BOOYSEN RESERVE~421~00000 BOOYSENS RESERVE EKURHULENI - BEDFORDVIEW BOOYSEN RESERVE~434~00000 BOOYSENS RESERVE EKURHULENI - BEDFORDVIEW BOOYSEN RESERVE~77~00000 BOOYSENS RESERVE EKURHULENI - BEDFORDVIEW BOOYSEN RESERVE~78~00000 BOOYSENS RESERVE EKURHULENI - BEDFORDVIEW BOOYSEN RESERVE~79~00000 BOOYSENS RESERVE EKURHULENI - BEDFORDVIEW BOOYSEN RESERVE~80~00000 BOOYSENS RESERVE EKURHULENI - BEDFORDVIEW BOOYSEN RESERVE~81~00000 BOOYSENS RESERVE EKURHULENI - BEDFORDVIEW BOOYSEN RESERVE~82~00000 BOOYSENS RESERVE EKURHULENI - BEDFORDVIEW BOOYSEN RESERVE~83~00000 BOOYSENS RESERVE EKURHULENI - BEDFORDVIEW BOOYSEN RESERVE~84~00000 BOOYSENS RESERVE EKURHULENI - BEDFORDVIEW MORE PROPERTIES ON TITLE DEED 29 13,000,000 CITIQ STUDENTS PTY LTD JIKA PROP PTY LTD BRIXTON~410~00000 BRIXTON EKURHULENI - BEDFORDVIEW BRIXTON~411~00000 BRIXTON EKURHULENI - BEDFORDVIEW 34 29 13,000,000 CITIQ STUDENTS PTY LTD JIKA PROP PTY LTD BRIXTON~541~00000 BRIXTON EKURHULENI - BEDFORDVIEW 30 12,500,000 SEDNA PROP PTY LTD DECAPON PROP CC LONGMEADOW BUSINESS ESTATE~43~00000 LONGMEADOW BUSINESS JOHANNESBURG - LINBRO ESTATE PARK/GREENSTONE 31 12,250,000 MANINGI PROP PTY LTD RENICO CONSTRUCTION PTY LTD HONEYDEW RIDGE~155~00000 HONEYDEW RIDGE JOHANNESBURG - WEST 32 12,000,000 EDMACAP PTY LTD BRAAMFONTEIN IND SITES PTY LTD ~785~00000 AUCKLAND PARK JOHANNESBURG - PARKTOWN 33 11,616,000 SANGRIFIELD INV PTY LTD H & H IMPORTS CC KYALAMI PARK~45~00000 KYALAMI BUSINESS PARK JOHANNESBURG - MIDRAND/KYALAMI 34 11,239,189 INDLUPLACE PROP LTD J-MAR PROP CC ~1287~00000 YEOVILLE JOHANNESBURG - DENVER/KENSINGTON/BRUMA 35 10,750,000 ROBSON SAVAGE PTY LTD PLENTY PROP 0010 PTY LTD RICHMOND JHB~256~00000 RICHMOND JOHANNESBURG - PARKTOWN 36 10,300,000 SVANUQI INV PTY LTD TROPICAL PARADISE TRADING 525 PTY LTD BRYANSTON~609~00000 BRYANSTON JOHANNESBURG - BRYANSTON BRYANSTON~610~00000 JOHANNESBURG - BRYANSTON 37 10,050,000 RUBY ROSE INV CC MBAZIMA NORMAN BLOE HURLINGHAM~116~00000 HURLINGHAM JOHANNESBURG - SANDTON 38 10,026,000 25A EATON AVENUE BRYANSTON CC ZENZISA 31 CC BRYANSTON~24~00002 BRYANSTON JOHANNESBURG - BRYANSTON 39 10,000,000 AFROGUIDE CC GREATER AFRICA PROP PTY LTD WIERDA VALLEY~25~00006 WIERDA VALLEY JOHANNESBURG - SANDTON 40 9,610,800 ZAMORI 16 PTY LTD BEFORE THE WIND INV 64 PTY LTD MORNINGSIDE~1740~00000 JOHANNESBURG - SANDTON 41 9,600,000 DALISOL PTY LTD HOLLYBERRY PROPS 54 PTY LTD EDENBURG PTA~116~00018 EDENBURG JOHANNESBURG - SUNNINGHILL/RIVONIA 42 9,468,775 KATDEL INVESTMENTS CC PHILIPPS RALPH HUGH LINDEN~451~00000 LINDEN EXT JOHANNESBURG - CRESTA/FAIRLAND LINDEN~451~00002 LINDEN EXT JOHANNESBURG - CRESTA/FAIRLAND 43 9,308,415 EARLY MOON TRADING 504 PTY LTD REINECKE NEIL OWEN MELROSE ESTATE~98~00000 MELROSE ESTATE JOHANNESBURG - ROSEBANK/MELROSE 44 8,975,225 INDLUPLACE PROP LTD J-MAR PROP CC YEOVILLE~1288~00000 YEOVILLE JOHANNESBURG - DENVER/KENSINGTON/BRUMA 45 8,744,400 KARU INV PTY LTD PROUD HERITAGE PROP 283 PTY LTD BENROSE~198~00000 BENROSE JOHANNESBURG - DENVER/KENSINGTON/BRUMA 46 8,500,000 IVY-MOON 150 PTY LTD BLUE PLATINUM VENTURES 53 PTY LTD BRYANSTON~4668~00037 BRYANSTON JOHANNESBURG - BRYANSTON 47 8,500,000 DUROC BELEGGINGS PTY LTD BINNINGTON FAMILY TRUST LINDEN~21~00000 LINDEN JOHANNESBURG - CRESTA/FAIRLAND LINDEN~22~00000 LINDEN JOHANNESBURG - CRESTA/FAIRLAND 48 8,472,000 CLIFTON DUNES INV 300 PTY LTD SECULO-HEIDELBERG PROP PTY LTD ORMONDE~1196~00001 EKURHULENI - BEDFORDVIEW 49 8,373,423 INDLUPLACE PROP LTD SIMPSON JOHN WALTER YEOVILLE~1047~00000 YEOVILLE JOHANNESBURG - DENVER/KENSINGTON/BRUMA 50 8,322,000 SARA SUGREEV PROP INV PTY LTD GUDIYA PROP CC HOUGHTON ESTATE~1539~00000 HOUGHTON ESTATE JOHANNESBURG - HOUGHTON ESTATE

Directors for these companies are:

Rank Buyer First Name Surname

1 REBOSIS PROP FUND LTD KENNETH LEWIS REYNOLDS ANNA THERESA MASAMO MOKGOKONG SISA MICHAEL NGEBULANA NOMFUNDO VUYISWA LILA QUANGULE WILLEM JACOBUS ODENDAAL ANDILE MONCOBO MAZWAI MANDE NDEMA KAMEEL KESHAV THABO STANLEY SEOPA 2 CAPITAL PROPFUND PTY LTD MARK WALTER STEVENS BERNITA SCHAPER WILLEM JAKOB SERFONTEIN ABRAHAM ALBERTUS BORNMAN ANDREW TEIXEIRA 4 M M I GROUP LTD FRANS JOHANNES TRUTER CHRISTIAAN MFUNDISO JOHNSON NJEKE NTABANKULU NICOLAAS ABRAHAM KRUGER STEFANUS STEPHEN CRAIG JURISICH FATIMA JAKOET JOHAN PETRUS BURGER LOUIS LEON VON ZEUNER METROPOLITAN LIFE LTD LEON BASSON GERHARD JOHANNES KRUGER NICOLAAS ABRAHAM KRUGER STEFANUS 5 FIRSTRAND BANK LTD HETASH KELLAN SURENDRAKUMAR JAN HENDRIK VAN GREUNING ALAN PATRICK PULLINGER FRANCOIS KNOETZE MARY SINA BOMELA AMANDA TANDIWE NZIMANDE HENDRIK AREND HEYL CARNITA LOW NOLULAMO GWAGWA NOBAMBISWANO PAUL KENNETH HARRIS RUSSELL MARK LOUBSER VIVIAN WADE BARTLETT 35 5 FIRSTRAND BANK LTD LAURITZ LANSER DIPPENAAR JAN JONATHAN DURAND GRANT GLENN GELINK BENEDICT JAMES VAN DER ROSS PABALLO JOEL MAKOSHOLO JOHAN PETRUS BURGER WILLIAM ROGER JARDINE PATRICK MAGUIRE GOSS PETER COOPER ETHEL GOTHATAMODIMO MATENGE-SEBESHO 7 VAAL VALUE WAREHOUSE PTY LTD CHARLES MEYER CLIVE DICHABE PREMIUM CORPORATE CONSULTING SERVICES 8 MURRAY & ROBERTS CONSTRUCTION PTY LTD JEROME NEIL GOVENDER GAVIN ROBERT TAYLOR MURRAY AND ROBERTS WAYNE VAN HOUTEN K2014128865 PTY LTD 9 P D PROP PTY LTD PAMELA JOAN VAN DEN BERG DAVID ARTHUR VAN DEN BERG 11 IHS FUND II SA RENTAL TRUST 2 12 SIFISO EDUCATION PROP PTY LTD SIZWE ERROL NXASANA NOBUHLE JUDITH DLAMINI NKANYEZI NXASANA 13 SA RETAIL PROP PTY LTD BENJAMIN SWANEPOEL ANTOINETTE MARGARET BASSON TERENCE RORY MACKEY 14 INDLUPLACE PROP LTD MARK JONATHAN KAPLAN GREGORY STEPHEN KINROSS PETRUS CAREL DE WIT IMRAAN EBRAHIM SULEMAN SELWYN NOIK CLIFFORD LAWRENCE ABRAMS GERALD GEORGE LEO LEISSNER AYESHA REHMAN TAFFY MONTY ADLER 16 CURRO HOLDINGS LTD ZITULELE LUKE COMBI SUSAN LOUISE BOTHA PETRUS JOHANNES MOUTON SIBONGILE WINNIE FRIEDA MUTHWA RONELL VAN RENSBURG BAREND PETERSEN HENDRIK GIDEON LOUW CHRISTIAAN RUDOLPH VAN DER MERWE 17 LANODEX TRADE & INV 3 PTY LTD JOSE AQUINO MONTEIRO MARGARET VAZ MONTEIRO 18 EMIRA PROP FUND LTD MATTHYS STEFANUS NESER BENJAMIN VUSUMUZI MAHLANGU GREG STANLEY BOOYENS BRYAN HUGH KENT MARTIN EDWARD HARRIS VUYISA NKONYENI ULANA VAN BILJON MICHAEL SIMPSON AITKEN BENEDICT JAMES VAN DER ROSS GERHARD VAN ZYL NOCAWE EUSTACIA MAKIWANE WAYNE MCCURRIE GEOFFREY MICHAEL JENNETT 19 TRADE-OFF 3011 CC FRANCISCO IVO DE JESUS PEREIRA FRANCISCO JOSE RODRIGUES MANUEL GREGORIO RODRIGUES 21 DIMENSION PROP HOLDINGS PTY LTD MICHEAL STYLIANOU 777 PROP INV CC PREMIUM CORPORATE CONSULTING SERVICES 22 SANDTON TIMES SQUARE SERVICED APARTMENTS PTY LTD BRADLEIGH EVAN BENATER 23 M F B K PROP PTY LTD DONALD MANUEL BARRELL HOWARD MURRAY RUSSELL COLLINS 24 JOYSPRING INV PTY LTD DAVID MARSHALL 25 ERF 642 LANSERIA PTY LTD LYLE ROBERT CREDO HENNING VORSTER 26 MMI GROUP LTD MFUNDISO JOHNSON NJEKE NTABANKULU FRANS JOHANNES TRUTER CHRISTIAAN NICOLAAS ABRAHAM KRUGER STEFANUS

36 26 MMI GROUP LTD LOUIS LEON VON ZEUNER JOHAN PETRUS BURGER FATIMA JAKOET STEPHEN CRAIG JURISICH 27 LEWRAY INV PTY LTD JONATHAN ROY COHEN MARK ALAN STILLERMAN TRACEY MAVOURNEEN ABELHEIM 28 MORE PROPERTIES ON TITLE DEED IWC PROP PTY LTD DORON BARNES RACHAMIM BARNES 29 CITIQ STUDENTS PTY LTD VANESSA VAN VLIET PAUL JOHN EDWARD LAPHAM 30 SEDNA PROP PTY LTD THOMAS DARRYL MITCHELL PETER GERARD DORMEHL 31 MANINGI PROP PTY LTD 32 EDMACAP PTY LTD 33 SANGRIFIELD INV PTY LTD MARK LESLIE DAVIS MARK ANTHONY DE OXFORD VILLIERS PREMIUM CORPORATE CONSULTING SERVICES NICHOLAS SPENCER RABJOHN 35 ROBSON SAVAGE PTY LTD RICHARD JULES SCHILENBURG JOHN CYRIL FARRANT NEIL ROBINSON SAVAGE ALEXANDER PAUL ROBSON MICHAEL 36 SVANUQI INV PTY LTD SERGE BERNARD AKOUNOU WARREN MARK DE LA GUERRE 37 RUBY ROSE INV CC HASSAN AHMAD 38 25A EATON AVENUE BRYANSTON CC JOHANNA CATHARINA LIVERSAGE 39 AFROGUIDE CC ALEXANDER SCHWARTZ NIKOLAEVITCH NATATIE GENNADIEVNA SCHWARTZ 40 ZAMORI 16 PTY LTD JOHN CARL GREVE JAN CORNELIS VLAMING 41 DALISOL PTY LTD FRED HANSON PIETERSEN KAMAL DHINNATH BHIMMA AADIL ESSOP 42 KATDEL INVESTMENTS CC DELON ANTHONY KATZ 43 EARLY MOON TRADING 504 PTY LTD NEIL STEPHEN BARROW GAVIN PATRICK DICKINSON PAUL DOUGLAS BARROW JONATHAN LEIBOWITZ 45 KARU INV PTY LTD RUDOLF LAMBERTUS VAN GRAAN 46 IVY-MOON 150 PTY LTD ROSSANA ANTONELLA COSTA CLAUDIO COSTA 47 DUROC BELEGGINGS PTY LTD DIRK VOS LOMBARD 48 CLIFTON DUNES INV 300 PTY LTD MAHOMED CARIM 50 SARA SUGREEV PROP INV PTY LTD GULSHAN SUGREEN SARASWATHEE SEWPERSAD SHABNUM SUGREEN SUGREEN

TThe top commercial mortgages greater than R5 million and limited to 50 in May 2016 are:

Rank Bond Amount Buyer Bank Erf Key Suburb Node First Transaction at

1 632,000,000 K2014128865 PTY LTD NEDBANK SANDHURST~262~00000 JOHANNESBURG - SANDTON 201605 2 475,000,000 REBOSIS PROP FUND LTD NEDBANK NEWTOWN~585~00000 NEWTOWN JOHANNESBURG - 201605 CBD/BRAAMFONTEIN 3 185,000,000 ZOTEC DEVELOPMENTS PTY LTD STANDARD KYALAMI HILLS~695~00000 KYALAMI HILLS JOHANNESBURG - MIDRAND/KYALAMI 201605 4 150,000,000 KING'S PROP INV 178 PTY LTD NEDBANK MORNINGSIDE~1769~00000 JOHANNESBURG - SANDTON 201605 5 120,000,000 PEPPER VALLEY PROP PTY LTD STANDARD HOUGHTON ESTATE~2050~00000 HOUGHTON ESTATE JOHANNESBURG - HOUGHTON ESTATE 201605 6 105,000,000 BLUE WAVES PROP 150 PTY LTD NEDBANK SANDOWN~575~00005 SANDOWN JOHANNESBURG - SANDTON 201605 7 100,000,000 KING'S PROP INV 178 PTY LTD NEDBANK MORNINGSIDE~1769~00000 JOHANNESBURG - SANDTON 201309 8 80,000,000 VAAL VALUE WAREHOUSE PTY LTD NEDBANK ERAND GARDENS~109~00000 ERAND GARDENS JOHANNESBURG - MIDRAND/KYALAMI 201605 9 75,000,000 REBOSIS PROP FUND LTD NEDBANK NEWTOWN~604~00000 NEWTOWN JOHANNESBURG - 201605 CBD/BRAAMFONTEIN 10 65,000,000 TERRAFORM PTY LTD FIRSTRAND SUNNINGHILL~96~00000 SUNNINGHILL JOHANNESBURG - 201605 SUNNINGHILL/RIVONIA 11 60,000,000 SPRING MOUNTAIN INV CC FIRSTRAND BRYANSTON~3716~00000 BRYANSTON JOHANNESBURG - BRYANSTON 201605 12 50,000,000 EARLY MOON TRADING 504 PTY LTD INVESTEC MELROSE ESTATE~98~00000 MELROSE ESTATE JOHANNESBURG - 201605 ROSEBANK/MELROSE 13 40,000,000 KALAMATA INV CC STANDARD GLENVISTA~2792~00000 GLENVISTA EKURHULENI - BEDFORDVIEW 201605 14 31,883,963 BALWIN PROP LTD NEDBANK OAKDENE~754~00000 OAKDENE EKURHULENI - BEDFORDVIEW 201605

37 14 31,883,963 IHS FUND II SA RENTAL TRUST 2 NEDBANK OAKDENE~754~00000 OAKDENE EKURHULENI - BEDFORDVIEW 201605 15 30,000,000 HAI YANG MANSIONS CC ABSA CYRILDENE~297~00000 CYRILDENE JOHANNESBURG - 201605 DENVER/KENSINGTON/BRUMA CYRILDENE~298~00000 CYRILDENE JOHANNESBURG - 201605 DENVER/KENSINGTON/BRUMA 16 30,000,000 CAVI PROP CO PTY LTD NEDBANK PARKTOWN~915~00002 PARKTOWN JOHANNESBURG - PARKTOWN 201605 17 22,200,000 LEOPONT 299 PROP PTY LTD ABSA HOUGHTON ESTATE~1455~00000 HOUGHTON ESTATE JOHANNESBURG - HOUGHTON ESTATE 201605 18 20,000,000 ERF 642 LANSERIA PTY LTD INVESTEC LANSERIA~642~00000 LANSERIA JOHANNESBURG - 201605 FOURWAYS/NORTHGATE 19 20,000,000 TRADE-OFF 3011 CC OTHER BANK NEW CENTRE~1~00001 NEW CENTRE EKURHULENI - BEDFORDVIEW 201605 NEW CENTRE~2~00000 NEW CENTRE EKURHULENI - BEDFORDVIEW 201605 NEW CENTRE~3~00000 NEW CENTRE EKURHULENI - BEDFORDVIEW 201605 NEW CENTRE~4~00000 NEW CENTRE EKURHULENI - BEDFORDVIEW 201605 NEW CENTRE~5~00000 NEW CENTRE EKURHULENI - BEDFORDVIEW 201605 WEMMER~53~00000 WEMMER EKURHULENI - BEDFORDVIEW 201605 WEMMER~54~00000 WEMMER EKURHULENI - BEDFORDVIEW 201605 20 16,000,000 BELLREST 103 PTY LTD ABSA CITY DEEP~87~00000 CITY DEEP EKURHULENI - BEDFORDVIEW 201605 21 15,000,000 ZETA PROP HOLDINGS PTY LTD INVESTEC RANDJESPARK~377~00001 RANDJESPARK JOHANNESBURG - MIDRAND/KYALAMI 201605 22 14,900,000 ZAMSAF PROP PTY LTD ABSA DEVLAND~6478~00000 JOHANNESBURG - SOWETO/ORANGE 201605 FARM 23 14,500,000 IWC PROP PTY LTD ABSA BOOYSEN RESERVE~421~00000 BOOYSENS RESERVE EKURHULENI - BEDFORDVIEW 201605 BOOYSEN RESERVE~422~00000 BOOYSENS RESERVE EKURHULENI - BEDFORDVIEW 201605 BOOYSEN RESERVE~434~00000 BOOYSENS RESERVE EKURHULENI - BEDFORDVIEW 201605 BOOYSEN RESERVE~77~00000 BOOYSENS RESERVE EKURHULENI - BEDFORDVIEW 201605 BOOYSEN RESERVE~78~00000 BOOYSENS RESERVE EKURHULENI - BEDFORDVIEW 201605 BOOYSEN RESERVE~79~00000 BOOYSENS RESERVE EKURHULENI - BEDFORDVIEW 201605 BOOYSEN RESERVE~80~00000 BOOYSENS RESERVE EKURHULENI - BEDFORDVIEW 201605 BOOYSEN RESERVE~81~00000 BOOYSENS RESERVE EKURHULENI - BEDFORDVIEW 201605 BOOYSEN RESERVE~82~00000 BOOYSENS RESERVE EKURHULENI - BEDFORDVIEW 201605 BOOYSEN RESERVE~83~00000 BOOYSENS RESERVE EKURHULENI - BEDFORDVIEW 201605 MORE PROPERTIES ON TITLE DEED 24 13,100,000 CONCOURSE PROPS PTY LTD STANDARD MELROSE~82~00000 MELROSE JOHANNESBURG - 201605 ROSEBANK/MELROSE 25 12,500,000 HIGH-MAST PROP 13 PTY LTD FIRSTRAND ORMONDE~561~00000 ORMONDE EKURHULENI - BEDFORDVIEW 201605 26 12,000,000 VALUE CENTRE PTY LTD NEDBANK COSMO CITY~15609~00000 COSMO CITY EXT 6 JOHANNESBURG - 201605 FOURWAYS/NORTHGATE 27 12,000,000 NAVO HOLDINGS PTY LTD NEDBANK LINDEN~347~00000 LINDEN JOHANNESBURG - CRESTA/FAIRLAND 201605 LINDEN~552~00000 LINDEN JOHANNESBURG - CRESTA/FAIRLAND 201605 28 12,000,000 BAMIDBAR INV PTY LTD NEDBANK COMMERCIA~2682~00000 COMMERCIA JOHANNESBURG - MIDRAND/KYALAMI 201605 29 11,000,000 SANGRIFIELD INV PTY LTD FIRSTRAND KYALAMI PARK~45~00000 KYALAMI BUSINESS PARK JOHANNESBURG - MIDRAND/KYALAMI 201605 30 10,000,000 CREAM MAGENTA 128 PTY LTD FIRSTRAND FOURWAYS~2121~00000 FOURWAYS JOHANNESBURG - 201605 FOURWAYS/NORTHGATE 31 10,000,000 IVY-MOON 150 PTY LTD STANDARD BRYANSTON~4668~00037 BRYANSTON JOHANNESBURG - BRYANSTON 201605 32 9,500,000 TONEMAN PTY LTD INVESTEC FRANKENWALD~102~00000 LINBRO BUSINESS PARK JOHANNESBURG - LINBRO 201605 PARK/GREENSTONE 33 9,000,000 FIRE WINGS PROP 21 PTY LTD ABSA KENSINGTON B~150~00000 KENSINGTON B JOHANNESBURG - RANDBURG 201605 34 8,442,000 ERF 108 WYNBERG PTY LTD INVESTEC WYNBERG PTA~108~00000 WYNBERG JOHANNESBURG - WYNBERG 201605 35 8,000,000 MANINGI PROP PTY LTD INVESTEC HONEYDEW RIDGE~155~00000 HONEYDEW RIDGE JOHANNESBURG - WEST 201605 36 8,000,000 DAPALST CC NEDBANK JR~406~00187 BEAULIEU JOHANNESBURG - MIDRAND/KYALAMI 201605 37 8,000,000 GYPSEY EMPIRE PROP PTY LTD ABSA PARKTOWN~940~00000 PARKTOWN JOHANNESBURG - PARKTOWN 201605 38 8,000,000 PEJ PROP PTY LTD ABSA DEVLAND~37~00000 DEVLAND JOHANNESBURG - SOWETO/ORANGE 201605 FARM DEVLAND~38~00000 DEVLAND JOHANNESBURG - SOWETO/ORANGE 201605 FARM DEVLAND~39~00000 DEVLAND JOHANNESBURG - SOWETO/ORANGE 201605 FARM DEVLAND~53~00000 DEVLAND JOHANNESBURG - SOWETO/ORANGE 201605 FARM DEVLAND~54~00000 DEVLAND JOHANNESBURG - SOWETO/ORANGE 201605 FARM 39 7,900,000 KARU INV PTY LTD ABSA BENROSE~198~00000 BENROSE JOHANNESBURG - 201605 DENVER/KENSINGTON/BRUMA 40 7,871,780 WATERFALL COUNTRY ESTATE W U Q STANDARD JUKSKEI VIEW~1046~00000 WATERFALL CITY JOHANNESBURG - LINBRO 201605 F PTY LTD PARK/GREENSTONE 41 7,500,000 TOP SPOT SHOPPING CENTRE CC ABSA ORCHARDS~275~00000 ORCHARDS JOHANNESBURG - HOUGHTON ESTATE 201605 42 7,500,000 RUBY ROSE INV CC ABSA HURLINGHAM~116~00000 HURLINGHAM JOHANNESBURG - SANDTON 201605 43 7,500,000 SEDNA PROP PTY LTD STANDARD LONGMEADOW BUSINESS LONGMEADOW BUSINESS ESTATE JOHANNESBURG - LINBRO 201605 ESTATE~43~00000 PARK/GREENSTONE 44 7,500,000 TARLOY PROP PTY LTD NEDBANK HYDE PARK~432~00000 HYDE PARK JOHANNESBURG - 201605 ROSEBANK/MELROSE HYDE PARK~433~00000 HYDE PARK JOHANNESBURG - 201605 ROSEBANK/MELROSE 45 7,050,000 WATERFALL COUNTRY ESTATE W U Q FIRSTRAND JUKSKEI VIEW~1970~00000 WATERFALL CITY JOHANNESBURG - LINBRO 201605 F PTY LTD PARK/GREENSTONE 46 6,700,000 TOP SPOT SHOPPING CENTRE CC ABSA WOLHUTER~186~00000 WOLHUTER JOHANNESBURG - 201605 DENVER/KENSINGTON/BRUMA 47 6,480,000 K R J K PROP INV PTY LTD NEDBANK DUNKELD WEST~213~00000 DUNKELD WEST JOHANNESBURG - 201605 ROSEBANK/MELROSE 48 6,400,000 AFROGUIDE CC STANDARD WIERDA VALLEY~25~00006 WIERDA VALLEY JOHANNESBURG - SANDTON 201605 49 6,300,000 BHATT REHKA SANJEEV ABSA STRATFORD~63~00000 BROADACRES JOHANNESBURG - 201605 FOURWAYS/NORTHGATE 50 6,280,000 STANDSHELF 181 PTY LTD INVESTEC YEOVILLE~867~00000 YEOVILLE JOHANNESBURG - 201605 DENVER/KENSINGTON/BRUMA YEOVILLE~868~00000 YEOVILLE JOHANNESBURG - 201605 DENVER/KENSINGTON/BRUMA

