COMMERCIAL PROPERTY REPORT June 2015

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.sarevealed.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.sarevealed.co.za Moraine House, The Braes,193 Bryanston Drive Bryanston, Johannesburg, South Africa SA Revealed (Pty) Ltd ‡Registration Number 2011/112308/07 OVERVIEW OF REPORT AND WEBSITE

This COMMERCIAL PROPERTY REPORT and the PROPERTY section of the SA Revealed website www.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 ³Node´ and buyer ³Owner´ 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 June 2015 Summary

The data reflects transactions over R5 million that were processed through the Deeds Office from January 2012, showing transactions for the month of June 2015, the last 12 months, the cumulative position for the current year, and the full view for 2014, 2013 and 2012

1.1 Executive Summary

The following are the highlights for June 2015:

‡ There is an anomoly this month with regards to a bond by ABSA for R2 billion over a number of properties across different provinces. We believe the R2 billion relate to a single transaction and have spread the value across the Bond Numbers. This may change as we get further information

‡ 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 Sandton 633121 5,701,877 Johannesburg - Rosebank/Melrose 631697 4,030,071 Cape Town - Foreshore 17279 3,325,190 Stellenbosch - Stellenbosch 16234 2,197,902 Ekurhuleni - Bedfordview 627417 2,090,026 Cape Town - Downtown Cape Town CBD 16167 1,778,777 KwaDukuza 350931 1,539,608 Johannesburg - Central Sandton 633120 1,445,421 Pretoria - Eastern Pretoria CBD 656151 1,118,740 Pretoria - Central Pretoria CBD 656149 1,083,171 Cape Town - Bantry Bay 16161 1,052,288 Johannesburg - Bryanston 635962 1,033,383 Ethekwini - Durban West 330510 1,000,000 Cape Town - Southern Suburbs 13959 955,129 Johannesburg - CBD/Braamfontein 625980 890,776 Cape Town - East Cape Town CBD and Woodstock 16169 849,594 Johannesburg - Waterfall 638823 800,000 Pretoria - Centurion 648979 722,545 Cape Town - Atlantic Seaboard 16160 716,396 Tshwane - Pretoria East 653374 681,095

3 1.2 Owner Segment

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

Owner Segment 2012 2013 2014 2015 YTD Jul 2014 - Jun June 2015 2015 COMMERCIAL 41,108 54.0% 50,509 52.8% 52,035 49.2% 31,938 61.0% 60,027 56.4% 7,913 66.4% TRUST 10,178 13.4% 11,696 12.2% 12,377 11.7% 8,401 16.0% 15,039 14.1% 1,613 13.5% LISTED PROP COMP 14,117 18.5% 20,097 21.0% 26,000 24.6% 6,705 12.8% 18,848 17.7% 1,839 15.4% GOVERNMENT 4,472 5.9% 5,829 6.1% 3,297 3.1% 1,968 3.8% 3,311 3.1% 202 1.7% EMERGING PORTFOLIO 640 0.8% 2,555 2.7% 5,205 4.9% 1,526 2.9% 2,515 2.4% 213 1.8% RESIDENTIAL DEVELOPMENT 1,124 1.5% 1,682 1.8% 1,696 1.6% 819 1.6% 1,657 1.6% 78 0.7% BANK 2,779 3.6% 2,303 2.4% 2,006 1.9% 297 0.6% 1,842 1.7% 2 0.0% INVESTMENT 154 0.2% 134 0.1% 1,483 1.4% 246 0.5% 1,574 1.5% 22 0.2% CHURCH/EDUCATION 332 0.4% 97 0.1% 501 0.5% 219 0.4% 566 0.5% 0 0.0% MINES 1,257 1.6% 766 0.8% 1,141 1.1% 212 0.4% 985 0.9% 12 0.1% STUDENT ACCOMMODATION 24 0.0% 65 0.1% 44 0.0% 26 0.1% 38 0.0% 19 0.2% Total 76,185 95,733 105,785 52,357 106,402 11,911

Table 1: 2015 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

2012 2013 2014 2015 YTD Jul 2014 - Jun 2015 June 2015

ABSA 7,188 8.8% 7,865 8.5% 9,217 10.1% 7,204 13.6% 12,067 11.7% 3,671 24.5% BIDVEST 62 0.1% 44 0.0% 266 0.3% 6 0.0% 183 0.2% 6 0.0% FIRSTRAND 16,826 20.5% 13,056 14.1% 11,234 12.3% 6,371 12.0% 12,268 11.9% 1,067 7.1% GRINDROD 249 0.3% 684 0.7% 523 0.6% 517 1.0% 718 0.7% 70 0.5% INVESTEC 18,105 22.0% 17,116 18.5% 22,823 25.1% 11,403 21.5% 22,403 21.7% 3,080 20.6% NEDBANK 23,528 28.6% 37,790 41.0% 30,060 33.0% 17,206 32.5% 34,054 32.9% 5,140 34.3% STANDARD 15,984 19.5% 15,323 16.6% 16,433 18.0% 9,942 18.8% 21,045 20.4% 1,950 13.0% TUHF 201 0.2% 398 0.4% 501 0.6% 318 0.6% 630 0.6% 0 0.0% Total 82,143 92,276 91,057 52,967 103,368 14,984

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 2012 1,736 24 2,323 32 1,281 1,996 1,465 34 2013 2,135 14 2,575 40 1