Directors for these companies are:

38 Rank Buyer First Name Surname

1 K2014128865 PTY LTD 2 REBOSIS PROP FUND LTD KENNETH LEWIS REYNOLDS ANNA THERESA MASAMO MOKGOKONG SISA MICHAEL NGEBULANA NOMFUNDO VUYISWA LILA QUANGULE WILLEM JACOBUS ODENDAAL ANDILE MONCOBO MAZWAI MANDE NDEMA KAMEEL KESHAV THABO STANLEY SEOPA 3 ZOTEC DEVELOPMENTS PTY LTD ANTON CROUSE 4 KING'S PROP INV 178 PTY LTD WEI-WEI ZHANG 5 PEPPER VALLEY PROP PTY LTD PAUL DOUGLAS BARROW CHRISTIAAN VAN WYK MICHAEL CHRISTOPHER GERBER PIETER WILLEM MACKENZIE 6 BLUE WAVES PROP 150 PTY LTD JOHAN FRANCK PAUL JOHN HAILWOOD 8 VAAL VALUE WAREHOUSE PTY LTD CHARLES MEYER CLIVE DICHABE PREMIUM CORPORATE CONSULTING SERVICES 10 TERRAFORM PTY LTD PETER MANELIS CONSTANTINOS CHARLES MANELIS VASILOS MANELIS 11 SPRING MOUNTAIN INV CC 12 EARLY MOON TRADING 504 PTY LTD NEIL STEPHEN BARROW GAVIN PATRICK DICKINSON PAUL DOUGLAS BARROW JONATHAN LEIBOWITZ 13 KALAMATA INV CC VASILOS MANELIS STAVROS REMOUNDOS 14 BALWIN PROP LTD IHS FUND II SA RENTAL TRUST 2 15 HAI YANG MANSIONS CC XIAOLEI MA 16 CAVI PROP CO PTY LTD RICHARD MARK SECUNDA THOMAS HENDRIK JACOBUS BESTER 17 LEOPONT 299 PROP PTY LTD KHAZAMULA MICHAEL NKUNA 18 ERF 642 LANSERIA PTY LTD LYLE ROBERT CREDO HENNING VORSTER 19 TRADE-OFF 3011 CC FRANCISCO IVO DE JESUS PEREIRA FRANCISCO JOSE RODRIGUES MANUEL GREGORIO RODRIGUES 20 BELLREST 103 PTY LTD JACOBUS JOHANNES SMALL 21 ZETA PROP HOLDINGS PTY LTD RICHARD MURRAY HYATT CRAIG ANDREW AKAL 22 ZAMSAF PROP PTY LTD CHRISTIAAN COOMBS CHRISTIAAN HENRY COMBRINK HERMAN KAREL STEENKAMP 23 IWC PROP PTY LTD DORON BARNES RACHAMIM BARNES MORE PROPERTIES ON TITLE DEED 24 CONCOURSE PROPS PTY LTD JONATHAN BURREL ROSENBERG CLINTON TREVOR MC ALLISTER 25 HIGH-MAST PROP 13 PTY LTD DAWOOD RASHID VALLY 26 ZANDSPRUIT VALUE CENTRE PTY LTD NICOLAAS SALOMO LOUW 27 NAVO HOLDINGS PTY LTD 28 BAMIDBAR INV PTY LTD HAYDEN THOMPSON HARTLEY HILARY BASIL BENTEL SEAN ALEC LANE RENNEY DAVID PLIT 29 SANGRIFIELD INV PTY LTD MARK LESLIE DAVIS MARK ANTHONY DE OXFORD VILLIERS PREMIUM CORPORATE CONSULTING SERVICES NICHOLAS SPENCER RABJOHN 30 CREAM MAGENTA 128 PTY LTD JOHN EDWARD RONALD WICKS RICHARD JONATHAN CLARK 31 IVY-MOON 150 PTY LTD ROSSANA ANTONELLA COSTA CLAUDIO COSTA 32 TONEMAN PTY LTD GAVIN ABRO GAVIN COHEN DEAN JACOBSON 33 FIRE WINGS PROP 21 PTY LTD GINA ROSE VERMAAK VINCENT VERMAAK

39 34 ERF 108 WYNBERG PTY LTD GRANT FRIEDMAN 35 MANINGI PROP PTY LTD 36 DAPALST CC STEPHEN ROBERT HENRY MC COU DAWN MCCOY 37 GYPSEY EMPIRE PROP PTY LTD JACOBUS ESTERHUIZEN 38 PEJ PROP PTY LTD POPO SIMON MOLEFE ELIAS LIKOBO BOROLE IOANNIS LIMBEROPOULOS 39 KARU INV PTY LTD RUDOLF LAMBERTUS VAN GRAAN 40 WATERFALL COUNTRY ESTATE W U Q F PTY LTD MUHAMMAD AHMED MIA ZAKARIYA MIA IBRAHIM MIA YAHYA MUHAMMAD MIA AMEEN 41 TOP SPOT SHOPPING CENTRE CC LORNA CHARLOTTE FALKSON DAVINA MYRA GADDIN-XENOPHONTOS DEON JEFFREY FEINBLUM JEFFERY KENNETH GADDIN JO-ANNE HELEN AVIV 42 RUBY ROSE INV CC HASSAN AHMAD 43 SEDNA PROP PTY LTD THOMAS DARRYL MITCHELL PETER GERARD DORMEHL 44 TARLOY PROP PTY LTD GARY EDWARD KEIZAN MARC GAISFORD YUNGER LEVI EDWARD IVOR KEIZAN 47 K R J K PROP INV PTY LTD 48 AFROGUIDE CC ALEXANDER SCHWARTZ NIKOLAEVITCH NATATIE GENNADIEVNA SCHWARTZ 49 BHATT REHKA SANJEEV 50 STANDSHELF 181 PTY LTD GRANT FRIEDMAN

40 2.1.3 City of Tshwane

The transactional activity (R Million) is as follows:

Node 2013 2014 2015 2016 YTD Jun 2015 - May May 2016 2016 PRETORIA - CENTURION 2,734 21.5% 2,163 30.3% 2,980 25.5% 2,236 35.9% 4,652 31.4% 53 9.7% PRETORIA - CBD 4,023 31.7% 1,270 17.8% 1,571 13.4% 1,472 23.6% 2,519 17.0% 47 8.7% PRETORIA - EAST 2,141 16.9% 2,032 28.5% 3,828 32.7% 1,322 21.2% 3,891 26.3% 179 33.1% PRETORIA - BROOKLYN 2,005 15.8% 441 6.2% 1,220 10.4% 728 11.7% 1,601 10.8% 165 30.6% PRETORIA - NORTH 1,401 11.0% 1,202 16.9% 1,932 16.5% 449 7.2% 2,037 13.8% 96 17.9% NOT ALLOCATED 396 3.1% 22 0.3% 169 1.4% 27 0.4% 91 0.6% 0 0.0% Total 12,699 7,131 11,700 6,234 14,792 540

The bond activity (R Million) is as follows:

Node 2013 2014 2015 2016 YTD Jun 2015 - May May 2016 2016 PRETORIA - CENTURION 3,104 30.4% 2,908 45.5% 4,428 32.1% 1,656 40.7% 4,996 35.8% 371 46.4% PRETORIA - EAST 3,218 31.5% 1,407 22.0% 2,524 18.3% 838 20.6% 2,563 18.3% 78 9.8% PRETORIA - CBD 2,106 20.6% 1,038 16.2% 3,192 23.1% 571 14.0% 3,090 22.1% 68 8.5% PRETORIA - NORTH 1,226 12.0% 725 11.4% 2,214 16.0% 505 12.4% 2,100 15.0% 239 29.9% PRETORIA - BROOKLYN 424 4.1% 306 4.8% 839 6.1% 394 9.7% 1,007 7.2% 43 5.4% NOT ALLOCATED 141 1.4% 6 0.1% 611 4.4% 100 2.5% 215 1.5% 0 0.0% Total 10,219 6,390 13,808 4,064 13,970 800

41 The Market Share is as follows:

42 43 The top commercial transactions greater than R5 million and limited to 50 for May 2016 are:

Rank Purchase Price Buyer Seller Erf Key Suburb Node

1 158,848,885 CAPITAL PROPFUND 1 PTY LTD BANDS PROP PTY LTD MENLO PARK~757~00021 MENLO PARK PRETORIA - BROOKLYN 2 41,600,000 DELTA PROP FUND LTD REDEFINE PROP LTD LYNNWOOD GLEN~232~00000 LYNNWOOD GLEN PRETORIA - EAST 3 40,000,000 PREMIER F M C G PTY LTD NATIONAL CEREAL INDUSTRIES PTY LTD WALTLOO~175~00000 PRETORIA - EAST 4 38,304,000 ORCHARDS DEVELOPMENTS PTY LTD SAFDEV LAND 1 PTY LTD THE ORCHARDS~6999~00000 THE ORCHARDS PRETORIA - NORTH THE ORCHARDS~7000~00000 THE ORCHARDS PRETORIA - NORTH THE ORCHARDS~7001~00000 THE ORCHARDS PRETORIA - NORTH THE ORCHARDS~7002~00000 THE ORCHARDS PRETORIA - NORTH THE ORCHARDS~7003~00000 THE ORCHARDS PRETORIA - NORTH THE ORCHARDS~7004~00000 THE ORCHARDS PRETORIA - NORTH THE ORCHARDS~7005~00000 THE ORCHARDS PRETORIA - NORTH THE ORCHARDS~7006~00000 THE ORCHARDS PRETORIA - NORTH THE ORCHARDS~7007~00000 THE ORCHARDS PRETORIA - NORTH THE ORCHARDS~7008~00000 THE ORCHARDS PRETORIA - NORTH MORE PROPERTIES ON TITLE DEED 5 28,000,000 VRESTHENA PTY LTD ACCELERATE PROP FUND LTD RIETFONTEIN PTA~801~00000 RIETFONTEIN PRETORIA - NORTH 6 24,000,000 DELTA PROP FUND LTD REDEFINE PROP LTD ARCADIA~372~00005 ARCADIA PRETORIA - CBD 7 20,100,000 KGORANG PROP PTY LTD SOPHIA PETRONELLA STUART-ROGERS ARCADIA~85~00000 ARCADIA PRETORIA - CBD TESTAMENTARY TRUST 8 17,100,000 PIVOTAL FUND LTD WALT CORNELIUS MAGIEL FOURIE VAN DER JR~302~00404 PRETORIA - NORTH 9 16,600,000 MZILANKATHA TRUST ARROW CREEK INV 110 PTY LTD JR~375~00594 MOOIKLOOF PRETORIA - EAST 10 15,243,479 R C L FOODS SUGAR & MILLING PTY LTD R C L FOODS CONSUMER PTY LTD PRETORIA INDUSTRIAL~218~00001 PRETORIA INDUSTRIAL PRETORIA - CENTURION PRETORIA INDUSTRIAL~218~00002 PRETORIA INDUSTRIAL PRETORIA - CENTURION PRETORIA INDUSTRIAL~218~00042 PRETORIA INDUSTRIAL PRETORIA - CENTURION 11 15,000,000 JUPITER 123 PROP PTY LTD 17 MIDAS AVE OLYMPUS PRETORIA PTY LTD OLYMPUS BOULEVARD~14~00000 OLYMPUS AH PRETORIA - EAST 12 14,535,000 S A B & T PROP PTY LTD TZIMBI PROP INV CC WEAVIND PARK~170~00001 PRETORIA - EAST 13 14,050,000 ST PATRICK'S MISSIONARY SOCIETY TRUST VENTICORP PTY LTD JR~381~00274 DIE HOEWES PRETORIA - CENTURION 14 14,050,000 ST PATRICK'S MISSIONARY SOCIETY TRUST VENTICORP PTY LTD JR~381~00274 DIE HOEWES PRETORIA - CENTURION 15 14,050,000 ST PATRICK'S MISSIONARY SOCIETY TRUST VENTICORP PTY LTD JR~381~00274 DIE HOEWES PRETORIA - CENTURION 16 14,050,000 ST PATRICK'S MISSIONARY SOCIETY TRUST VENTICORP PTY LTD JR~381~00274 DIE HOEWES PRETORIA - CENTURION 17 9,400,000 ISIGIDI TRADING 95 CC PALMY TRADE SERVICES PTY LTD KOSMOSDAL~893~00003 KOSMOSDAL PRETORIA - CENTURION 18 9,025,000 BRAZAO PROP INV PTY LTD MAGNISPROP PTY LTD ROSSLYN~391~00000 ROSSLYN PRETORIA - NORTH 19 8,800,000 K2011136847 (SOUTH AFRICA) PTY LTD GOLDEN DIVIDEND PROP PTY LTD PIERRE VAN RYNEVELD~723~00000 ELARDUS PARK PRETORIA - EAST WATERKLOOF AH~3~00000 PRETORIA - EAST 20 8,750,000 LAROPAX PTY LTD COTTON CLOUD PROP PTY LTD HATFIELD~429~00000 HATFIELD PRETORIA - CBD HATFIELD~429~00001 HATFIELD PRETORIA - CBD 21 8,750,000 OLYMPUS TRUST QUADROTUND PTY LTD BRONBERG~520~00000 BRONBERG PRETORIA - EAST 22 8,700,000 ETERNITY STAR FAMILY TRUST LOOTS ANDREW CORNELISSEN IRENE~2558~00000 SOUTHDOWNS ESTATE PRETORIA - CENTURION 23 7,500,000 S A B & T PROP PTY LTD TZIMBI PROP INV CC WEAVIND PARK~170~00000 WEAVIND PARK PRETORIA - EAST 24 7,200,000 MAPESU RANCH PTY LTD NHLAPO BONGIWE FIKILE MAHUBE VALLEY~2792~00000 MAHUBE VALLEY PRETORIA - EAST 25 7,068,000 TAKELA GROUP PTY LTD DELMEUR PROP CC SINOVILLE~2507~00000 PRETORIA - NORTH SINOVILLE~2508~00000 PRETORIA - NORTH 26 6,500,000 CRIMSON WOLF PTY LTD L A ROCHELLE IT SOLUTIONS CC JR~340~00072 BRONBERG OPEN SPACE PRETORIA - EAST 27 6,300,000 INDUS STREET PTY LTD VLOK NICOLAS JACOBUS WATERKLOOF RIDGE~1988~00000 PRETORIA - BROOKLYN 28 6,100,000 SEBEVEST PROP FUND PTY LTD WIJK CHRISTINA MAGDALENA VAN RIETVALLEIRAND~322~00000 CLEARWATER COUNTRY PRETORIA - EAST ESTATE 29 6,000,000 MIDCITY AUTO BODY PTY LTD S & M SHOPFITTERS PTY LTD ARCADIA~1530~00000 ARCADIA PRETORIA - CBD 30 5,700,000 YIOTIS PROP GROUP PTY LTD P'TTAS FOOD & SAUCE PRODUCTS CC JR~383~00115 RASLOUW AH PRETORIA - CENTURION 31 5,539,499 EAST & WEST INV PTY LTD CENTURION CRESCENT BELEGGINGS PTY LTD JR~381~00158 DIE HOEWES PRETORIA - CENTURION 32 5,539,499 PIVOTAL FUND LTD CENTURION CRESCENT BELEGGINGS PTY LTD JR~381~00158 DIE HOEWES PRETORIA - CENTURION 33 5,358,000 RASLOUW CONSTRUCTION & DEVELOPMENT MAGALIESBERG COUNTRY ESTATE NO 1 PTY AMANDASIG~2780~00000 PRETORIA - NORTH PTY LTD LTD 34 5,300,000 MANYFIELDS PTY LTD WOODLAND TYRES & INV PTY LTD JR~375~00473 MOOIKLOOF PRETORIA - EAST 35 5,200,000 INVESTIPLAN BLUE PTY LTD MEDIA TENOR PROP PTY LTD LYNNWOOD PARK~91~00000 LYNNWOOD PARK PRETORIA - EAST

Directors for these companies are:

Rank Buyer First Name Surname

1 CAPITAL PROPFUND 1 PTY LTD ANDREW TEIXEIRA BERNITA SCHAPER ABRAHAM ALBERTUS BORNMAN WILLEM JAKOB SERFONTEIN MARK WALTER STEVENS 2 DELTA PROP FUND LTD JOSE JORGE GONCALVES DA COSTA SANDILE HOPESON NOMVETE DAVINA NODUMO MOTAU PAUL DAVID SIMPSON BRONWYN ANNE CORBETT PAULA NEL NOORAYA KHAN IAN DONALD MACLEOD MARELISE DE LANGE

44 3 PREMIER F M C G PTY LTD TJAART NICOLAAS KRUGER JACOBUS JOHANNES GERTENBACH 4 ORCHARDS DEVELOPMENTS PTY LTD BERNARD ANDRE STEGMANN LUKHOLO ZOLA MLISANA BENJAMIN FRANKLIN MOSES MATTHEW MARTIN LONG MORE PROPERTIES ON TITLE DEED 5 VRESTHENA PTY LTD CHRISTOS GIANNACOPOULOS JOHN GIANNACOPOULOS HARALAMBOS GIANNACOPOULOS 7 KGORANG PROP PTY LTD VUSI THABO THELEDI 8 PIVOTAL FUND LTD AARON SUCKERMAN CHRISTOPHER HAIG EWING THOMAS ALEXANDER WIXLEY THANDUXOLO SELBY SISHUBA DAVID STANLEY SAVAGE MATTHYS STEFANUS NESER BENJAMIN ANTHONY DAVID DIXON STEWART SHAW-TAYLOR JACQUELINE ROUXANNE VAN NIEKERK 9 MZILANKATHA TRUST 10 R C L FOODS SUGAR & MILLING PTY LTD 11 JUPITER 123 PROP PTY LTD CHARL PETRUS MOCKE WILLEM ADRIAAN DU TOIT RIAAN ALBERTYN RIAAN DIQUE MICHIEL GEORGE FERREIRA CHRISTO LOURENS 12 S A B & T PROP PTY LTD HASSEN KAJIE MUHAMMED FAZEL SULAMAN BASHIER ADAM KISHOR NATHOO RAMA 13 ST PATRICK'S MISSIONARY SOCIETY TRUST 17 ISIGIDI TRADING 95 CC YU-CHUAN YANG 18 BRAZAO PROP INV PTY LTD TOME ENSELMO BRAZAO 19 K2011136847 (SOUTH AFRICA) PTY LTD RODNEY HIRST TATTERSALL PIETER CORNELIS OOSTHUIZEN DAVID NIGEL LOFTHOUSE 20 LAROPAX PTY LTD JACOBUS WILLEM JANSE VAN RENSBURG JACOB GABRIEL CILLIERS MARUIS MARKUS WILKERS VAN ZYL 21 OLYMPUS TRUST 22 ETERNITY STAR FAMILY TRUST 24 MAPESU RANCH PTY LTD 25 TAKELA GROUP PTY LTD 26 CRIMSON WOLF PTY LTD CORNELIUS JACOBUS DE VILLIERS 27 INDUS STREET PTY LTD WILLEM SMIT 28 SEBEVEST PROP FUND PTY LTD MUSTAFA HUSSAIN SYED MUSHEER HUSSAIN SYED 29 MIDCITY AUTO BODY PTY LTD JOSE ANTONIO VALENTE BARBOSA 30 YIOTIS PROP GROUP PTY LTD 31 EAST & WEST INV PTY LTD FRIEDERICH SONKE MOOLMAN JOHANNES ZACHARIAS MOOLMAN 33 RASLOUW CONSTRUCTION & DEVELOPMENT PTY LTD CHRISTOFFEL JOHANNES LE ROUX EDUAN DAVID KOTZE WILLIAM ARCHIBALD KRUGER BROWN 34 MANYFIELDS PTY LTD KEASELEKWA ALFRED MAMPURU TINTSWALO PATIENCE MALULEKE NARE DASLEY MOLOKOMME PHUTI ONICCAH MPHEROANE KHANYISA LEBOGANG MOKOMA TLOU THANDI MPHEROANE 35 INVESTIPLAN BLUE PTY LTD

The top commercial mortgages greater than R5 million and limited to 50 in May 2016 are:

Rank Bond Amount Buyer Bank Erf Key Suburb Node First Transaction at

1 350,000,000 CENTURION LIFESTYLE TRUST INVESTEC HENNOPSPARK~740~00000 HENNOPS PARK INDUSTRIAL PRETORIA - CENTURION 201605 HENNOPSPARK~748~00000 HENNOPS PARK INDUSTRIAL PRETORIA - CENTURION 201605 HENNOPSPARK~751~00000 HENNOPS PARK INDUSTRIAL PRETORIA - CENTURION 201605 HENNOPSPARK~752~00000 HENNOPS PARK INDUSTRIAL PRETORIA - CENTURION 201605

45 1 350,000,000 CENTURION LIFESTYLE TRUST INVESTEC HENNOPSPARK~753~00000 HENNOPS PARK INDUSTRIAL PRETORIA - CENTURION 201605 HENNOPSPARK~754~00000 HENNOPS PARK INDUSTRIAL PRETORIA - CENTURION 201605 HENNOPSPARK~757~00000 HENNOPS PARK INDUSTRIAL PRETORIA - CENTURION 201605 HENNOPSPARK~758~00000 HENNOPS PARK INDUSTRIAL PRETORIA - CENTURION 201605 HENNOPSPARK~765~00000 HENNOPS PARK INDUSTRIAL PRETORIA - CENTURION 201605 HENNOPSPARK~767~00000 HENNOPS PARK INDUSTRIAL PRETORIA - CENTURION 201605 MORE PROPERTIES ON TITLE DEED 2 350,000,000 AFRISPHERE MANAGEMENT BUSINESS INVESTEC HATFIELD~780~00000 PRETORIA - CBD 201311 SOLUTIONS PTY LTD AZIBIX PTY LTD INVESTEC HATFIELD~780~00000 PRETORIA - CBD 201311 BATHOFELA CONSULTING CC INVESTEC HATFIELD~780~00000 PRETORIA - CBD 201311 CADELEC CC INVESTEC HATFIELD~780~00000 PRETORIA - CBD 201311 DELPROP GAZA PTY LTD INVESTEC HATFIELD~780~00000 PRETORIA - CBD 201311 DERCURIUS TRADE & INVEST PTY LTD INVESTEC HATFIELD~780~00000 PRETORIA - CBD 201311 DOPPERBLOED 4 INV CC INVESTEC HATFIELD~780~00000 PRETORIA - CBD 201311 EENHEID 3704 SAN LAMEER PTY LTD INVESTEC HATFIELD~780~00000 PRETORIA - CBD 201311 GRETCO INV PTY LTD INVESTEC HATFIELD~780~00000 PRETORIA - CBD 201311 HIGHLAND NIGHT INV 103 PTY LTD INVESTEC HATFIELD~780~00000 PRETORIA - CBD 201311 INTSHEBE PROPS 204 PTY LTD INVESTEC HATFIELD~780~00000 PRETORIA - CBD 201311 IRMACO INV PTY LTD INVESTEC HATFIELD~780~00000 PRETORIA - CBD 201311 ISINDA 178 PTY LTD INVESTEC HATFIELD~780~00000 PRETORIA - CBD 201311 ISIPHOSETHU INV HOLDINGS PTY LTD INVESTEC HATFIELD~780~00000 PRETORIA - CBD 201311 MUNAI PTY LTD INVESTEC HATFIELD~780~00000 PRETORIA - CBD 201311 NSOVO HOLDINGS PTY LTD INVESTEC HATFIELD~780~00000 PRETORIA - CBD 201311 OLICOSTA PROP PTY LTD INVESTEC HATFIELD~780~00000 PRETORIA - CBD 201311 OTWALA INV PTY LTD INVESTEC HATFIELD~780~00000 PRETORIA - CBD 201311 PAZOPLEX PTY LTD INVESTEC HATFIELD~780~00000 PRETORIA - CBD 201311 POLA MABHUNGANE PTY LTD INVESTEC HATFIELD~780~00000 PRETORIA - CBD 201311 PRIVATE LABEL BRANDS CC INVESTEC HATFIELD~780~00000 PRETORIA - CBD 201311 SERVO DRIVE TECH PTY LTD INVESTEC HATFIELD~780~00000 PRETORIA - CBD 201311 SHREE NAATHJI INV PTY LTD INVESTEC HATFIELD~780~00000 PRETORIA - CBD 201311 SILKSTAR 178 PTY LTD INVESTEC HATFIELD~780~00000 PRETORIA - CBD 201311 STEYNVEST PTY LTD INVESTEC HATFIELD~780~00000 PRETORIA - CBD 201311 TECHANIE INV CC INVESTEC HATFIELD~780~00000 PRETORIA - CBD 201311 VERITAS STAALWERKE CC INVESTEC HATFIELD~780~00000 PRETORIA - CBD 201311 VERSTER & NEL BELEGGINGS CC INVESTEC HATFIELD~780~00000 PRETORIA - CBD 201311 VULANKOULOS 120 PTY LTD INVESTEC HATFIELD~780~00000 PRETORIA - CBD 201311 WWISE INV PTY LTD INVESTEC HATFIELD~780~00000 PRETORIA - CBD 201311 3 270,000,000 ZOTEC DEVELOPMENTS PTY LTD STANDARD ELDORAIGNE~4789~00000 ELDORAIGNE PRETORIA - CENTURION 201410 4 129,300,000 NUNGU TRADING 472 PTY LTD NEDBANK PHILIP NEL PARK~16~00000 PHILIP NEL PARK PRETORIA - CBD 201512 5 95,000,000 COSMOPOLITAN PROJECTS TSHWANE PTY NEDBANK JR~317~00060 ANDEON PRETORIA - NORTH 201605 LTD JR~317~00113 ANDEON PRETORIA - NORTH 201605 JR~317~00114 ANDEON PRETORIA - NORTH 201605 JR~317~00184 ANDEON PRETORIA - NORTH 201605 6 76,100,000 VENTURE PEGUFORM PROP ONE PTY LTD FIRSTRAND ROSSLYN~87~00000 ROSSLYN PRETORIA - NORTH 201605 ROSSLYN~88~00000 ROSSLYN PRETORIA - NORTH 201605 7 66,000,000 CALIBER 293 PTY LTD NEDBANK DIE HOEWES~745~00000 PRETORIA - CENTURION 201504 8 50,000,000 AFRISPHERE MANAGEMENT BUSINESS INVESTEC HATFIELD~780~00000 PRETORIA - CBD 201507 SOLUTIONS PTY LTD AZIBIX PTY LTD INVESTEC HATFIELD~780~00000 PRETORIA - CBD 201507 BATHOFELA CONSULTING CC INVESTEC HATFIELD~780~00000 PRETORIA - CBD 201507 CADELEC CC INVESTEC HATFIELD~780~00000 PRETORIA - CBD 201507 DELPROP GAZA PTY LTD INVESTEC HATFIELD~780~00000 PRETORIA - CBD 201507 DERCURIUS TRADE & INVEST PTY LTD INVESTEC HATFIELD~780~00000 PRETORIA - CBD 201507 DOPPERBLOED 4 INV CC INVESTEC HATFIELD~780~00000 PRETORIA - CBD 201507 EENHEID 3704 SAN LAMEER PTY LTD INVESTEC HATFIELD~780~00000 PRETORIA - CBD 201507 GRETCO INV PTY LTD INVESTEC HATFIELD~780~00000 PRETORIA - CBD 201507 HIGHLAND NIGHT INV 103 PTY LTD INVESTEC HATFIELD~780~00000 PRETORIA - CBD 201507 INTSHEBE PROPS 204 PTY LTD INVESTEC HATFIELD~780~00000 PRETORIA - CBD 201507 IRMACO INV PTY LTD INVESTEC HATFIELD~780~00000 PRETORIA - CBD 201507 ISINDA 178 PTY LTD INVESTEC HATFIELD~780~00000 PRETORIA - CBD 201507 ISIPHOSETHU INV HOLDINGS PTY LTD INVESTEC HATFIELD~780~00000 PRETORIA - CBD 201507 MUNAI PTY LTD INVESTEC HATFIELD~780~00000 PRETORIA - CBD 201507 NSOVO HOLDINGS PTY LTD INVESTEC HATFIELD~780~00000 PRETORIA - CBD 201507 OLICOSTA PROP PTY LTD INVESTEC HATFIELD~780~00000 PRETORIA - CBD 201507 OTWALA INV PTY LTD INVESTEC HATFIELD~780~00000 PRETORIA - CBD 201507 PAZOPLEX PTY LTD INVESTEC HATFIELD~780~00000 PRETORIA - CBD 201507 POLA MABHUNGANE PTY LTD INVESTEC HATFIELD~780~00000 PRETORIA - CBD 201507 PRIVATE LABEL BRANDS CC INVESTEC HATFIELD~780~00000 PRETORIA - CBD 201507 SERVO DRIVE TECH PTY LTD INVESTEC HATFIELD~780~00000 PRETORIA - CBD 201507 SHREE NAATHJI INV PTY LTD INVESTEC HATFIELD~780~00000 PRETORIA - CBD 201507 SILKSTAR 178 PTY LTD INVESTEC HATFIELD~780~00000 PRETORIA - CBD 201507 STEYNVEST PTY LTD INVESTEC HATFIELD~780~00000 PRETORIA - CBD 201507 TECHANIE INV CC INVESTEC HATFIELD~780~00000 PRETORIA - CBD 201507 VERITAS STAALWERKE CC INVESTEC HATFIELD~780~00000 PRETORIA - CBD 201507 VERSTER & NEL BELEGGINGS CC INVESTEC HATFIELD~780~00000 PRETORIA - CBD 201507 VULANKOULOS 120 PTY LTD INVESTEC HATFIELD~780~00000 PRETORIA - CBD 201507 WWISE INV PTY LTD INVESTEC HATFIELD~780~00000 PRETORIA - CBD 201507 46 9 33,000,000 VRESTHENA PTY LTD INVESTEC RIETFONTEIN PTA~801~00000 RIETFONTEIN PRETORIA - NORTH 201605 10 28,000,000 ANKE PROP PTY LTD NEDBANK SILVERTONDALE~212~00014 PRETORIA - EAST 201605 11 25,000,000 BROOKLYN ADVOCATES CHAMBERS PROP INVESTEC NIEUW MUCKLENEUK~430~00000 NEW MUCKLENEUK PRETORIA - BROOKLYN 201605 HOLDINGS LTD 12 25,000,000 BROOKLYN ADVOCATES CHAMBERS INVESTEC ARCADIA~1594~00000 PRETORIA - CBD 201605 LETTING CO 2 PTY LTD 13 20,000,000 BYN-TRADE 7 CC FIRSTRAND PRETORIA NORTH~1791~00000 PRETORIA NORTH PRETORIA - NORTH 201605 14 18,550,000 CENT CONSTRUCTION CC NEDBANK EQUESTRIA~1801~00000 EQUESTRIA PRETORIA - EAST 201510 15 16,600,000 MZILANKATHA TRUST NEDBANK JR~375~00594 MOOIKLOOF PRETORIA - EAST 201605 16 15,300,000 Y I GORA TRUST STANDARD GEZINA~715~00000 GEZINA PRETORIA - NORTH 201605 17 14,000,000 ERTOWANE PTY LTD FIRSTRAND PRETORIA~3124~00000 PRETORIA CENTRAL PRETORIA - CBD 201605 18 13,000,000 SECOND EMPIRE INV 25 PTY LTD NEDBANK WATERKLOOF PTA~633~00000 WATERKLOOF PRETORIA - BROOKLYN 201605 19 12,000,000 JORDICEL PTY LTD NEDBANK MENLO PARK~540~00000 MENLO PARK PRETORIA - BROOKLYN 201504 20 11,000,000 JORDICEL PTY LTD NEDBANK MENLO PARK~540~00000 MENLO PARK PRETORIA - BROOKLYN 201411 21 10,000,000 JANSEL INV CC INVESTEC HATFIELD~672~00000 HATFIELD PRETORIA - CBD 201605 22 10,000,000 URBANBASIC PROP PTY LTD INVESTEC ARCADIA~561~00000 ARCADIA PRETORIA - CBD 201605 23 10,000,000 JUPITER 123 PROP PTY LTD ABSA OLYMPUS BOULEVARD~14~00000 OLYMPUS AH PRETORIA - EAST 201605 24 9,000,000 LAROPAX PTY LTD INVESTEC HATFIELD~429~00000 HATFIELD PRETORIA - CBD 201605 HATFIELD~429~00001 HATFIELD PRETORIA - CBD 201605 25 9,000,000 QUALIPLAN PTY LTD NEDBANK OLIEVENHOUTBOS~8256~00000 OLIEVENHOUTSBOS PRETORIA - CENTURION 201605 26 9,000,000 PACIFIC COAST INV PTY LTD OTHER BANK PRETORIA~3234~00000 PRETORIA CENTRAL PRETORIA - CBD 201605 27 7,000,000 ERF 1083 ROOIHUISKRAAL PTY LTD NEDBANK KOSMOSDAL~3254~00000 KOSMOSDAL PRETORIA - CENTURION 201605 28 6,300,000 ISIGIDI TRADING 95 CC OTHER BANK KOSMOSDAL~893~00003 KOSMOSDAL PRETORIA - CENTURION 201605 29 6,100,000 OAK VIEW FARM TRUST INVESTEC JR~373~00134 ZWAVELPOORT PRETORIA - EAST 201605 JR~373~00135 ZWAVELPOORT PRETORIA - EAST 201605 JR~373~01068 ZWAVELPOORT PRETORIA - EAST 201605 30 6,000,000 GODRICH FLOUR MILLS PTY LTD NEDBANK ERASMUS~25~00000 BRONKHORSTSPRUIT PRETORIA - EAST 201605 31 6,000,000 HAZELDEAN MEDICAL PTY LTD NEDBANK TIJGER VALLEI~795~00000 PRETORIA - EAST 201605 TIJGER VALLEI 1 PTY LTD NEDBANK TIJGER VALLEI~795~00000 PRETORIA - EAST 201605 32 5,500,000 HILLS SMITHS PROP TRUST FIRSTRAND THE HILLS~833~00000 THE HILLS PRETORIA - EAST 201605 33 5,200,000 BEZIWIZ CC SA HOMELOANS JR~375~00784 MOOIKLOOF HEIGHTS PRETORIA - EAST 201605 34 5,160,000 MILESTONE PLACE PROP PTY LTD FIRSTRAND IRENE~1008~00024 ROUTE 21 CORPORATE PARK PRETORIA - CENTURION 201605 35 5,040,000 INDUS STREET PTY LTD NEDBANK WATERKLOOF RIDGE~1988~00000 PRETORIA - BROOKLYN 201605

Directors for these companies are:

Rank Buyer First Name Surname

1 CENTURION LIFESTYLE TRUST MORE PROPERTIES ON TITLE DEED 2 AZIBIX PTY LTD IRMACO INV PTY LTD ADRIANNA SLOOTWEG WILLEM SLOOTWEG DERCURIUS TRADE & INVEST PTY LTD SAREL LOUIS WOLFAARDT DIRK JOHANNES WOLFAARDT STEYNVEST PTY LTD JOHANNES GERHARDUS STEYN POLA MABHUNGANE PTY LTD OLGA THANDIWE HADEBE WWISE INV PTY LTD MUHAMMAD ABDULLAH ALI OMAR ISIPHOSETHU INV HOLDINGS PTY LTD SANDILE LLEWELYN SHABALALA VULANKOULOS 120 PTY LTD TIMM GEORGE SOTHMANN RUDOLF JACOBUS GROBBELAAR DELPROP GAZA PTY LTD CHRISTIAN GERT DELPORT LOURENS JOHANNES DELPORT OLICOSTA PROP PTY LTD MARIA CECILIA DA COSTA ANA PAULA COITO OLIVEIRA JOSE DELFIU DA COSTA VITOR MANUEL DA COSTA OLIVEIRA PAZOPLEX PTY LTD DYLAN VERHAVE NICOLAS PAUL ROBINSON MUNAI PTY LTD SEDZANI LIGUDU SERVO DRIVE TECH PTY LTD HORST-DIETER MATZNER LAURA MATZNER HIGHLAND NIGHT INV 103 PTY LTD JOHANNES HENDRIK MAREE LOUBCHER CADELEC CC JEANETTE SHEELAGH CONSTAN-TATOS PETER BASIL CONSTAN-TATOS SHREE NAATHJI INV PTY LTD MAHESHKUMAR KANTILAL DHANJEE EENHEID 3704 SAN LAMEER PTY LTD BAREND PETRUS BOTHA GERT JACOBUS VIVIERS GRETCO INV PTY LTD PETER MICHAEL DAWSON VERSTER & NEL BELEGGINGS CC ARNE VERSTER BATHOFELA CONSULTING CC MPHEFENYANE JOYCE MABALA MABORE MORRIS MACHETE MATSHIDISO JOHN MABALA AFRISPHERE MANAGEMENT BUSINESS SOLUTIONS PTY LTD HARLEM JUNIOR GONGXEKA MISSISSIPPI LILIAN KHUMALO JUNIOR MPUMELELO KHUMALO

47 2 AFRISPHERE MANAGEMENT BUSINESS SOLUTIONS PTY LTD NOMBULELO GONGXEKA ISINDA 178 PTY LTD GERHARDUS STEENKAMP SONJA CATHARINA BOY VERITAS STAALWERKE CC JOHANNES ANTONIE HOUGH TECHANIE INV CC DELANIE LAMPRECHT HENRY LAMPRECHT THEUNIS JOHANNES LAMPRECHT CONRAD LAMPRECHT NSOVO HOLDINGS PTY LTD NHLAMULO CINDY MABUNDA MAKHENSA SOLLY MABUNDA RISIMATI PRIVATE LABEL BRANDS CC LAUREN VAN ZYL MICHELE DE BEER SILKSTAR 178 PTY LTD JOHANNES JACOBUS VIVIERS DOPPERBLOED 4 INV CC CASPARUS GERHARDUS TROSKIE LEON GROBLER GERT CHRISTOFFEL SNYMAN JACOB FRANCOIS LEE OTWALA INV PTY LTD DEON ADRIAN PENTZ INTSHEBE PROPS 204 PTY LTD LOUIS-JANE WIGGINS ANDREW JOHN WIGGINS 3 ZOTEC DEVELOPMENTS PTY LTD ANTON CROUSE 4 NUNGU TRADING 472 PTY LTD NIKITAS GHIKAS VONTAS ROBIN LESLIE RAINIER 5 COSMOPOLITAN PROJECTS TSHWANE PTY LTD TERTIUS GILBERT BIDDULPH PIERRE LEON LUDICK JOHANN MARTHINUS VORSTER ANTON CROUSE 6 VENTURE PEGUFORM PROP ONE PTY LTD JAMES NEILSON WILKES MARK ANDREW WALKER 7 CALIBER 293 PTY LTD JOSUA JACOBUS PIENAAR ALBERT ESWORD SWANEPOEL 9 VRESTHENA PTY LTD CHRISTOS GIANNACOPOULOS JOHN GIANNACOPOULOS HARALAMBOS GIANNACOPOULOS 10 ANKE PROP PTY LTD PREMIUM CORPORATE CONSULTING SERVICES ANTHONY KEVIN STEIN JEFFREY PERCY WAPNICK 11 BROOKLYN ADVOCATES CHAMBERS PROP HOLDINGS LTD FERNANDA PAUER MICHAEL CHRISTIAN MARITZ JAMES SAMUEL STONE NICHOLAS GERARD DAVID MARITZ JOHANN HENDRIK STROH HERMANUS FOULDS OOSTHUIZEN 12 BROOKLYN ADVOCATES CHAMBERS LETTING CO 2 PTY LTD MARUIS MARKUS WILKERS VAN ZYL IZAK JACOBUS STEFANUS VAN DER LINDE JACOB GABRIEL CILLIERS 13 BYN-TRADE 7 CC THEODOROS PANDAZIS MYRSINI PANDAZIS 14 CENT CONSTRUCTION CC ADAM JACOBUS DU TOIT 15 MZILANKATHA TRUST 16 Y I GORA TRUST 17 ERTOWANE PTY LTD JACOBUS JOHANNES CROUKAMP DAVID WILLIAM HEWER DAVID JACOBUS DE VILLIERS DAVID JACOBUS DE VILLIERS 18 SECOND EMPIRE INV 25 PTY LTD CLINTON HALSE 19 JORDICEL PTY LTD 21 JANSEL INV CC PHILIPPUS JACOBUS COETZER PETRUS JOHANNES JACOBUS DEALE PIETER WILLEM PRINSLOO 22 URBANBASIC PROP PTY LTD FRANS LODEWYK SWANEPOEL LOURENS 23 JUPITER 123 PROP PTY LTD CHARL PETRUS MOCKE WILLEM ADRIAAN DU TOIT RIAAN ALBERTYN RIAAN DIQUE MICHIEL GEORGE FERREIRA CHRISTO LOURENS 24 LAROPAX PTY LTD JACOBUS WILLEM JANSE VAN RENSBURG JACOB GABRIEL CILLIERS MARUIS MARKUS WILKERS VAN ZYL 25 QUALIPLAN PTY LTD ANTON BIEHLER 26 PACIFIC COAST INV PTY LTD STEPHEN DE SOUZA ALLEGRIA ANTONIA ENSELMO DE ALLEGRIA SOUZA 27 ERF 1083 ROOIHUISKRAAL PTY LTD ANDRE COMBRINCK

48 28 ISIGIDI TRADING 95 CC YU-CHUAN YANG 29 OAK VIEW FARM TRUST 30 GODRICH FLOUR MILLS PTY LTD HARRY CARVER GODRICH ANTHONY CLIVE GODRICH JOHN CARVER GODRICH 31 TIJGER VALLEI 1 PTY LTD DAVID STANLEY SAVAGE GAVIN BARRY JOHN BOWES MARLENE LOTHIAN PAUL HARWOOD NASH MATTHYS STEFANUS NESER BENJAMIN HAZELDEAN MEDICAL PTY LTD PHILDA DE JAGER MATTHYS DANIEL FOURIE 32 HILLS SMITHS PROP TRUST 33 BEZIWIZ CC ANDRE VLOK JACOBUS CHRISTOFFEL OOSTHUIZEN HENDRIK NICOLAAS JACOBUS VLOK 34 MILESTONE PLACE PROP PTY LTD 35 INDUS STREET PTY LTD WILLEM SMIT

49 2.1.4 Ekurhuleni Municipality

The transactional activity (R Million) is as follows:

Node 2013 2014 2015 2016 YTD Jun 2015 - May May 2016 2016 EKURHULENI - BOKSBURG 2,603 34.9% 3,744 40.1% 3,035 28.8% 3,276 43.9% 5,422 37.0% 749 49.3% EKURHULENI - GERMISTON 986 13.2% 1,292 13.8% 575 5.4% 1,071 14.3% 1,478 10.1% 270 17.8% EKURHULENI - KEMPTON PARK 919 12.3% 1,388 14.9% 2,144 20.3% 941 12.6% 2,199 15.0% 38 2.5% EKURHULENI - ALBERTON 1,380 18.5% 419 4.5% 632 6.0% 908 12.2% 1,240 8.5% 54 3.5% EKURHULENI - BEDFORDVIEW 484 6.5% 634 6.8% 2,043 19.4% 506 6.8% 2,450 16.7% 169 11.1% NOT ALLOCATED 45 0.6% 356 3.8% 420 4.0% 289 3.9% 587 4.0% 174 11.4% EKURHULENI - BENONI 399 5.3% 803 8.6% 852 8.1% 288 3.9% 643 4.4% 28 1.8% EKURHULENI - SPRINGS/BRAKPAN 498 6.7% 524 5.6% 707 6.7% 126 1.7% 484 3.3% 39 2.5% EKURHULENI - EDENVALE 143 1.9% 187 2.0% 99 0.9% 61 0.8% 102 0.7% 0 0.0% JOHANNESBURG - HOUGHTON ESTATE 0 0.0% 0 0.0% 47 0.4% 0 0.0% 47 0.3% 0 0.0% Total 7,457 9,348 10,553 7,465 14,651 1,519

The bond activity (R Million) is as follows:

Node 2013 2014 2015 2016 YTD Jun 2015 - May May 2016 2016 EKURHULENI - BOKSBURG 1,643 27.3% 3,877 34.9% 2,188 22.6% 2,813 38.8% 4,764 32.5% 75 2.5% EKURHULENI - GERMISTON 555 9.2% 438 3.9% 501 5.2% 1,426 19.7% 1,808 12.3% 1,346 44.4% NOT ALLOCATED 343 5.7% 405 3.6% 251 2.6% 1,000 13.8% 1,155 7.9% 1,000 33.0% EKURHULENI - KEMPTON PARK 826 13.7% 1,837 16.5% 1,490 15.4% 940 13.0% 1,825 12.5% 196 6.4% EKURHULENI - BENONI 945 15.7% 1,274 11.5% 1,101 11.4% 520 7.2% 1,143 7.8% 162 5.3% EKURHULENI - ALBERTON 710 11.8% 952 8.6% 3,088 31.9% 268 3.7% 2,832 19.3% 191 6.3% EKURHULENI - SPRINGS/BRAKPAN 357 5.9% 193 1.7% 605 6.2% 153 2.1% 610 4.2% 66 2.2% EKURHULENI - BEDFORDVIEW 600 10.0% 2,022 18.2% 334 3.4% 94 1.3% 364 2.5% 0 0.0% EKURHULENI - EDENVALE 40 0.7% 115 1.0% 134 1.4% 28 0.4% 156 1.1% 0 0.0% Total 6,019 11,113 9,691 7,240 14,657 3,034

50 The Market Share is as follows:

51 52 The top commercial transactions greater than R5 million and limited to 50 for May 2016 are:

Rank Purchase Price Buyer Seller Erf Key Suburb Node Title Deed No

1 356,172,157 REDEFINE PROP LTD S & J LAND INV PTY LTD IR~108~00531 T29629/2016 IR~90~00002 EKURHULENI - BEDFORDVIEW T29629/2016 2 356,172,157 PIVOTAL FUND LTD S & J LAND INV PTY LTD IR~108~00531 T29630/2016 IR~90~00002 EKURHULENI - BEDFORDVIEW T29630/2016 3 194,562,429 BARNES MINING PRODUCTS PTY HALL LONGMORE HOLDINGS PTY LTD WADEVILLE~530~00000 WADEVILLE EKURHULENI - GERMISTON T13294/2016 LTD WADEVILLE~531~00000 WADEVILLE EKURHULENI - GERMISTON T13294/2016 WADEVILLE~655~00000 WADEVILLE EKURHULENI - GERMISTON T13294/2016 4 119,658,572 CAPITAL PROPFUND PTY LTD IFOUR PROP THREE PTY LTD ISANDO~604~00000 ISANDO EKURHULENI - BOKSBURG T17824/2016 5 96,357,311 CAPITAL PROFUND PTY LTD PANHOLD PTY LTD ISANDO~500~00000 ISANDO EKURHULENI - BOKSBURG T17300/2016 6 79,149,368 G G P INV PTY LTD S & J LAND INV PTY LTD IR~108~00531 T29631/2016 IR~90~00002 EKURHULENI - BEDFORDVIEW T29631/2016 7 70,000,000 CML SOFTWARE DEV PTY LTD PARAMOUNT PROP FUND LTD ROODEKOP~2944~00000 ROODEKOP EKURHULENI - GERMISTON T13246/2016 8 69,800,000 SA RETAIL PROP PTY LTD A B S A BANK LTD HUGHES~227~00000 EKURHULENI - BOKSBURG T14823/2016 HUGHES~52~00001 EKURHULENI - BOKSBURG T14823/2016 9 69,800,000 S A RETAIL PROP PTY LTD S A CORPORATE REAL ESTATE TRUST IR~85~00112 HUGHES EKURHULENI - BOKSBURG T30846/2016 SCHEME 10 65,000,000 SA RETAIL PROP PTY LTD S A CORPORATE REAL ESTATE TRUST JET PARK~451~00000 JET PARK EKURHULENI - BOKSBURG T14819/2016 SCHEME JET PARK~452~00000 JET PARK EKURHULENI - BOKSBURG T14819/2016 11 56,500,000 SA RETAIL PROP PTY LTD S A CORPORATE REAL ESTATE TRUST HUGHES~230~00000 HUGHES EKURHULENI - BOKSBURG T14822/2016 SCHEME 12 55,230,491 CAPITAL PROPFUND PTY LTD FOUR PROP THREE PTY LTD ISANDO~333~00000 ISANDO EKURHULENI - BOKSBURG T17569/2016 13 48,700,000 SA RETAIL PROP PTY LTD S A CORPORATE REAL ESTATE TRUST JET PARK~57~00000 JET PARK EKURHULENI - BOKSBURG T14820/2016 SCHEME 14 48,700,000 S A RETAIL PROP PTY LTD S A CORPORATE REAL ESTATE TRUST IR~64~00093 JET PARK EKURHULENI - BOKSBURG T30845/2016 15 34,500,000 SA RETAIL PROP PTY LTD WHIRLPROPS 25 PTY LTD HUGHES~212~00000 HUGHES EKURHULENI - BOKSBURG T14821/2016 16 33,250,000 LOUGOT PROP INV PTY LTD O C G ESTATES PTY LTD IR~63~00578 T31948/2016 17 30,000,000 HAI YANG MANSIONS CC METBOARD PROP LTD ALRODE~1447~00000 ALRODE EKURHULENI - ALBERTON T17329/2016 18 26,790,000 DEKEMA DEVELOPMENTS CC OTIS ELEVATOR CO LTD WADEVILLE~187~00000 WADEVILLE EKURHULENI - GERMISTON T11087/2016 WADEVILLE~190~00000 WADEVILLE EKURHULENI - GERMISTON T11087/2016 WADEVILLE~191~00000 WADEVILLE EKURHULENI - GERMISTON T11087/2016 19 26,700,000 SA RETAIL PROP PTY LTD S A CORPORATE REAL ESTATE TRUST JET PARK~91~00000 JET PARK EKURHULENI - BOKSBURG T14818/2016 SCHEME JET PARK~92~00000 JET PARK EKURHULENI - BOKSBURG T14818/2016 20 22,574,974 SELCOURT HOUSING PORTFOLIO FIRST TRADE & INVEST 4 RF PTY LTD SELCOURT~3580~00017 EKURHULENI - SPRINGS/BRAKPAN T10419/2016 RF PTY LTD SELCOURT~3580~00023 EKURHULENI - SPRINGS/BRAKPAN T10419/2016 21 20,000,000 SHRAMI INV PTY LTD FEMTOSPOT PTY LTD UNION~272~00000 EKURHULENI - GERMISTON T14204/2016 22 20,000,000 SIAFA INV HOLDINGS PTY LTD SHAIK PROP HOLDINGS PTY LTD POMONA~3254~00000 EKURHULENI - BENONI T27000/2016 POMONA~3255~00000 EKURHULENI - BENONI T27000/2016 POMONA~3568~00000 EKURHULENI - BENONI T27000/2016 POMONA~3569~00000 EKURHULENI - BENONI T27000/2016 23 18,240,000 CENTRAL PROP DEVELOPMENT COSMOPOLITAN PROJECTS CLAYVILLE~2181~00000 CLAYVILLE EKURHULENI - KEMPTON PARK T34892/2016 JOHANNESBURG PTY LTD JOHANNESBURG PTY LTD CLAYVILLE~2182~00000 CLAYVILLE EKURHULENI - KEMPTON PARK T34892/2016 CLAYVILLE~2183~00000 CLAYVILLE EKURHULENI - KEMPTON PARK T34892/2016 CLAYVILLE~2184~00000 CLAYVILLE EKURHULENI - KEMPTON PARK T34892/2016 CLAYVILLE~2185~00000 CLAYVILLE EKURHULENI - KEMPTON PARK T34892/2016 CLAYVILLE~2186~00000 CLAYVILLE EKURHULENI - KEMPTON PARK T34892/2016 CLAYVILLE~2187~00000 CLAYVILLE EKURHULENI - KEMPTON PARK T34892/2016 CLAYVILLE~2188~00000 CLAYVILLE EKURHULENI - KEMPTON PARK T34892/2016 CLAYVILLE~2190~00000 CLAYVILLE EKURHULENI - KEMPTON PARK T34892/2016 24 16,000,000 VAAL VALUE WAREHOUSE PTY LTD MVUA PROP PARTNERS PTY LTD SPRINGS~1050~00000 SPRINGS CENTRAL EKURHULENI - SPRINGS/BRAKPAN T17883/2016 SPRINGS~1052~00000 SPRINGS CENTRAL EKURHULENI - SPRINGS/BRAKPAN T17883/2016 SPRINGS~1056~00000 SPRINGS CENTRAL EKURHULENI - SPRINGS/BRAKPAN T17883/2016 SPRINGS~1979~00000 SPRINGS CENTRAL EKURHULENI - SPRINGS/BRAKPAN T17883/2016 25 14,579,243 GREAT NORTH IND PARK PTY LTD PROPERTY HUNT PTY LTD GOEDEBURG~375~00000 BRENTWOOD PARK AH EKURHULENI - BENONI T14398/2016 GOEDEBURG~376~00000 BRENTWOOD PARK AH EKURHULENI - BENONI T14398/2016 26 13,600,000 MORVEST PROP EAST PTY LTD MFIM INV PTY LTD LAKEFIELD~197~00000 LAKEFIELD EKURHULENI - BOKSBURG T15525/2016 27 13,400,000 SA RETAIL PROP PTY LTD S A CORPORATE REAL ESTATE TRUST HUGHES~225~00000 HUGHES EKURHULENI - BOKSBURG T14817/2016 SCHEME 28 13,000,000 JA ENGINEERING WORKS PTY LTD SUN ROAD PROP 4 CC JET PARK~69~00000 JET PARK EKURHULENI - BOKSBURG T14805/2016 29 13,000,000 STORAGE GENIE PTY LTD CORAL LAGOON INV 73 PTY LTD SEBENZA~260~00000 SEBENZA EKURHULENI - KEMPTON PARK T15363/2016 30 12,500,000 GLOBAL OPTIONS PTY LTD MEADOW STAR INV 85 PTY LTD BEDFORDVIEW~467~00000 BEDFORDVIEW EKURHULENI - BEDFORDVIEW T18212/2016 31 10,260,000 JMR TRAILER PARTS & CATWALK INV 64 PTY LTD ALRODE~581~00000 ALRODE EKURHULENI - ALBERTON T16533/2016 ACCESSORIES PROP CC 32 10,000,000 SUMMIT PROP CO PTY LTD PRIDE VENTURES CC BERTON PARK~1~00000 BERTON PARK EKURHULENI - BOKSBURG T18228/2016 33 9,500,000 1154 GERMISTON EXT 4 PTY LTD F G HOFFMANN PTY LTD GERMISTON~1043~00000 DRIEHOEK EKURHULENI - BEDFORDVIEW T10879/2016 34 8,500,000 ASH BROOK INV 31 PTY LTD R Z T ZELPY 5005 PTY LTD ALBERTON~1134~00000 ALBERTON CENTRAL EKURHULENI - GERMISTON T13275/2016 35 8,500,000 HILLBERT CONSTRUCTION CC SANDELLS TONI RICHELLE ELIZABETH IR~108~00535 T34890/2016 TINA 36 7,750,000 AJS PROP PTY LTD ST ANDREWS ERF 565/566 CROYDON CC ANDERBOLT~13~00000 ANDERBOLT EKURHULENI - BOKSBURG T17197/2016 37 7,129,153 WORLD COURIER SOUTH AFRICA RICHWEN PROP PTY LTD KEMPTON PARK~2758~00001 KEMPTON PARK EKURHULENI - KEMPTON PARK T22590/2016 PTY LTD CENTRAL KEMPTON PARK~2759~00003 KEMPTON PARK EKURHULENI - KEMPTON PARK T22590/2016 CENTRAL 38 7,000,000 RX TRUST ERASMUS CHRISTO MEYERSDAL NATURE MEYERSDAL NATURE EKURHULENI - ALBERTON T14150/2016 ESTATE~208~00000 ESTATE 39 7,000,000 BIDINOST FAMILY TRUST KAWI TRUST BEDFORDVIEW~2442~00000 BEDFORDVIEW EKURHULENI - BEDFORDVIEW T16790/2016 40 6,500,000 AFRICAN BUSH ART PTY LTD LUCKEMEYER JORG JURGEN MEYERSDAL NATURE MEYERSDAL NATURE EKURHULENI - ALBERTON T17821/2016 ESTATE~357~00000 ESTATE 53 41 6,300,000 SERENITY PROP TRUST NEW HEIGHTS 1513 CC ORIEL~33~00000 ORIEL EKURHULENI - BEDFORDVIEW T17183/2016 42 6,200,000 PAPERINO PROP HOLDINGS PTY BERRY WINSTON DELANO BEDFORDVIEW~2371~00001 BEDFORDVIEW EKURHULENI - BEDFORDVIEW T13592/2016 LTD 43 5,500,000 ARNOLD KAPLAN TRUST DONVALE ENTERPRISES PTY LTD KLIPPOORTJE AL~186~00008 KLIPPOORTJE EKURHULENI - GERMISTON T10353/2016 INDUSTRIAL EZRAE KAPLAN TRUST DONVALE ENTERPRISES PTY LTD KLIPPOORTJE AL~186~00008 KLIPPOORTJE EKURHULENI - GERMISTON T10353/2016 INDUSTRIAL 44 5,100,000 DA MUSHU HOLDING PTY LTD PRODUKON PTY LTD MIDSTREAM ESTATE~2280~00000 MIDSTREAM ESTATE EKURHULENI - KEMPTON PARK T35458/2016

Directors for these companies are:

Rank Buyer First Name Surname

1 REDEFINE PROP LTD NOMALIZO BERYL LANGA-ROYDS MARIUS BARKHUYSEN DAVID ALAN NATHAN MICHAEL JOHN WATTERS PHUMZILE LANGENI MICHAEL JOHN RUTTLE MARC WAINER DAVID HUW RICE HARISHKUMAR KANTILAL MEHTA ANDREW JOSEPH KÖNIG GUNTER ZEND STEFFENS BRONWYN BAKER BERNARD NACKAN LEON CHRISTIAAN KOK 2 PIVOTAL FUND LTD AARON SUCKERMAN CHRISTOPHER HAIG EWING THOMAS ALEXANDER WIXLEY THANDUXOLO SELBY SISHUBA DAVID STANLEY SAVAGE MATTHYS STEFANUS NESER BENJAMIN ANTHONY DAVID DIXON STEWART SHAW-TAYLOR JACQUELINE ROUXANNE VAN NIEKERK 3 BARNES MINING PRODUCTS PTY LTD RACHAMIM BARNES DORON BARNES 4 CAPITAL PROPFUND PTY LTD MARK WALTER STEVENS BERNITA SCHAPER WILLEM JAKOB SERFONTEIN ABRAHAM ALBERTUS BORNMAN ANDREW TEIXEIRA 5 CAPITAL PROFUND PTY LTD ANDREW TEIXEIRA ABRAHAM ALBERTUS BORNMAN WILLEM JAKOB SERFONTEIN BERNITA SCHAPER MARK WALTER STEVENS 6 G G P INV PTY LTD MATTHYS STEFANUS NESER BENJAMIN DAVID STANLEY SAVAGE 7 CML SOFTWARE DEV PTY LTD QINGWEI WU 8 SA RETAIL PROP PTY LTD ANTOINETTE MARGARET BASSON TERENCE RORY MACKEY BENJAMIN SWANEPOEL 9 S A RETAIL PROP PTY LTD ANTOINETTE MARGARET BASSON BENJAMIN SWANEPOEL TERENCE RORY MACKEY 16 LOUGOT PROP INV PTY LTD STEVEN DAVID GOTTSCHALK GOTTSCHALK 17 HAI YANG MANSIONS CC XIAOLEI MA 18 DEKEMA DEVELOPMENTS CC DESMOND GLYNN GERAGHTY BRENDAN DESMOND GERAGHTY 20 SELCOURT HOUSING PORTFOLIO RF PTY LTD WILLEM JACOBUS STRYDOM HAROLD MAURITIUS SPIES LENORE ROSA CELIA CAIRNCROSS IAN ALFRED MASON 21 SHRAMI INV PTY LTD KAYUR SURENDRA PATEL HIMA PRAFUL PATEL 22 SIAFA INV HOLDINGS PTY LTD MUSTUFA IQBAL MUSTUFA IQBAL AHMED VASAIWALA MEMON FAREED AHMED FAREED AHMED MEMONI VASAIWALA ZAHIER AHMED RAGIE ABDUL AZIZ IQBAL VASAIWALA MEMONI ABDUL SAMAD SHAIK EBRAHIM SALMAN FAREED VASAIWALA MEMON IQBAL AHMED MEMONI IQBAL AHMED VASAIWALA MOHAMMED HOOSEN EBRAHIM

54 22 SIAFA INV HOLDINGS PTY LTD FAIZAL FAREED VASAIWALA MEMONI MOHAMMED BILAL EBRAHIM 23 CENTRAL PROP DEVELOPMENT JOHANNESBURG PTY LTD ANTON CROUSE JOHANN MARTHINUS VORSTER PIERRE LEON LUDICK 24 VAAL VALUE WAREHOUSE PTY LTD CHARLES MEYER CLIVE DICHABE PREMIUM CORPORATE CONSULTING SERVICES 25 GREAT NORTH IND PARK PTY LTD DAVID GERALD WILLIAMS-JONES 26 MORVEST PROP EAST PTY LTD MADODA PAPIYANA 28 JA ENGINEERING WORKS PTY LTD GEZANI REUBEN MABUNDA SECRITA STEFANUS CHRISTIAAN DU PLESSIS 29 STORAGE GENIE PTY LTD HERBERT ELLIS WOLPE 30 GLOBAL OPTIONS PTY LTD ANTONIO IOZZO 31 JMR TRAILER PARTS & ACCESSORIES PROP CC LEONARD GERHADUS MOSTERT 32 SUMMIT PROP CO PTY LTD 33 1154 GERMISTON EXT 4 PTY LTD FERNANDO PAULO ANCERIZ PREMIUM CORPORATE CONSULTING SERVICES 34 ASH BROOK INV 31 PTY LTD HENDRIK LOUIS VENTER 35 HILLBERT CONSTRUCTION CC DICK ALBERT HILLS 36 AJS PROP PTY LTD 37 WORLD COURIER SOUTH AFRICA PTY LTD JOHN CARL BUTLER TREVOR PAUL HANBURY STEPHEN LAWRENCE CLIFFORD REMO MARCO HANSELMANN 38 RX TRUST 39 BIDINOST FAMILY TRUST 40 AFRICAN BUSH ART PTY LTD 41 SERENITY PROP TRUST 42 PAPERINO PROP HOLDINGS PTY LTD FABRIZIO LUCIANO ALDRIGHETTI 43 EZRAE KAPLAN TRUST ARNOLD KAPLAN TRUST 44 DA MUSHU HOLDING PTY LTD JOSEPH JOEL MUSHWANA

55 The top commercial mortgages greater than R5 million and limited to 50 in May 2016 are:

Rank Bond Amount Buyer Bank Erf Key Suburb Node First Transaction at

1 1,000,000,000 G G P INV PTY LTD NEDBANK IR~108~00531 201605 IR~90~00002 EKURHULENI - BEDFORDVIEW 201605 PIVOTAL FUND LTD NEDBANK IR~108~00531 201605 IR~90~00002 EKURHULENI - BEDFORDVIEW 201605 REDEFINE PROP LTD NEDBANK IR~108~00531 201605 IR~90~00002 EKURHULENI - BEDFORDVIEW 201605 2 650,000,000 MAIN STREET 1301 PTY LTD STANDARD KLIPPOORTJE AL~27~00013 KLIPPOORTJE INDUSTRIAL EKURHULENI - GERMISTON 201605 3 458,600,000 DIMOPOINT PTY LTD NEDBANK ROODEKOP~1513~00000 ROODEKOP EKURHULENI - GERMISTON 201605 ROODEKOP~1515~00000 ROODEKOP EKURHULENI - GERMISTON 201605 ROODEKOP~1530~00000 ROODEKOP EKURHULENI - GERMISTON 201605 ROODEKOP~3343~00000 ROODEKOP EKURHULENI - GERMISTON 201605 ROODEKOP~3380~00000 ROODEKOP EKURHULENI - GERMISTON 201605 ROODEKOP~7702~00000 EKURHULENI - GERMISTON 201605 4 270,000,000 ZOTEC DEVELOPMENTS PTY LTD STANDARD POMONA~3636~00000 BRENTWOOD PARK AH EKURHULENI - BENONI 201410 MORE PROPERTIES ON BOND 5 150,500,000 BARNES MINING PRODUCTS PTY LTD STANDARD WADEVILLE~530~00000 WADEVILLE EKURHULENI - GERMISTON 201605 WADEVILLE~531~00000 WADEVILLE EKURHULENI - GERMISTON 201605 WADEVILLE~655~00000 WADEVILLE EKURHULENI - GERMISTON 201605 6 104,000,000 DIMOPOINT PTY LTD NEDBANK ALRODE~677~00000 ALRODE EKURHULENI - ALBERTON 201605 7 90,000,000 BEERINGEN NAVORSING PTY LTD NEDBANK IR~15~00003 EKURHULENI - KEMPTON PARK 201605 IR~17~00001 EKURHULENI - KEMPTON PARK 201605 8 66,000,000 GREAT NORTH IND PARK PTY LTD INVESTEC GOEDEBURG~375~00000 BRENTWOOD PARK AH EKURHULENI - BENONI 201605 GOEDEBURG~376~00000 BRENTWOOD PARK AH EKURHULENI - BENONI 201605 9 65,000,000 FIREFLY INV 286 PTY LTD INVESTEC HLAHATSI~1~00000 HLAHATSI EKURHULENI - ALBERTON 201605 10 63,600,000 DIMOPOINT PTY LTD NEDBANK PARKHAVEN~1743~00002 PARKHAVEN EKURHULENI - BENONI 201605 11 55,000,000 CML SOFTWARE DEV PTY LTD FIRSTRAND ROODEKOP~2944~00000 ROODEKOP EKURHULENI - GERMISTON 201605 12 35,000,000 CARNIVAL CITY DEV PTY LTD NEDBANK SALFIN~700~00000 SALFIN EKURHULENI - BOKSBURG 201409 13 34,100,000 REZ SOLUTIONS PROP ADVISORS PTY LTD NEDBANK SPRINGS~1951~00000 SPRINGS CENTRAL EKURHULENI - 201605 SPRINGS/BRAKPAN 14 30,000,000 PARKRAND PIAZZA PTY LTD STANDARD PARKRAND~960~00000 PARKRAND EKURHULENI - BOKSBURG 201605 15 30,000,000 KANHYM ESTATES PTY LTD ABSA JR~413~00028 EKURHULENI - KEMPTON PARK 201605 16 30,000,000 BUFFSHELF 63 TRUST STANDARD RHODESFIELD~636~00000 RHODESFIELD EKURHULENI - KEMPTON PARK 201605 MORE PROPERTIES ON BOND 17 29,000,000 OKSANA INV PTY LTD NEDBANK BARTLETT~1158~00000 EKURHULENI - BOKSBURG 201605 18 24,000,000 STORAGE GENIE PTY LTD INVESTEC SEBENZA~260~00000 SEBENZA EKURHULENI - KEMPTON PARK 201605 19 22,000,000 LOTHLORIEN PTY LTD STANDARD WADEVILLE~172~00000 WADEVILLE EKURHULENI - GERMISTON 201605 WADEVILLE~173~00000 WADEVILLE EKURHULENI - GERMISTON 201605 WADEVILLE~174~00000 WADEVILLE EKURHULENI - GERMISTON 201605 WADEVILLE~175~00000 WADEVILLE EKURHULENI - GERMISTON 201605 20 20,000,000 INDEPENDANT CONTAINER TERMINALS PTY LTD NEDBANK IR~66~00135 EKURHULENI - BENONI 201605 21 17,800,000 VAAL VALUE WAREHOUSE PTY LTD NEDBANK SPRINGS~1050~00000 SPRINGS CENTRAL EKURHULENI - 201605 SPRINGS/BRAKPAN SPRINGS~1052~00000 SPRINGS CENTRAL EKURHULENI - 201605 SPRINGS/BRAKPAN SPRINGS~1056~00000 SPRINGS CENTRAL EKURHULENI - 201605 SPRINGS/BRAKPAN SPRINGS~1979~00000 SPRINGS CENTRAL EKURHULENI - 201605 SPRINGS/BRAKPAN 22 15,500,000 BUFFSHELF 51 TRUST NEDBANK EVELEIGH~494~00000 EVERLEIGH EKURHULENI - BOKSBURG 201605 MORE PROPERTIES ON BOND 23 12,000,000 BUFFSHELF 51 TRUST NEDBANK RYNFIELD~4033~00000 RYNFIELD EKURHULENI - BENONI 201605 MORE PROPERTIES ON BOND 24 11,600,000 ANDERSON DEVELOPMENTS PTY LTD NEDBANK TERENURE~2468~00001 EKURHULENI - KEMPTON PARK 201605 25 10,000,000 JMR TRAILER PARTS & ACCESSORIES PROP CC ABSA ALRODE~581~00000 ALRODE EKURHULENI - ALBERTON 201605 26 10,000,000 AKANI PROP PTY LTD STANDARD KEMPTON PARK~2932~00000 EKURHULENI - KEMPTON PARK 201605 27 9,400,000 BLACK GINGER 164 PTY LTD NEDBANK WADEVILLE~231~00000 WADEVILLE EKURHULENI - GERMISTON 201605 28 8,381,785 PROPERTY HUNT PTY LTD STANDARD GOEDEBURG~405~00000 EKURHULENI - BENONI 201511 29 7,600,000 BRAKPAN BOLT & NUT SUPPLIES PTY LTD FIRSTRAND BRAKPAN~3571~00000 EKURHULENI - 201605 SPRINGS/BRAKPAN 30 6,100,000 REZ SOLUTIONS PROP ADVISORS PTY LTD NEDBANK SPRINGS~1994~00000 SPRINGS CENTRAL EKURHULENI - 201605 SPRINGS/BRAKPAN 31 6,000,000 PLENTY PROP 201 PTY LTD NEDBANK NEW REDRUTH~727~00000 NEW REDRUTH EKURHULENI - ALBERTON 201605 32 5,900,000 AFRICAN BUSH ART PTY LTD FIRSTRAND MEYERSDAL NATURE MEYERSDAL NATURE ESTATE EKURHULENI - ALBERTON 201605 ESTATE~357~00000

Directors for these companies are:

Rank Buyer First Name Surname

1 REDEFINE PROP LTD NOMALIZO BERYL LANGA-ROYDS MARIUS BARKHUYSEN DAVID ALAN NATHAN MICHAEL JOHN WATTERS PHUMZILE LANGENI MICHAEL JOHN RUTTLE 56 1 REDEFINE PROP LTD MARC WAINER DAVID HUW RICE HARISHKUMAR KANTILAL MEHTA ANDREW JOSEPH KÖNIG GUNTER ZEND STEFFENS BRONWYN BAKER BERNARD NACKAN LEON CHRISTIAAN KOK PIVOTAL FUND LTD AARON SUCKERMAN CHRISTOPHER HAIG EWING THOMAS ALEXANDER WIXLEY THANDUXOLO SELBY SISHUBA DAVID STANLEY SAVAGE MATTHYS STEFANUS NESER BENJAMIN ANTHONY DAVID DIXON STEWART SHAW-TAYLOR JACQUELINE ROUXANNE VAN NIEKERK G G P INV PTY LTD MATTHYS STEFANUS NESER BENJAMIN DAVID STANLEY SAVAGE 2 MAIN STREET 1301 PTY LTD MICHAEL CHRISTIAN JENSEN PREMIUM CORPORATE CONSULTING SERVICES RICHARD FIENBERG BRIAN MICHAEL JACOBS ROBERT DARSIE HOPE ALBERTUS JACOBUS VAN DER MERWE WILHELMUS KEVIN CLIFFORD CLAYTON 3 DIMOPOINT PTY LTD RYAN ANDREW CROSSMAN MURRAY RUSSELL COLLINS SEAN HENK MEEKERS DHARMESH NARSEE KALYAN KEVIN ANDREW SEARLE 4 ZOTEC DEVELOPMENTS PTY LTD ANTON CROUSE 5 BARNES MINING PRODUCTS PTY LTD RACHAMIM BARNES DORON BARNES 7 BEERINGEN NAVORSING PTY LTD BRIAN DAVID CORBISHLEY DUANE JOHN CORBISHLEY MICHAEL EDWARD YEADON HAROLD THOMAS DRURY DUNSTAN 8 GREAT NORTH IND PARK PTY LTD DAVID GERALD WILLIAMS-JONES 9 FIREFLY INV 286 PTY LTD 11 CML SOFTWARE DEV PTY LTD QINGWEI WU 12 CARNIVAL CITY DEV PTY LTD CHRISTOPHER GEORGE RENECLE JOHANNES HENDRIK SNYMAN WILLEM ADRIAAN ODENDAAL NICHOLAS JOHN BUCK 13 REZ SOLUTIONS PROP ADVISORS PTY LTD CHARLES MEYER PREMIUM CORPORATE CONSULTING SERVICES CLIVE DICHABE 14 PARKRAND PIAZZA PTY LTD VASILOS MANELIS CONSTANTINOS CHARLES MANELIS 15 KANHYM ESTATES PTY LTD BERNARD CECIL NGCOBO MANDLENKOSI HERMANUS PHILLIPUS GROBLER POTGIETER 16 BUFFSHELF 23 TRUST BUFFSHELF 63 TRUST 17 OKSANA INV PTY LTD SUNTHRASAGARAN MOODLEY SOOBRAMONEY 18 STORAGE GENIE PTY LTD HERBERT ELLIS WOLPE 19 LOTHLORIEN PTY LTD PHILLIP EUGENE KOEKEMOER VISSER KOEKEMOER 20 INDEPENDANT CONTAINER TERMINALS PTY LTD ADRIAN SEAN FRIEND CHRISTIAAN CHRISTOFFEL STRYDOM LUDICK ABRI POTGIETER 21 VAAL VALUE WAREHOUSE PTY LTD CHARLES MEYER CLIVE DICHABE PREMIUM CORPORATE CONSULTING SERVICES 22 BUFFSHELF 51 TRUST 24 ANDERSON DEVELOPMENTS PTY LTD MARIUS RUDOLF ANDERSON 25 JMR TRAILER PARTS & ACCESSORIES PROP CC LEONARD GERHADUS MOSTERT 26 AKANI PROP PTY LTD ZAMANI ERNEST LETJANE 27 BLACK GINGER 164 PTY LTD JASON MILWIDSKY MICHAEL CORNEL FERNANDEZ

57 28 PROPERTY HUNT PTY LTD BAREND FREDERIK JACOBS JACOBUS JOHANNES JACOBUS JACOBS 29 BRAKPAN BOLT & NUT SUPPLIES PTY LTD CHARLES DANIEL BOTHA 31 PLENTY PROP 201 PTY LTD 32 AFRICAN BUSH ART PTY LTD

58 2.1.5 Ethekwini Municipality

The transactional activity (R Million) is as follows:

Node 2013 2014 2015 2016 YTD Jun 2015 - May May 2016 2016 DURBAN - NORTH 3,602 41.8% 2,885 33.9% 3,586 41.4% 3,104 51.5% 5,646 45.7% 435 59.9% DURBAN - CENTRAL 2,367 27.5% 2,309 27.2% 1,822 21.0% 1,211 20.1% 2,728 22.1% 43 6.0% DURBAN - SOUTH 910 10.5% 1,750 20.6% 1,264 14.6% 858 14.2% 1,522 12.3% 137 18.9% DURBAN - WEST 1,704 19.8% 1,560 18.3% 1,998 23.0% 836 13.9% 2,432 19.7% 97 13.4% NOT ALLOCATED 40 0.5% 0 0.0% 0 0.0% 14 0.2% 14 0.1% 14 1.9% Total 8,622 8,504 8,670 6,023 12,342 726

The bond activity (R Million) is as follows:

Node 2013 2014 2015 2016 YTD Jun 2015 - May May 2016 2016 DURBAN - NORTH 2,802 41.3% 2,439 33.6% 2,865 34.9% 2,534 52.1% 3,819 36.4% 393 59.1% DURBAN - CENTRAL 1,434 21.1% 1,229 16.9% 1,891 23.0% 829 17.1% 2,404 22.9% 134 20.1% DURBAN - SOUTH 1,232 18.1% 1,368 18.8% 1,170 14.2% 760 15.6% 1,710 16.3% 35 5.3% DURBAN - WEST 1,324 19.5% 2,233 30.7% 2,285 27.8% 737 15.2% 2,560 24.4% 104 15.6% Total 6,792 7,270 8,211 4,859 10,494 665

59 The Market Share is as follows:

60 61 The top commercial transactions greater than R5 million and limited to 50 for May 2016 are:

Rank Purchase Price Buyer Seller Erf Key Suburb Node Title Deed No

1 215,783,257 J T ROSS PROPERTIES PROPRIETARY LIMITED ROPROPS 5 PROPRIETARY LIMITED FU~17906~00000 SOMERSET PARK DURBAN - NORTH T12427/2016 ROPROPS 5 PTY LTD FU~1540~00001 SOMERSET PARK DURBAN - NORTH T12427/2016 2 178,000,000 DUBE TRADEPORT CORPORATION ILLOVO SUGAR (SOUTH AFRICA) LIMITED ET~10899~00000 WINKLESPRUIT DURBAN - SOUTH T12751/2016 ET~11093~00000 UITSPAN DURBAN - SOUTH T12751/2016 ET~11094~00000 UITSPAN DURBAN - SOUTH T12751/2016 ET~16946~00000 DURBAN - SOUTH T12751/2016 ET~17126~00105 DURBAN - SOUTH T12751/2016 ET~3253~00000 DURBAN - SOUTH T12751/2016 ET~3255~00004 DURBAN - SOUTH T12751/2016 ET~4676~01068 T12751/2016 ET~9374~00000 DURBAN - SOUTH T12751/2016 KINGSBURGH~931~00000 WINKLESPRUIT DURBAN - SOUTH T12751/2016 MORE PROPERTIES ON TITLE DEED 3 105,332,660 J T ROSS PROPERTIES PROPRIETARY LIMITED ROPROPS 5 PTY LTD UMHLANGA ROCKS~3138~00003 UMHLANGA RIDGESIDE DURBAN - NORTH T10558/2016 4 62,700,000 POWERHOUSE CLOTHING PROPRIETARY SA RETAIL PROPERTIES PROPRIETARY DURBAN NORTH~3312~00000 COROVOCA TOWNSHIP DURBAN - NORTH T13179/2016 LIMITED LIMITED 5 22,515,000 URBAN LIFE HOLDINGS PROPRIETARY LIMITED ABSA BANK LTD DURBAN~10651~00018 DURBAN CENTRAL DURBAN - CENTRAL T13861/2016 6 15,300,000 CAPITAL PROPFUND PROPRIETARY LIMITED IFOUR PROPERTIES THREE PTY LTD PINETOWN~13091~00000 MAHOGANY RIDGE DURBAN - WEST T12579/2016 7 14,500,000 URBAN LIME PROPERTIES (SOUTH AFRICA) ABEYANCE PROPERTIES 1 CC DURBAN~786~00019 WINDERMERE DURBAN - CENTRAL T13078/2016 (PTY) LTD 8 11,500,000 BASFOUR 993 CC REMSTONE PROPERTIES PROPRIETARY PINETOWN~4606~00004 WESTMEAD DURBAN - WEST ST10654/2016 LIMITED 9 9,700,000 W O A FUELS AND OILS CC AMA CASA PROPS 79 PTY LTD FU~16740~00094 LA LUCIA DURBAN - NORTH ST9847/2016 10 9,500,000 TMMT TRUST OTTO PIETER WARNER HAWAAN FOREST DURBAN - NORTH T11094/2016 ESTATE~214~00001 11 9,005,000 THE LANDSDOWNE TRUST DIANA REBECCA KROK TRUST-TRUSTEES BEREA WEST~173~00000 BEREA WEST DURBAN - WEST T13491/2016 12 9,000,000 THE LIFESTYLE TRUST KWA-NDLONDLO TRUST-TRUSTEES UMHLANGA ROCKS~1644~00000 UMHLANGA ROCKS DURBAN - NORTH T12074/2016 13 8,418,900 AUTOTRAK PROPERTY HOLDINGS CLASSIC CROWN PROPERTIES 157 CLIFTON PARK~65~00000 CLIFTON PARK DURBAN - WEST ST11228/2016 PROPRIETARY LIMITED PROPRIETARY LIMITED 14 8,215,980 THE BROOK TRUST CLASSIC CROWN PROPERTIES 157 CLIFTON PARK~65~00000 CLIFTON PARK DURBAN - WEST ST11221/2016 PROPRIETARY LIMITED 15 7,980,000 TULIP TRUST WESTMEAD PROPRIETARY LIMITED PINETOWN~7662~00000 WESTMEAD DURBAN - WEST T11092/2016 16 7,961,760 AUTOTRAK PROPERTY HOLDINGS CLASSIC CROWN PROPERTIES 157 CLIFTON PARK~65~00000 CLIFTON PARK DURBAN - WEST ST11229/2016 PROPRIETARY LIMITED PROPRIETARY LIMITED 17 7,080,000 SHILLER PROPERTIES PROPRIETARY LIMITED RED CIRCLE 74 CC PINETOWN~4612~00000 WESTMEAD DURBAN - WEST T13544/2016 18 6,683,136 4 NUTTALL GARDENS PROPRIETARY LIMITED ALBORADA PROPERTIES PROPRIETARY CORNUBIA~28~00012 CORNUBIA DURBAN - NORTH ST12617/2016 LIMITED 19 6,400,000 V N E COMMERCIAL & INDUSTRIAL SUPPLIERS DEWANIG INV CC SPRINGFIELD NATAL~391~00046 UMGENI BUSINESS DURBAN - CENTRAL T11125/2016 CC PARK 20 6,000,000 KAMARO PROPERTIES PROPRIETARY LIMITED CAST ARENA TRADE AND INVEST 121 UMHLANGA ROCKS~379~00009 UMHLANGA ROCKS DURBAN - NORTH ST13288/2016 PROPRIETARY LIMITED 21 5,800,000 QUICKSILVER INVESTMENTS PROPRIETARY STELLA STAR REAL ESTATE CC FT~957~00445 HILLCREST DURBAN - WEST T12052/2016 LIMITED 22 5,500,000 ROKWIL PROPRIETARY LIMITED THOMSON RODNEY ERNEST GLENHOLM~240~00000 KLOOF DURBAN - WEST T10455/2016 23 5,250,000 BLACK S TRANSPORT AND LOGISTICS CC VAROLI INVESTMENTS PROPRIETARY LIMITED ELANGENI~160~00000 ELANGENI DURBAN - WEST T12980/2016 ELANGENI~161~00000 ELANGENI DURBAN - WEST T12980/2016 ELANGENI~162~00000 ELANGENI DURBAN - WEST T12980/2016 ELANGENI~163~00000 ELANGENI DURBAN - WEST T12980/2016 ELANGENI~164~00000 ELANGENI DURBAN - WEST T12980/2016 ELANGENI~165~00000 ELANGENI DURBAN - WEST T12980/2016 ELANGENI~166~00000 ELANGENI DURBAN - WEST T12980/2016 ELANGENI~167~00000 ELANGENI DURBAN - WEST T12980/2016 ELANGENI~168~00000 ELANGENI DURBAN - WEST T12980/2016 ELANGENI~169~00000 ELANGENI DURBAN - WEST T12980/2016 MORE PROPERTIES ON TITLE DEED 24 5,200,000 R E FAMILY TRUST MAGWAZA JOHANNES BHEKUMUZI LA LUCIA~2438~00000 LA LUCIA DURBAN - NORTH T11466/2016 25 5,157,360 BROAD BRUSH INVESTMENTS 151 BEFORE THE WIND INV 107 PTY LTD WESTVILLE~3791~00000 WESTVILLE DURBAN - WEST ST11912/2016 PROPRIETARY LIMITED 26 5,100,000 R & B TRUST LUNN RYAN JAMES MOUNT EDGECOMBE~198~00000 MOUNT EDGECOMBE DURBAN - NORTH T12418/2016

Directors of these companies are:

Rank Buyer First Name Surname

1 J T ROSS PROPERTIES PROPRIETARY LIMITED DOUGLAS GARTH ROSS MELANIE ANN GILLESPIE 2 DUBE TRADEPORT CORPORATION MORE PROPERTIES ON TITLE DEED 4 POWERHOUSE CLOTHING PROPRIETARY LIMITED JUSTIN WILLARD MANSFIELD LANCE SHELTON MANSFIELD TERENCE MICHAEL GORNLEY NADEEN HORWOOD 5 URBAN LIFE HOLDINGS PROPRIETARY LIMITED 6 CAPITAL PROPFUND PROPRIETARY LIMITED MARK WALTER STEVENS BERNITA SCHAPER WILLEM JAKOB SERFONTEIN ABRAHAM ALBERTUS BORNMAN 62 6 CAPITAL PROPFUND PROPRIETARY LIMITED ANDREW TEIXEIRA 7 URBAN LIME PROPERTIES (SOUTH AFRICA) (PTY) LTD JONATHAN NICHOLAS FRIEDMAN MICHELLE DIANE TURVEY 8 BASFOUR 993 CC ANTHONY JOHN HEALEY JAMES CAMPBELL MILLER 9 W O A FUELS AND OILS CC PRIAKUMARI HASSAN 10 TMMT TRUST 11 THE LANDSDOWNE TRUST 12 THE LIFESTYLE TRUST 13 AUTOTRAK PROPERTY HOLDINGS PROPRIETARY LIMITED GAVIN JOHN LEASK DAVID ROY WINSPER 14 THE BROOK TRUST 15 TULIP TRUST 17 SHILLER PROPERTIES PROPRIETARY LIMITED MICHELE ELIZABETH SHILLER CLIVE SHILLER 18 4 NUTTALL GARDENS PROPRIETARY LIMITED RYAN ANDREW STARK 19 V N E COMMERCIAL & INDUSTRIAL SUPPLIERS CC VIRENDRA MANGALI ROSHNI DEVI MANGALI 20 KAMARO PROPERTIES PROPRIETARY LIMITED MICHAEL THOMAS FITZSIMONS 21 QUICKSILVER INVESTMENTS PROPRIETARY LIMITED WILLIAM FREDRICK MAC DONALD 22 ROKWIL PROPRIETARY LIMITED RODERICK ROBERT STAINTON 23 BLACK S TRANSPORT AND LOGISTICS CC ERROL SIYABONGA NGCOBO 24 R E FAMILY TRUST 25 BROAD BRUSH INVESTMENTS 151 PROPRIETARY LIMITED THOMAS JEREMY TAYLOR BARFF IAN ALEXANDER PACE JONATHAN PHILIP STROUD RICHARD TOM MORRIS 26 R & B TRUST

The top commercial mortgages greater than R5 million and limited to 50 in May 2016 are:

Rank Bond Amount Buyer Bank Erf Key Suburb Node First Transaction at

1 250,000,000 J T ROSS PROPERTIES PROPRIETARY ABSA FU~1540~00001 SOMERSET PARK DURBAN - NORTH 201605 LIMITED FU~17906~00000 SOMERSET PARK DURBAN - NORTH 201605 2 48,040,000 SOUTH AFRICAN RAIL COMMUTER CORP LTD INVESTEC DURBAN~12390~00000 OLD FORT DURBAN - CENTRAL 201605 3 44,000,000 POWERHOUSE CLOTHING PROPRIETARY NEDBANK DURBAN NORTH~3312~00000 COROVOCA TOWNSHIP DURBAN - NORTH 201605 LIMITED 4 40,000,000 D PILLAY FAMILY TRUST-TRUSTEES NEDBANK FT~1382~00017 CLIFTON PARK DURBAN - WEST 201605 FT~1382~00052 CLIFTON PARK DURBAN - WEST 201605 5 35,000,000 FINNINGLEY ESTATES PTY LTD FIRSTRAND CLANSTHAL~104~00001 CLANSTHAL DURBAN - SOUTH 201605 CLANSTHAL~115~00000 CLANSTHAL DURBAN - SOUTH 201605 CLANSTHAL~138~00000 DURBAN - SOUTH 201605 CLANSTHAL~93~00000 CLANSTHAL DURBAN - SOUTH 201605 ET~1202~00052 DURBAN - SOUTH 201605 ET~1202~00116 DURBAN - SOUTH 201605 ET~1202~00117 DURBAN - SOUTH 201605 ET~1202~00125 DURBAN - SOUTH 201605 ET~1357~00018 DURBAN - SOUTH 201605 ET~1357~00019 DURBAN - SOUTH 201605 MORE PROPERTIES ON TITLE DEED 6 33,500,000 WINNING STRIKE INVESTMENTS 13 (PTY) LTD STANDARD BRICKFIELD~692~00028 SPARKS ESTATE DURBAN - CENTRAL 201605 7 25,000,000 URBAN LIME PROPERTIES (SOUTH AFRICA) ABSA DURBAN~791~00005 WINDERMERE DURBAN - CENTRAL 201605 PROPRIETARY L DURBAN~791~00006 WINDERMERE DURBAN - CENTRAL 201605 DURBAN~792~00004 WINDERMERE DURBAN - CENTRAL 201605 DURBAN~792~00005 WINDERMERE DURBAN - CENTRAL 201605 DURBAN~792~00006 WINDERMERE DURBAN - CENTRAL 201605 DURBAN~794~00004 WINDERMERE DURBAN - CENTRAL 201605 DURBAN~794~00005 WINDERMERE DURBAN - CENTRAL 201605 DURBAN~794~00006 WINDERMERE DURBAN - CENTRAL 201605 DURBAN~794~00015 WINDERMERE DURBAN - CENTRAL 201605 8 20,000,000 URBAN LIME PROPERTIES (SOUTH AFRICA) ABSA DURBAN~786~00019 WINDERMERE DURBAN - CENTRAL 201605 (PTY) LTD 9 20,000,000 MASHIYA FAMILY TRUST-TRUSTEES NEDBANK HAWAAN FOREST ESTATE~206~00000 HAWAAN FOREST ESTATE DURBAN - NORTH 201605 10 17,000,000 JENNY PILLAY FAMILY TRUST-TRUSTEES NEDBANK UMHLANGA ROCKS~3132~00000 UMHLANGA ROCKS DURBAN - NORTH 201605 11 15,120,000 YACOOB OSMAN AKOO FAMILY TRUST- STANDARD PHOENIX INDUSTRIAL PHOENIX INDUSTRIAL DURBAN - NORTH 201605 TRUSTEES PARK~91~00001 12 15,000,000 BASFOUR 993 CC NEDBANK PINETOWN~4606~00004 WESTMEAD DURBAN - WEST 201605 13 13,000,000 EMAM BUX INVESTMENTS CC FIRSTRAND FU~15382~00042 STARWOOD DURBAN - NORTH 201605 14 10,550,000 COLIN AND PAM GOVENDER FAMILY TRUST STANDARD PHOENIX INDUSTRIAL PHOENIX INDUSTRIAL DURBAN - NORTH 201605 PARK~91~00000 15 10,500,000 SOUVARIS PROPERTIES 38 PTY LTD STANDARD RIVERHORSE VALLEY~1~00124 RIVERHORSE VALLEY DURBAN - NORTH 201605 16 9,900,000 ROKWIL (PTY) LTD STANDARD KLOOF~622~00000 KLOOF DURBAN - WEST 201605 17 8,000,000 AAH AALAMAYN PROPRIETARY LIMITED NEDBANK SPRINGFIELD NATAL~26~00000 MORNINGSIDE DURBAN - CENTRAL 201311 18 7,300,000 JTJ FAMILY TRUST STANDARD UMHLANGA ROCKS~3434~00166 IZINGA DURBAN - NORTH 201605 63 19 7,000,000 WESTMEAD PROPRIETARY LIMITED NEDBANK PINETOWN~7662~00000 WESTMEAD DURBAN - WEST 201605 20 7,000,000 TULIP TRUST-TRUSTEES NEDBANK PINETOWN~7506~00000 WESTMEAD DURBAN - WEST 201605 21 7,000,000 RICH REWARDS TRADING 632 PTY LTD OTHER BANK ISIPINGO~2311~00000 PROSPECTON INDUSTRIAL DURBAN - SOUTH 201605 22 7,000,000 THE UPTON FAMILY TRUST NEDBANK DURBAN~2290~00037 DURBAN - CENTRAL 201605 23 6,314,000 AUTOTRAK PROPERTY HOLDINGS NEDBANK CLIFTON PARK~65~00000 CLIFTON PARK DURBAN - WEST 201605 PROPRIETARY LIMITED 24 6,200,000 THE BROOK TRUST NEDBANK CLIFTON PARK~65~00000 CLIFTON PARK DURBAN - WEST 201605 25 6,200,000 AUTOTRAK PROPERTY HOLDINGS NEDBANK CLIFTON PARK~65~00000 CLIFTON PARK DURBAN - WEST 201605 PROPRIETARY LIMITED 26 6,000,000 M & P PROPERTIES PTY LTD NEDBANK NEW GERMANY~196~00004 PINESIDE DURBAN - WEST 201605 NEW GERMANY~697~00000 PINESIDE DURBAN - WEST 201605 MURRAY & ROBERTS LTD NEDBANK NEW GERMANY~196~00004 PINESIDE DURBAN - WEST 201605 NEW GERMANY~697~00000 PINESIDE DURBAN - WEST 201605 27 5,750,000 LYMEGROVE TRUST-TRUSTEES INVESTEC LYMEGROVE~12~00001 NEWSEL BEACH DURBAN - NORTH 201605 28 5,400,000 URBAN LIFE HOLDINGS PROPRIETARY OTHER BANK DURBAN~10651~00018 DURBAN CENTRAL DURBAN - CENTRAL 201605 LIMITED

Directors of these companies are:

Rank Buyer First Name Surname

1 J T ROSS PROPERTIES PROPRIETARY LIMITED DOUGLAS GARTH ROSS MELANIE ANN GILLESPIE 2 SOUTH AFRICAN RAIL COMMUTER CORP LTD 3 POWERHOUSE CLOTHING PROPRIETARY LIMITED JUSTIN WILLARD MANSFIELD LANCE SHELTON MANSFIELD TERENCE MICHAEL GORNLEY NADEEN HORWOOD 4 D PILLAY FAMILY TRUST-TRUSTEES 5 FINNINGLEY ESTATES PTY LTD ALAN CLIVE CROOKES DAVID COLIN JOHN CROOKS MORE PROPERTIES ON TITLE DEED 6 WINNING STRIKE INVESTMENTS 13 (PTY) LTD YAHYAH ISMAIL GORA 7 URBAN LIME PROPERTIES (SOUTH AFRICA) PROPRIETARY L 8 URBAN LIME PROPERTIES (SOUTH AFRICA) (PTY) LTD JONATHAN NICHOLAS FRIEDMAN MICHELLE DIANE TURVEY 9 MASHIYA FAMILY TRUST-TRUSTEES 10 JENNY PILLAY FAMILY TRUST-TRUSTEES 11 YACOOB OSMAN AKOO FAMILY TRUST-TRUSTEES 12 BASFOUR 993 CC ANTHONY JOHN HEALEY JAMES CAMPBELL MILLER 13 EMAM BUX INVESTMENTS CC MOHAMMED IKRAAM OSMAN 14 COLIN AND PAM GOVENDER FAMILY TRUST 15 SOUVARIS PROPERTIES 38 PTY LTD RAJENDRAPERSADH MAHARAJ 16 ROKWIL (PTY) LTD RODERICK ROBERT STAINTON 17 AAH AALAMAYN PROPRIETARY LIMITED ZAKARIYA EIDRIS VAWDA 18 JTJ FAMILY TRUST 19 WESTMEAD PROPRIETARY LIMITED 20 TULIP TRUST-TRUSTEES 21 RICH REWARDS TRADING 632 PTY LTD NEIL MCHARDY PREMIUM CORPORATE CONSULTING SERVICES VEDHINI ODAYAR YUSUF ISMAIL DARRYL ANTHONY POISSON ANDREW KOCH DAVID HOFMEYR MAC GREGOR JASON LANCE DORNING 22 THE UPTON FAMILY TRUST 23 AUTOTRAK PROPERTY HOLDINGS PROPRIETARY LIMITED GAVIN JOHN LEASK DAVID ROY WINSPER 24 THE BROOK TRUST 26 MURRAY & ROBERTS LTD ORRIE FENN ANDRIES JACOBUS BESTER PETER KENWAY BENNETT ROGER ANDREW GILLIES SKUDDER LAMBERTUS KOK IAN WILFRID HENSTOCK STEPHEN THOMAS HARRISON JEROME NEIL GOVENDER WISEMAN THOKOZANI MDLULI HENRY JOHANNES LAAS M & P PROPERTIES PTY LTD PATRICK JOSEPH O'DOHERTY 27 LYMEGROVE TRUST-TRUSTEES 28 URBAN LIFE HOLDINGS PROPRIETARY LIMITED

64 65 3 OWNER SEGMENT ANALYSIS

3.1 Listed Companies - Rand Millions

Listed Company 2013 2014 2015 2016 YTD Jun 2015 - May May 2016 2016 REDEFINE PROPERTIES 1,533 7.6% 2,867 11.1% 6,446 31.0% 5,392 29.4% 10,976 31.2% 119 4.5% INVESTEC PROPERTY FUND 1,880 9.4% 1,667 6.4% 1,722 8.3% 4,651 25.4% 6,139 17.5% 0 0.0% CAPITAL PROPERTY FUND 0 0.0% 7,306 28.3% 4,380 21.0% 3,464 18.9% 7,266 20.7% 771 29.1% DELTA PROPERTY FUND 3,075 15.3% 1,856 7.2% 492 2.4% 1,231 6.7% 1,315 3.7% 54 2.0% ACCELERATE 0 0.0% 5,163 20.0% 352 1.7% 855 4.7% 1,054 3.0% 0 0.0% SA CORPORATE REAL 0 0.0% 0 0.0% 2,489 12.0% 809 4.4% 3,234 9.2% 476 18.0% ESTATE FUND INGENUITY PROPERTY 939 4.7% 239 0.9% 293 1.4% 650 3.5% 816 2.3% 650 24.5% INVESTMENT REBOSIS PROPERTY FUND 1,611 8.0% 0 0.0% 0 0.0% 495 2.7% 495 1.4% 495 18.7% VUNANI PROPERTY FUND 0 0.0% 690 2.7% 305 1.5% 295 1.6% 600 1.7% 0 0.0% ARROWHEAD PROPERTIES 647 3.2% 751 2.9% 0 0.0% 230 1.3% 323 0.9% 0 0.0% ARROWHEAD RESIDENTIAL 0 0.0% 238 0.9% 408 2.0% 121 0.7% 187 0.5% 65 2.5% GROWTHPOINT PROPERTY 727 3.6% 1,501 5.8% 617 3.0% 50 0.3% 576 1.6% 0 0.0% RESILIENT PROPERTY 0 0.0% 0 0.0% 0 0.0% 48 0.3% 0 0.0% 20 0.7% INCOME FUND OCTODEC INVESTMENTS 0 0.0% 0 0.0% 0 0.0% 32 0.2% 0 0.0% 0 0.0% SAFARI INVESTMENTS (RSA) 0 0.0% 0 0.0% 0 0.0% 10 0.1% 0 0.0% 0 0.0% ASCENSION PROP 1,385 6.9% 0 0.0% 0 0.0% 0 0.0% 0 0.0% 0 0.0% VUKILE PROPERTY FUND 1,204 6.0% 0 0.0% 946 4.5% 0 0.0% 946 2.7% 0 0.0% DIPULA INCOME FUND 1,096 5.5% 247 1.0% 594 2.9% 0 0.0% 0 0.0% 0 0.0% ANNUITY PROPERTIES 1,048 5.2% 0 0.0% 0 0.0% 0 0.0% 0 0.0% 0 0.0% TOWER 767 3.8% 737 2.9% 384 1.8% 0 0.0% 384 1.1% 0 0.0% FORTRESS INCOME FUND 757 3.8% 940 3.6% 494 2.4% 0 0.0% 0 0.0% 0 0.0% VIVIDEND INCOME FUND 638 3.2% 0 0.0% 0 0.0% 0 0.0% 0 0.0% 0 0.0% HOSPITALITY FUND 443 2.2% 0 0.0% 0 0.0% 0 0.0% 0 0.0% 0 0.0% TEXTON PROPERTY FUND 0 0.0% 352 1.4% 0 0.0% 0 0.0% 0 0.0% 0 0.0% FAIRVEST PROPERTY 0 0.0% 232 0.9% 402 1.9% 0 0.0% 324 0.9% 0 0.0% HOLDINGS OTHER 2,340 11.6% 1,063 4.1% 493 2.4% 0 0.0% 491 1.4% 0 0.0% Total 20,090 25,849 20,818 18,335 35,126 2,649

66 The top commercial transactions greater than R5 million and limited to 50 for May 2016 are:

Rank Purchase Price Buyer Seller Erf Key Suburb Node

1 650,000,000 INGENUITY PROP INV LTD LEAF PROP FUND TRUST CAPE TOWN~134205~00000 RONDEBOSCH CAPE TOWN - SOUTHERN SUBURBS 2 495,000,000 REBOSIS PROP FUND LTD TUPELO PROP PTY LTD NEWTOWN~585~00000 NEWTOWN JOHANNESBURG - CBD/BRAAMFONTEIN NEWTOWN~604~00000 NEWTOWN JOHANNESBURG - CBD/BRAAMFONTEIN 3 356,172,157 REDEFINE PROP LTD S & J LAND INV PTY LTD IR~108~00531 IR~90~00002 EKURHULENI - BEDFORDVIEW 4 240,524,263 CAPITAL PROPFUND PTY LTD FIRSTRAND BANK LTD CITY DEEP~29~00000 CITY DEEP EKURHULENI - BEDFORDVIEW 5 240,524,263 CAPITAL PROPFUND PTY LTD FIRSTRAND BANK LTD CITY DEEP~243~00000 CITY DEEP EKURHULENI - BEDFORDVIEW CITY DEEP~29~00001 EKURHULENI - BEDFORDVIEW 6 158,848,885 CAPITAL PROPFUND 1 PTY LTD BANDS PROP PTY LTD MENLO PARK~757~00021 MENLO PARK PRETORIA - BROOKLYN 7 119,658,572 CAPITAL PROPFUND PTY LTD IFOUR PROP THREE PTY LTD ISANDO~604~00000 ISANDO EKURHULENI - BOKSBURG 8 96,357,311 CAPITAL PROFUND PTY LTD PANHOLD PTY LTD ISANDO~500~00000 ISANDO EKURHULENI - BOKSBURG 9 69,800,000 SA RETAIL PROP PTY LTD A B S A BANK LTD HUGHES~227~00000 EKURHULENI - BOKSBURG HUGHES~52~00001 EKURHULENI - BOKSBURG 10 69,800,000 S A RETAIL PROP PTY LTD S A CORPORATE REAL ESTATE IR~85~00112 HUGHES EKURHULENI - BOKSBURG TRUST SCHEME

Directors for these companies were:

Rank Buyer First Name Surname

1 INGENUITY PROP INV LTD DENNIS BARRY FABIAN ANDREW JOHN BRANCH RODNEY SQUIRE HOWE JOHN BIELICH MARK WAGENHEIM LEON HOWARD COHEN JOAN SOLMS ARNOLD AARON MARESKY RAYMOND SELWYN SCHUR 2 REBOSIS PROP FUND LTD KENNETH LEWIS REYNOLDS ANNA THERESA MASAMO MOKGOKONG SISA MICHAEL NGEBULANA NOMFUNDO VUYISWA LILA QUANGULE WILLEM JACOBUS ODENDAAL ANDILE MONCOBO MAZWAI MANDE NDEMA KAMEEL KESHAV THABO STANLEY SEOPA 3 REDEFINE PROP LTD NOMALIZO BERYL LANGA-ROYDS MARIUS BARKHUYSEN DAVID ALAN NATHAN MICHAEL JOHN WATTERS PHUMZILE LANGENI MICHAEL JOHN RUTTLE MARC WAINER DAVID HUW RICE HARISHKUMAR KANTILAL MEHTA ANDREW JOSEPH KÖNIG GUNTER ZEND STEFFENS BRONWYN BAKER BERNARD NACKAN LEON CHRISTIAAN KOK 4 CAPITAL PROPFUND PTY LTD MARK WALTER STEVENS BERNITA SCHAPER WILLEM JAKOB SERFONTEIN ABRAHAM ALBERTUS BORNMAN ANDREW TEIXEIRA 5 CAPITAL PROPFUND 1 PTY LTD ANDREW TEIXEIRA BERNITA SCHAPER ABRAHAM ALBERTUS BORNMAN WILLEM JAKOB SERFONTEIN MARK WALTER STEVENS 7 CAPITAL PROFUND PTY LTD MARK WALTER STEVENS ANDREW TEIXEIRA ABRAHAM ALBERTUS BORNMAN WILLEM JAKOB SERFONTEIN BERNITA SCHAPER 8 S A RETAIL PROP PTY LTD BENJAMIN SWANEPOEL ANTOINETTE MARGARET BASSON TERENCE RORY MACKEY SA RETAIL PROP PTY LTD BENJAMIN SWANEPOEL

67 8 SA RETAIL PROP PTY LTD ANTOINETTE MARGARET BASSON TERENCE RORY MACKEY

68 3.2 Emerging Portfolio Companies - Rand Millions

Company Name 2013 2014 2015 2016 YTD Jun 2015 - May May 2016 2016 ORTHOTOUCH 578 22.6% 1,345 25.8% 0 0.0% 794 64.2% 794 52.0% 0 0.0% AMRICHPROP 2 0 0.0% 28 0.5% 0 0.0% 97 7.9% 97 6.4% 13 23.2% PROPERTIES J POST INVESTMENTS 135 5.3% 23 0.4% 0 0.0% 81 6.5% 81 5.3% 0 0.0% FPG HOLDINGS 0 0.0% 94 1.8% 269 17.4% 75 6.1% 75 4.9% 0 0.0% BELLA ROSA INVESTMENT 0 0.0% 0 0.0% 233 15.0% 54 4.4% 54 3.5% 0 0.0% HOLDINGS NVEST PROPERTIES 39 1.5% 100 1.9% 0 0.0% 49 3.9% 49 3.2% 0 0.0% AMPHORIA 20 0.8% 0 0.0% 34 2.2% 43 3.5% 78 5.1% 43 76.8% MILE INVESTMENTS 225 78 3.0% 34 0.7% 0 0.0% 24 1.9% 24 1.6% 0 0.0% IMBALI PROPS 21 0 0.0% 477 9.2% 0 0.0% 13 1.0% 13 0.8% 0 0.0% XTRASPACE PROPERTIES 73 2.8% 22 0.4% 66 4.2% 8 0.6% 73 4.8% 0 0.0% ROELAND STREET 618 24.2% 130 2.5% 0 0.0% 0 0.0% 0 0.0% 0 0.0% INVESTMENTS SILVER LEAF PROPERTY 407 15.9% 0 0.0% 285 18.4% 0 0.0% 140 9.2% 0 0.0% FUND REDEFINE COMMERCIAL 337 13.2% 1,806 34.7% 348 22.5% 0 0.0% 0 0.0% 0 0.0% ROBS INVESTMENT 49 1.9% 10 0.2% 0 0.0% 0 0.0% 0 0.0% 0 0.0% HOLDINGS STONEBRIDGE PROPERTIES 44 1.7% 0 0.0% 0 0.0% 0 0.0% 0 0.0% 0 0.0% LAW'S STORES 31 1.2% 0 0.0% 0 0.0% 0 0.0% 0 0.0% 0 0.0% EFSTRATIOU PROPERTIES 30 1.2% 0 0.0% 0 0.0% 0 0.0% 0 0.0% 0 0.0% REIT INVESTMENTS 26 1.0% 416 8.0% 0 0.0% 0 0.0% 0 0.0% 0 0.0% JAY REDDY PROPERTY 21 0.8% 0 0.0% 0 0.0% 0 0.0% 0 0.0% 0 0.0% INVESTMENTS ZENDAI DEVELOPMENT 0 0.0% 588 11.3% 174 11.3% 0 0.0% 41 2.7% 0 0.0% (SOUTH AFRICA) MENLYN MAINE 0 0.0% 107 2.1% 131 8.5% 0 0.0% 0 0.0% 0 0.0% INVESTMENT HOLDINGS AMCO PROPERTIES 0 0.0% 17 0.3% 8 0.5% 0 0.0% 8 0.5% 0 0.0% OTHER 72 2.8% 8 0.2% 0 0.0% 0 0.0% 0 0.0% 0 0.0% Total 2,555 5,205 1,548 1,237 1,525 57

The top commercial transactions greater than R5 million and limited to 50 for May 2016 are:

Rank Purchase Price Buyer Seller Erf Key Suburb Node

1 43,471,309 AMPHORIA SILVER STONE TRADING 24 PTY DURBANVILLE~19437~00000 CAPE TOWN - NORTHERN SUBURBS LTD 2 13,110,000 AMRICHPROP 2 PROPERTIES SWART HENDRIK JACOBUS KR~358~00013

KR~396~00016

Directors for these companies were:

Rank Buyer First Name Surname

1 AMPHORIA PTY LTD ANTON CORNELIUS MULDER ROBERT MARK HOWARTH PETER NICHOLAS BACON 2 AMRICHPROP 2 PTY LTD CAREL BRAAM VILJOEN

69 3.3 Residential Development Companies - Rand Millions

Company Name 2013 2014 2015 2016 YTD Jun 2015 - May May 2016 2016 BALWIN PROPERTIES 30 1.8% 188 11.1% 223 16.5% 138 40.7% 316 33.2% 0 0.0% WINDMILL PARK ESTATES 0 0.0% 30 1.8% 39 2.9% 70 20.7% 70 7.4% 0 0.0% INTERNATIONAL HOUSING SOLUTIONS 0 0.0% 548 32.4% 292 21.6% 66 19.3% 131 13.8% 0 0.0% RESIDENTIAL PARTNERS 1 (RF) JOZI HOUSING 0 0.0% 33 1.9% 0 0.0% 23 6.6% 23 2.4% 0 0.0% CENTRAL PROPERTY DEVELOPMENT 0 0.0% 31 1.8% 0 0.0% 16 4.8% 16 1.7% 16 88.8% JOHANNESBURG UVEST HOUSING PORTFOLIO (RF) 0 0.0% 0 0.0% 69 5.1% 14 4.1% 83 8.7% 0 0.0% JT GROUP DEVELOPMENTS 0 0.0% 0 0.0% 0 0.0% 10 3.0% 10 1.1% 0 0.0% TOWER SKY PROPERTIES 0 0.0% 0 0.0% 20 1.5% 2 0.6% 3 0.4% 2 11.2% FIRST METRO HOUSING COMPANY 317 18.8% 0 0.0% 0 0.0% 0 0.0% 0 0.0% 0 0.0% PULSE URBAN PROPERTIES (RF) 161 9.6% 79 4.7% 142 10.5% 0 0.0% 142 14.9% 0 0.0% S A W H F S A RENTAL 3 TRUST 150 8.9% 66 3.9% 0 0.0% 0 0.0% 0 0.0% 0 0.0% ZOTEC DEVELOPMENTS 132 7.8% 297 17.6% 33 2.4% 0 0.0% 33 3.4% 0 0.0% CENTURY PROPERTY 108 6.4% 0 0.0% 0 0.0% 0 0.0% 0 0.0% 0 0.0% DEVELOPMENTS JIKA PROPERTIES 96 5.7% 37 2.2% 0 0.0% 0 0.0% 0 0.0% 0 0.0% EVERGREEN PROPERTY 92 5.5% 0 0.0% 0 0.0% 0 0.0% 0 0.0% 0 0.0% INVESTMENTS CULVERWELL CONSERVATION 87 5.2% 0 0.0% 0 0.0% 0 0.0% 0 0.0% 0 0.0% COMPANY SUMMERCON HOLDCO 63 3.7% 43 2.5% 35 2.6% 0 0.0% 35 3.7% 0 0.0% COSMOPOLITAN PROJECTS 59 3.5% 143 8.5% 215 15.9% 0 0.0% 43 4.5% 0 0.0% JOHANNESBURG STREET SPIRIT TRADING 175 53 3.2% 0 0.0% 0 0.0% 0 0.0% 0 0.0% 0 0.0% SERVCON HOUSING SOLUTIONS 51 3.0% 0 0.0% 0 0.0% 0 0.0% 0 0.0% 0 0.0% JORDI PROPERTIES 30 1.8% 0 0.0% 0 0.0% 0 0.0% 0 0.0% 0 0.0% VESTISAT 28 1.7% 0 0.0% 0 0.0% 0 0.0% 0 0.0% 0 0.0% COSMOPOLITAN PROJECTS TSHWANE 0 0.0% 67 4.0% 74 5.5% 0 0.0% 0 0.0% 0 0.0% DOTCOM TRADING 849 0 0.0% 22 1.3% 0 0.0% 0 0.0% 0 0.0% 0 0.0% KARINO HOUSING PORTFOLIO (RF) 0 0.0% 17 1.0% 58 4.3% 0 0.0% 25 2.6% 0 0.0% SAWHF S A RENTAL 4 TRUST 0 0.0% 15 0.9% 0 0.0% 0 0.0% 0 0.0% 0 0.0% M AND T RESIDENTIAL FUND 0 0.0% 0 0.0% 63 4.7% 0 0.0% 17 1.7% 0 0.0% MDV DEVELOPMENTS WITBANK 0 0.0% 0 0.0% 36 2.7% 0 0.0% 0 0.0% 0 0.0% TAILSPIN TRADING 75 0 0.0% 0 0.0% 24 1.8% 0 0.0% 0 0.0% 0 0.0% BENGAVISTA 0 0.0% 0 0.0% 12 0.9% 0 0.0% 0 0.0% 0 0.0% AFHCO 0 0.0% 0 0.0% 0 0.0% 0 0.0% 5 0.6% 0 0.0% OTHER 226 13.5% 74 4.4% 16 1.2% 0 0.0% 1 0.1% 0 0.0% Total 1,682 1,689 1,351 339 952 19

The top commercial transactions greater than R5 million and limited to 50 for May 2016 are:

Rank Purchase Price Buyer Seller Erf Key Suburb Node

1 23,940,000 TOWER SKY PROPERTIES MIAMI VILLAGE PTY LTD ST HELENA BAY~7202~00000 ST HELENA BAY

ST HELENA BAY~7207~00000 ST HELENA BAY

ST HELENA BAY~7208~00000 ST HELENA BAY

ST HELENA BAY~7209~00000 ST HELENA BAY

ST HELENA BAY~7220~00000 ST HELENA BAY

ST HELENA BAY~7226~00000 ST HELENA BAY

ST HELENA BAY~7228~00000 ST HELENA BAY

ST HELENA BAY~7229~00000 ST HELENA BAY

ST HELENA BAY~7239~00000 ST HELENA BAY

ST HELENA BAY~7242~00000 ST HELENA BAY

MORE PROPERTIES ON TITLE DEED

2 18,240,000 CENTRAL PROPERTY DEVELOPMENT COSMOPOLITAN PROJECTS JOHANNESBURG CLAYVILLE~2181~00000 CLAYVILLE EKURHULENI - KEMPTON PARK JOHANNESBURG PTY LTD CLAYVILLE~2182~00000 CLAYVILLE EKURHULENI - KEMPTON PARK

CLAYVILLE~2183~00000 CLAYVILLE EKURHULENI - KEMPTON PARK

CLAYVILLE~2184~00000 CLAYVILLE EKURHULENI - KEMPTON PARK

70 2 18,240,000 CENTRAL PROPERTY DEVELOPMENT COSMOPOLITAN PROJECTS JOHANNESBURG CLAYVILLE~2185~00000 CLAYVILLE EKURHULENI - KEMPTON PARK JOHANNESBURG PTY LTD CLAYVILLE~2186~00000 CLAYVILLE EKURHULENI - KEMPTON PARK

CLAYVILLE~2187~00000 CLAYVILLE EKURHULENI - KEMPTON PARK

CLAYVILLE~2188~00000 CLAYVILLE EKURHULENI - KEMPTON PARK

CLAYVILLE~2190~00000 CLAYVILLE EKURHULENI - KEMPTON PARK

Directors for these companies were:

Rank Buyer First Name Surname

1 TOWER SKY PROP PTY LTD JAN FRANCOIS PRETORIUS DOMINIQUE NEL 2 CENTRAL PROP DEVELOPMENT ANTON CROUSE JOHANNESBURG PTY LTD JOHANN MARTHINUS VORSTER PIERRE LEON LUDICK

71 3.4 Investment Institutions - Rand Millions

Company Name 2013 2014 2015 2016 YTD Jun 2015 - May May 2016 2016 METROPOLITAN LIFE 13 9.3% 0 0.0% 0 0.0% 44 100.0% 44 9.0% 15 100.0% MOMENTUM PROPERTY 62 46.1% 0 0.0% 68 10.2% 0 0.0% 0 0.0% 0 0.0% INVESTMENTS LIFE INSURANCE 31 22.8% 10 0.6% 211 31.5% 0 0.0% 66 13.3% 0 0.0% LIBERTY GROUP 29 21.7% 146 9.8% 32 4.7% 0 0.0% 22 4.5% 0 0.0% PARETO 0 0.0% 1,279 86.2% 250 37.3% 0 0.0% 250 50.9% 0 0.0% OLD MUTUAL LIFE ASSURANCE 0 0.0% 49 3.3% 109 16.3% 0 0.0% 109 22.2% 0 0.0% COMPANY (SOUTH AFRICA) Total 134 1,483 670 44 491 15

The top commercial transactions greater than R5 million and limited to 50 for May 2016 are:

Rank Purchase Price Buyer Seller Erf Key Suburb Node

1 176,436,477 METROPOLITAN LIFE TERAMA PTY LTD SANDOWN~11~00001 SANDOWN JOHANNESBURG - SANDTON

Directors for these companies were:

Rank Buyer First Name Surname

1 METROPOLITAN LIFE LTD LEON BASSON GERHARD JOHANNES KRUGER NICOLAAS ABRAHAM KRUGER STEFANUS

72 3.4.2 Banks - Rand Millions

Buyer Name 2013 2014 2015 2016 YTD Jun 2015 - May May 2016 2016 FIRSTRAND BANK LTD 898 39.0% 1,080 57.6% 453 97.5% 156 74.5% 323 85.5% 156 100.0% STANDARD BANK OF SOUTH 1 0.0% 154 8.2% 0 0.0% 53 25.5% 53 14.1% 0 0.0% AFRICA LTD A B S A BANK LTD 736 32.0% 114 6.1% 2 0.4% 0 0.0% 2 0.4% 0 0.0% FIRSTRAND BANK LIMITED 319 13.9% 0 0.0% 1 0.2% 0 0.0% 0 0.0% 0 0.0% NEDBANK LTD 109 4.7% 50 2.7% 0 0.0% 0 0.0% 0 0.0% 0 0.0% STANDARD BANK PROP PTY LTD 97 4.2% 18 0.9% 0 0.0% 0 0.0% 0 0.0% 0 0.0% NEDBANK LIMITED 95 4.1% 8 0.4% 0 0.0% 0 0.0% 0 0.0% 0 0.0% FINBOND MUTUAL BANK 24 1.0% 0 0.0% 5 1.1% 0 0.0% 0 0.0% 0 0.0% STANDARD BANK OF SOUTH 16 0.7% 206 11.0% 0 0.0% 0 0.0% 0 0.0% 0 0.0% AFRICA LIMITED ABSA BANK LTD 6 0.3% 0 0.0% 0 0.0% 0 0.0% 0 0.0% 0 0.0% STANDARD BANK PROPERTIES 0 0.0% 216 11.5% 0 0.0% 0 0.0% 0 0.0% 0 0.0% PROPRIETARY LIMITED INVESTEC BANK LTD 0 0.0% 31 1.6% 0 0.0% 0 0.0% 0 0.0% 0 0.0% STANDARD BANK PROP 0 0.0% 0 0.0% 2 0.4% 0 0.0% 0 0.0% 0 0.0% LIBRARY GARDENS LTD STANDARD BANK PROPS PTY 0 0.0% 0 0.0% 2 0.4% 0 0.0% 0 0.0% 0 0.0% LTD Total 2,301 1,876 465 209 378 156

The top commercial transactions greater than R5 million and limited to 50 for May 2016 are:

Rank Purchase Price Buyer Seller Erf Key Suburb Node

1 155,621,193 FIRSTRAND BANK LTD PANGBOURNE PROP LTD CITY DEEP~29~00000 CITY DEEP EKURHULENI - BEDFORDVIEW

2 155,621,193 FIRSTRAND BANK LTD PANGBOURNE PROP LTD CITY DEEP~243~00000 CITY DEEP EKURHULENI - BEDFORDVIEW

Directors for these companies were:

Rank Buyer First Name Surname

1 FIRSTRAND BANK LTD HETASH KELLAN SURENDRAKUMAR JAN HENDRIK VAN GREUNING ALAN PATRICK PULLINGER FRANCOIS KNOETZE MARY SINA BOMELA AMANDA TANDIWE NZIMANDE HENDRIK AREND HEYL CARNITA LOW NOLULAMO GWAGWA NOBAMBISWANO PAUL KENNETH HARRIS RUSSELL MARK LOUBSER VIVIAN WADE BARTLETT LAURITZ LANSER DIPPENAAR JAN JONATHAN DURAND GRANT GLENN GELINK BENEDICT JAMES VAN DER ROSS PABALLO JOEL MAKOSHOLO JOHAN PETRUS BURGER WILLIAM ROGER JARDINE PATRICK MAGUIRE GOSS PETER COOPER ETHEL GOTHATAMODIMO MATENGE-SEBESHO

73 3.5 Mines - Rand Millions

Buyer Name 2013 2014 2015 2016 YTD Jun 2015 - May May 2016 2016 BARNES MINING PRODUCTS PTY 0 0.0% 0 0.0% 0 0.0% 195 60.5% 195 19.2% 146 89.5% LTD EVANDER GOLD MINING PTY LTD 0 0.0% 0 0.0% 33 3.7% 44 13.7% 77 7.6% 0 0.0% INSTITUTE OF MINE SIESMOLOGY 0 0.0% 0 0.0% 0 0.0% 17 5.2% 17 1.6% 0 0.0% PTY LTD LANXESS CHROME MINING PTY LTD 0 0.0% 0 0.0% 0 0.0% 16 4.9% 16 1.6% 0 0.0% AFRICAN EXPLORATION MINING & 0 0.0% 0 0.0% 0 0.0% 13 4.1% 13 1.3% 11 6.5% FINANCE CORP PTY LTD GLENCORE OPERATIONS SOUTH 0 0.0% 85 7.5% 6 0.7% 12 3.7% 18 1.8% 0 0.0% AFRICA PTY LTD GROUP T-MINING PTY LTD 0 0.0% 0 0.0% 0 0.0% 8 2.6% 8 0.8% 0 0.0% EXXARO COAL PTY LTD 66 8.6% 27 2.4% 64 7.1% 8 2.5% 8 0.8% 0 0.0% RUSTENBURG PLATINUM MINES LTD 38 4.9% 0 0.0% 542 60.9% 7 2.0% 549 54.2% 7 4.0% DANGOTE DWAALBOOM MINING PTY 0 0.0% 0 0.0% 0 0.0% 2 0.8% 0 0.0% 0 0.0% LTD XSTRATA SOUTH AFRICA PTY LTD 138 18.0% 815 72.2% 0 0.0% 0 0.0% 0 0.0% 0 0.0% TSHEDZA MINING RESOURCES PTY 67 8.8% 0 0.0% 0 0.0% 0 0.0% 0 0.0% 0 0.0% LTD DUIKER MINING PTY LTD 58 7.6% 24 2.2% 0 0.0% 0 0.0% 0 0.0% 0 0.0% SISHEN IRON ORE COMPANY PTY 45 5.9% 0 0.0% 50 5.6% 0 0.0% 50 4.9% 0 0.0% LTD UNIVERSAL COAL DEV 1 PTY LTD 42 5.5% 0 0.0% 0 0.0% 0 0.0% 0 0.0% 0 0.0% MSOBO COAL PTY LTD 38 5.0% 0 0.0% 0 0.0% 0 0.0% 0 0.0% 0 0.0% SISHEN IRON ORE CO PTY LTD 38 4.9% 0 0.0% 0 0.0% 0 0.0% 0 0.0% 0 0.0% RUSTENBURG CHROME MINE 26 3.4% 0 0.0% 0 0.0% 0 0.0% 0 0.0% 0 0.0% HOLDINGS PTY LTD ZOETVELD MINING & PROSPECTING 22 2.9% 0 0.0% 0 0.0% 0 0.0% 0 0.0% 0 0.0% PTY LTD EYETHU COAL PTY LTD 21 2.7% 0 0.0% 0 0.0% 0 0.0% 0 0.0% 0 0.0% VAALBULT MINING CO PTY LTD 20 2.6% 0 0.0% 0 0.0% 0 0.0% 0 0.0% 0 0.0% MALTON MINING & ENGINEERING 20 2.6% 0 0.0% 0 0.0% 0 0.0% 0 0.0% 0 0.0% SERVICES PTY LTD PASCAL MINING SUPPLIES CC 19 2.4% 0 0.0% 0 0.0% 0 0.0% 0 0.0% 0 0.0% MUHANGA MINES PTY LTD 0 0.0% 46 4.1% 0 0.0% 0 0.0% 0 0.0% 0 0.0% INNOVATIVE MINING PRODUCTS PTY 0 0.0% 25 2.2% 0 0.0% 0 0.0% 0 0.0% 0 0.0% LTD ERGO MINING PTY LTD 0 0.0% 21 1.8% 0 0.0% 0 0.0% 0 0.0% 0 0.0% MAXGEM MINING CC 0 0.0% 16 1.4% 0 0.0% 0 0.0% 0 0.0% 0 0.0% COAL PTY LTD 0 0.0% 15 1.3% 0 0.0% 0 0.0% 0 0.0% 0 0.0% TSHIPI E NTLE MANGANESE MINING 0 0.0% 12 1.1% 0 0.0% 0 0.0% 0 0.0% 0 0.0% PTY LTD UMCEBO MINING PTY LTD 0 0.0% 11 1.0% 0 0.0% 0 0.0% 0 0.0% 0 0.0% BEDROCK MINING SUPPORT PTY 0 0.0% 11 1.0% 0 0.0% 0 0.0% 0 0.0% 0 0.0% LTD OPTIMUM COAL MINE PTY LTD 0 0.0% 6 0.5% 0 0.0% 0 0.0% 0 0.0% 0 0.0% KLIPDAM DIAMOND MINING CO LTD 0 0.0% 6 0.5% 0 0.0% 0 0.0% 0 0.0% 0 0.0% SABIE MINES PTY LTD 0 0.0% 6 0.5% 0 0.0% 0 0.0% 0 0.0% 0 0.0% TRONOX KZN SANDS PROPRIETARY 0 0.0% 0 0.0% 80 9.0% 0 0.0% 31 3.0% 0 0.0% LIMITED UNIVERSAL COAL DEV IV PTY LTD 0 0.0% 0 0.0% 48 5.4% 0 0.0% 0 0.0% 0 0.0% SENTULA MINING SERVICES PTY 0 0.0% 0 0.0% 24 2.7% 0 0.0% 0 0.0% 0 0.0% LTD MBALI COAL PTY LTD 0 0.0% 0 0.0% 12 1.3% 0 0.0% 12 1.2% 0 0.0% HLAGISA MINING PTY LTD 0 0.0% 0 0.0% 9 1.0% 0 0.0% 0 0.0% 0 0.0% BARPLATS MINES LTD 0 0.0% 0 0.0% 6 0.7% 0 0.0% 0 0.0% 0 0.0% BAKUBUNG MINERALS PTY LTD 0 0.0% 0 0.0% 6 0.6% 0 0.0% 6 0.6% 0 0.0% TAU LEKOA GOLD MINING CO PTY 0 0.0% 0 0.0% 6 0.6% 0 0.0% 6 0.5% 0 0.0% LTD A J MINING & INDUSTRIAL SUPPLIES 0 0.0% 0 0.0% 5 0.6% 0 0.0% 5 0.5% 0 0.0% CC OTHER 109 14.2% 2 0.2% 0 0.0% 0 0.0% 2 0.2% 0 0.0% Total 766 1,129 891 321 1,012 163

The top commercial transactions greater than R5 million and limited to 50 for May 2016 are:

Rank Purchase Price Buyer Seller Erf Key Suburb Node

1 194,562,429 BARNES MINING PRODUCTS PTY LTD HALL LONGMORE HOLDINGS PTY LTD WADEVILLE~530~00000 WADEVILLE EKURHULENI - GERMISTON 74 1 194,562,429 BARNES MINING PRODUCTS PTY LTD HALL LONGMORE HOLDINGS PTY LTD WADEVILLE~531~00000 WADEVILLE EKURHULENI - GERMISTON WADEVILLE~655~00000 WADEVILLE EKURHULENI - GERMISTON 2 13,300,000 AFRICAN EXPLORATION MINING & FINANCE BANIETTOR MINING PTY LTD IS~92~00001 CORP PTY LTD IS~92~00005 IS~92~00006 IS~94~00003 3 6,500,000 RUSTENBURG PLATINUM MINES LTD MAPHEPHA NGOATO JOSIAS LS~915~00145

Directors for these companies were:

Rank Buyer First Name Surname

1 BARNES MINING PRODUCTS PTY LTD RACHAMIM BARNES DORON BARNES 2 AFRICAN EXPLORATION MINING & MORAKE ABIEL MNGOMEZULU FINANCE CORP PTY LTD SIZWE WELCOME MNCWANGO ZAVAREH RUSTOMJEE 3 RUSTENBURG PLATINUM MINES LTD JULY NDLOVU IAN BOTHA MARTIN POGGIOLINI JOHANNES MOKOKA PREMIUM CORPORATE CONSULTING SERVICES DEAN WILLIAM PELSER GORDON LESLIE SMITH

75 3.6 Government - Rand Millions

The government spend in the different municipalities were:

Municipality Principal Town 2013 2014 2015 2016 YTD Jun 2015 - May May 2016 2016 CITY OF TSHWANE PRETORIA 635 10.9% 401 12.2% 429 11.0% 849 37.2% 1,047 23.2% 0 0.0% CITY OF CAPE TOWN CAPE TOWN 216 3.7% 139 4.2% 593 15.2% 178 7.8% 639 14.2% 43 16.4% UMHLATHUZE RICHARDS BAY 0 0.0% 103 3.1% 0 0.0% 136 6.0% 165 3.7% 0 0.0% GREATER TUBATSE BURGERSFORT 0 0.0% 0 0.0% 0 0.0% 133 5.8% 133 2.9% 0 0.0% MKHAMBATHINI CAMPERDOWN 0 0.0% 0 0.0% 0 0.0% 122 5.4% 122 2.7% 73 27.7% RAMOTSHERE MOILOA ZEERUST 0 0.0% 77 2.3% 0 0.0% 89 3.9% 95 2.1% 33 12.6% CITY OF JOHANNESBURG 118 2.0% 454 13.8% 147 3.8% 86 3.8% 202 4.5% 0 0.0% JOHANNESBURG MATATIELE MATATIELE 0 0.0% 0 0.0% 0 0.0% 39 1.7% 0 0.0% 0 0.0% EKURHULENI GERMISTON 0 0.0% 109 3.3% 118 3.0% 37 1.6% 124 2.8% 0 0.0% GREATER KOKSTAD KOKSTAD 0 0.0% 0 0.0% 0 0.0% 37 1.6% 0 0.0% 0 0.0% MANGAUNG BLOEMFONTEIN 0 0.0% 0 0.0% 77 2.0% 35 1.5% 0 0.0% 0 0.0% RICHMOND RICHMOND 0 0.0% 0 0.0% 0 0.0% 35 1.5% 0 0.0% 35 13.3% LEPHALALE ELLISRAS 0 0.0% 0 0.0% 0 0.0% 35 1.5% 0 0.0% 0 0.0% 220 3.8% 0 0.0% 113 2.9% 34 1.5% 116 2.6% 24 9.1% MOOKGOPONG MOOKGOPHONG 0 0.0% 0 0.0% 0 0.0% 34 1.5% 0 0.0% 12 4.4% BUSHBUCKRIDGE BUSHBUCKRIDGE 904 15.5% 0 0.0% 0 0.0% 0 0.0% 0 0.0% 0 0.0% POLOKWANE POLOKWANE 409 7.0% 0 0.0% 0 0.0% 0 0.0% 0 0.0% 0 0.0% MAFIKENG MAFIKENG 385 6.6% 0 0.0% 0 0.0% 0 0.0% 0 0.0% 0 0.0% UPHONGOLO PONGOLA 171 2.9% 0 0.0% 0 0.0% 0 0.0% 0 0.0% 0 0.0% MARULENG HOEDSPRUIT 153 2.6% 0 0.0% 0 0.0% 0 0.0% 0 0.0% 0 0.0% RUSTENBURG RUSTENBURG 127 2.2% 0 0.0% 0 0.0% 0 0.0% 0 0.0% 0 0.0% PHUMELELA VREDE 104 1.8% 0 0.0% 0 0.0% 0 0.0% 0 0.0% 0 0.0% NELSON MANDELA PORT ELIZABETH 94 1.6% 100 3.0% 0 0.0% 0 0.0% 0 0.0% 0 0.0% BAY MSUKALIGWA ERMELO 91 1.6% 0 0.0% 0 0.0% 0 0.0% 0 0.0% 0 0.0% KAGISANO/MOLOPO 89 1.5% 0 0.0% 135 3.5% 0 0.0% 114 2.5% 0 0.0% GEORGE GEORGE 83 1.4% 0 0.0% 0 0.0% 0 0.0% 0 0.0% 0 0.0% ETHEKWINI DURBAN 0 0.0% 162 4.9% 85 2.2% 0 0.0% 90 2.0% 0 0.0% EMAKHAZENI BELFAST 0 0.0% 153 4.6% 0 0.0% 0 0.0% 0 0.0% 0 0.0% LOCAL MUNICIPALITY BRITS 0 0.0% 131 4.0% 0 0.0% 0 0.0% 0 0.0% 0 0.0% OF MADIBENG ABAQULUSI VRYHEID 0 0.0% 101 3.1% 77 2.0% 0 0.0% 0 0.0% 2 0.8% EMALAHLENI WITBANK 0 0.0% 94 2.8% 63 1.6% 0 0.0% 63 1.4% 0 0.0% THE MSUNDUZI PIETERMARITZBURG 0 0.0% 79 2.4% 0 0.0% 0 0.0% 0 0.0% 0 0.0% MBOMBELA NELSPRUIT 0 0.0% 73 2.2% 0 0.0% 0 0.0% 0 0.0% 0 0.0% STEVE TSHWETE MIDDELBURG 0 0.0% 71 2.2% 0 0.0% 0 0.0% 0 0.0% 16 6.0% METSIMAHOLO SASOLBURG 0 0.0% 0 0.0% 134 3.4% 0 0.0% 0 0.0% 0 0.0% GAMAGARA KATHU 0 0.0% 0 0.0% 96 2.5% 0 0.0% 0 0.0% 0 0.0% DITSOBOTLA LICHTENBURG 0 0.0% 0 0.0% 92 2.4% 0 0.0% 79 1.7% 0 0.0% KWADUKUZA STANGER 0 0.0% 0 0.0% 73 1.9% 0 0.0% 59 1.3% 0 0.0% MUSINA MUSINA 0 0.0% 0 0.0% 65 1.7% 0 0.0% 72 1.6% 0 0.0% NKOMAZI NKOMAZI 0 0.0% 0 0.0% 0 0.0% 0 0.0% 0 0.0% 17 6.3% HIBISCUS COAST PORT SHEPSTONE 0 0.0% 0 0.0% 0 0.0% 0 0.0% 0 0.0% 8 3.1% INDAKA INDAKA 0 0.0% 0 0.0% 0 0.0% 0 0.0% 0 0.0% 1 0.4% OTHER 2,021 34.7% 1,049 31.8% 1,609 41.2% 402 17.6% 1,385 30.7% 0 0.0% Total 5,820 3,297 3,906 2,280 4,506 263

76 The top commercial transactions greater than R5 million and limited to 50 for May 2016 are:

Rank Purchase Price Buyer Seller Erf Key Suburb Node

1 42,146,000 THE NATIONAL GOVERNMENT OF THE REPUBLIC OF SOUTH SWANEPOEL ARMAND GT~120~00000 AFRICA CHRISTOFFEL 2 36,252,000 GOVERNMENT OF THE WESTERN CAPE FINISHING TOUCH TRADING 300 STELLENBOSCH RD~918~00187 CAPE TOWN - SOMERSET PTY LTD WEST 3 36,000,000 MASIBUYELE EMAKHAYA COMMUNITY TRUST EVANGRASS TRUST-TRUSTEES FT~1111~00021

FT~1111~00025

FT~14064~00000

4 33,000,000 BAHURUTSHE BOO MOKGATLHA COMMUNAL PROP ASSOC BOSHOFF PETRUS COENRAAD JP~521~00001

5 24,000,000 EMBO EMFENI COMMUNITY TRUST V G KEYSER CC FT~1053~00002

FT~1272~00001

6 23,940,000 PROVINCIAL GOVERNMENT NETCARE PROP HOLDINGS PTY MEDPARK~1~00000 PRETORIA - EAST LTD 7 23,600,000 EMBO EMFENI COMMUNITY TRUST KAPTAGORE FARM PROPRIETARY FT~1130~00017 LIMITED 8 22,000,000 MASIBUYELE EMAKHAYA COMMUNITY TRUST STONEY HILL FARM CC FT~1148~00010

9 16,500,000 MPAKENI-MLEGENI COMMUNAL PROP ASSOC MIDDELBULT FARMING CC JU~211~00007

JU~211~00014

JU~211~00016

JU~211~00022

JU~211~00053

10 15,700,000 STEVE TSHWETE LOCAL MUNICIPALITY J M TOUA BOERDERY CC JS~375~00027

77 5 DIRECTORS 5.1 Director Value

Director Value identifies those directors that have the greatest involvement in property via their directorships.

The band is defined by the proportional value of the properties that the director is involved in (property value divided by number of directors in the property owning company). The aim is to identify the most important directors in terms of ownership and activity.

There are 31747 directors involved in companies with their proportional property value exceeding R5 million. Of these 4925 directors were involved in purchasing properties during the last 12 months and 550 during the last month.

Band Total 2016 YTD May 2016

A: Greater than R1bill 76 72 37 B: Between R500 and R1bill 128 87 21 C: Between R110 and R500mill 1,301 632 85 D: Between R50 and R110mill 1,590 527 64 E: Between R11mill and R50mill 13,416 1,867 187 F: Less than R11mill 15,236 1,740 156 31,747 4,925 550

5.2 Director Activity

Director Activity is an indication of the level of recent property purchases that directors are involved in the property market, in relation to their total property holding.

• High Activity - the director is involved in transactions during the year where the property value is more than 80% of the total property value of the portfolio • Medium Activity – the director is involved in transactions during the year where the property value is 50 – 80% of the total property value of the portfolio • Normal Activity - the director is involved in transactions during the year where the property value is less than 50% of the total property value of the portfolio

The number of directors active in purchases which were processed in the deeds office during the last month, in terms of Activity and Value levels, are:

Band A: HIGH B: MEDIUM C: LOW Total (NEWCOMERS) (ESTABLISHED) A: Greater than R1bill 8 29 37 B: Between R500 and R1bill 2 19 21 C: Between R110 and R500mill 10 10 65 85 D: Between R50 and R110mill 1 8 55 64 E: Between R11mill and R50mill 39 34 114 187 F: Less than R11mill 77 21 58 156 Total 127 83 340 550

78 5.3 Bonds

The aim of the bond section is to create a segmentation that allows the mortgage funders to understand the market in terms of the directors of the borrowing companies.

The bonds granted during the last month in the various segments (R million) are:

Band A: HIGH B: MEDIUM C: LOW D: BOND ONLY Total (NEWCOMERS) (ESTABLISHED) A: Greater than R1bill 0 502,794,273 0 502,794,273 B: Between R500 and R1bill 0 708,217,689 29,500,000 737,717,689 C: Between R110 and R500mill 318,733,329 139,763,275 1,930,260,976 934,128,572 3,322,886,152 D: Between R50 and R110mill 139,059,884 265,000,000 1,177,719,799 339,909,062 1,921,688,745 E: Between R11mill and R50mill 202,300,000 166,424,036 359,880,080 901,916,486 1,630,520,602 F: Less than R11mill 163,312,259 29,413,027 99,918,599 657,071,926 949,715,811 G: Bond only 88,270,534 88,270,534 Total 823,405,472 600,600,338 4,778,791,416 2,950,796,580 9,153,593,806

The market shares during the last month in the segments are:

5.3.1 Lending in terms of Director Activity

The lending (in R millions) to the market for the last 12 months relative to the activity levels of the directors are:

SEGMENT ABSA INVESTEC NEDBANK FNB SBSA TUHF GRINDROD BIDVEST

B: MEDIUM 27,174 66% 3,349 11% 3,115 8% 788 5% 1,508 8% 37 51% 140 12% 0 0% C: LOW 6,870 17% 16,558 57% 24,136 62% 5,605 36% 7,655 42% 35 49% 195 16% 0 0% A: HIGH 845 2% 2,587 9% 1,791 5% 1,842 12% 1,317 7% 0 0% 631 52% 13 40% D: BOND ONLY 5,977 15% 6,707 23% 10,063 26% 7,499 48% 7,790 43% 0 0% 238 20% 20 60% 40,866 29,200 39,105 15,734 18,270 72 1,204 33

79 5.3.2 Lending in terms of Director Value

The lending (in R millions) to the market for the last 12 months relative to the activity levels of the directors are:

BAND ABSA INVESTEC NEDBANK FNB SBSA TUHF GRINDROD BIDVEST

A: Greater than R1bill 27,251 67% 2,122 7% 3,721 10% 666 4% 1,780 10 0 0% 0 0% 0 0% % E: Between R11mill and R50mill 4,212 10% 4,912 17% 7,661 20% 4,983 32% 3,170 17 0 0% 610 51% 14 42% % B: Between R500 and R1bill 1,368 3% 3,031 10% 5,257 13% 327 2% 2,028 11 0 0% 0 0% 0 0% % F: Less than R11mill 1,990 5% 1,861 6% 3,110 8% 2,775 18% 1,631 9% 0 0% 193 16% 19 58% C: Between R110 and R500mill 5,084 12% 13,068 45% 13,340 34% 5,632 36% 7,138 39 72 100% 130 11% 0 0% % G: Bond only 80 0% 75 0% 144 0% 114 1% 16 0% 0 0% 0 0% 0 0% D: Between R50 and R110mill 880 2% 4,132 14% 5,872 15% 1,237 8% 2,508 14 0 0% 271 23% 0 0% % 40,866 29,200 39,105 15,734 18,270 72 1,204 33

80 5.3.3 Top Directors

The tables below seeks to identify the top property directors in the country. This is derived by aggregating the values they are involved in through directorships in property owning companies. The tables below are the top 10 directors in the database, but not duplicating directors for the same company (ie only giving one director per company). Table 1 - Overall Table 2 - Most Recent 12 Months Table 3 - May 2016

Table 1 – Overall Director Value

Surname Firstname Proportional Value Full Value Most Prominent Company

PREMIUM CORPORATE 20,634,152,531 76,728,528,501 JONKERSHOEKWEG 41 BELEGGINGS CONSULTING SERVICES TEIXEIRA ANDREW 4,691,792,799 21,313,376,376 LOVTEX INVESTMENTS SCHAPER BERNITA 4,674,306,863 21,260,918,568 CAPITAL PROPFUND 4 STEVENS MARK WALTER 4,337,210,026 19,153,971,939 DUSTY GOLD INVESTMENTS 4 KÖNIG ANDREW JOSEPH 4,070,992,346 35,821,286,237 ERF 2/49 BRYANSTON RICE DAVID HUW 4,045,899,101 35,570,353,788 REDEFINE PROPERTIES DE KLERK ESTIENNE KONRAD 4,004,444,443 23,221,213,956 OXFORD 144 PROPERTY INVESTMENTS BORNMAN ABRAHAM ALBERTUS 3,939,405,629 19,033,841,926 FORTRESS INCOME 5 VOLKEL GERALD 3,569,389,605 19,897,998,813 323 FESTIVAL STREET BAKER BRONWYN 3,423,081,255 33,198,089,872 ERF 2/49 BRYANSTON

Table 2 – Most Recent 12 Months

Surname Firstname Proportional Value Full Value Most Prominent Company Bond

BAKER BRONWYN 1,109,729,450 8,111,921,035 ERF 2/49 BRYANSTON 23,809,524 BASSON ANTOINETTE MARGARET 1,065,037,075 3,245,288,724 AFHCO HOLDINGS 8,799,999,999 BORNMAN ABRAHAM ALBERTUS 1,234,863,510 5,718,348,119 FORTRESS INCOME 5 110,441,667 KÖNIG ANDREW JOSEPH 1,109,729,450 8,111,921,035 ERF 2/49 BRYANSTON 23,809,524 MACKEY TERENCE RORY 1,065,037,075 3,245,288,724 STONDELL INVESTMENTS 8,799,999,999 PREMIUM CORPORATE 2,083,658,570 12,733,249,424 JONKERSHOEKWEG 41 BELEGGINGS 3,537,597,594 CONSULTING SERVICES RICE DAVID HUW 1,109,729,450 8,111,921,035 REDEFINE PROPERTIES 23,809,524 SCHAPER BERNITA 1,402,345,840 6,234,025,110 CAPITAL PROPFUND 4 110,441,667 TEIXEIRA ANDREW 1,402,345,840 6,234,025,110 LOVTEX INVESTMENTS 110,441,667 WAINER MARC 1,109,729,450 8,111,921,035 MEDICAL DEVELOPMENT CORPORATION 73,809,524

Table 3 – May 2016

Surname Firstname Proportional Value Full Value Most Prominent Company Bond

BAKER BRONWYN 267,736,634 1,255,257,599 ERF 2/49 BRYANSTON 0 BASSON ANTOINETTE MARGARET 112,112,083 341,140,000 AFHCO HOLDINGS 0 BORNMAN ABRAHAM ALBERTUS 78,310,445 365,092,223 FORTRESS INCOME 5 0 KÖNIG ANDREW JOSEPH 267,736,634 1,255,257,599 ERF 2/49 BRYANSTON 0 MACKEY TERENCE RORY 112,112,083 341,140,000 STONDELL INVESTMENTS 0 NESER MATTHYS STEFANUS 78,556,958 515,396,875 NOSTRANIKWA 0 BENJAMIN PREMIUM CORPORATE 83,625,052 334,633,430 JONKERSHOEKWEG 41 BELEGGINGS 402,294,275 CONSULTING SERVICES RICE DAVID HUW 267,736,634 1,255,257,599 REDEFINE PROPERTIES 0 SWANEPOEL BENJAMIN 107,308,333 321,925,000 S A RETAIL PROPERTIES 0 WAINER MARC 267,736,634 1,255,257,599 MEDICAL DEVELOPMENT CORPORATION 0

81 METHODOLOGY Three databases have been combined to create this unique view of the property market, namely: • Deeds Office - Which shows all property transactions that have been registered in the Deeds Office • CIPC - Company Registration data showing directorships linked to all property owning companies in the Deeds data • Cadastral - Each property can be linked to the cadastral database which provides the exact spatial location of the property

Data is updated weekly, collated and propagated monthly.

In phase 1, we are looking at transactions greater than R5million.

There will be three forms of delivery: Snap Report – Weekly – a summary of significant or interesting transactions that occurred – each Thursday

Detailed Report – Monthly – a detailed analysis of transactions that occurred in the month – 10 working days after month end

Website – spatially enabled web site that will enable the user to perform interactive on line analysis of commercial data.

We have segmented the database into a number of segments: • Owner Segment • Spatial - Municipality or Node • Property Type • Director Relevance • Bond Activity

The data is populated into a relational database that allows us to cut and dice the data into intelligent segments.

82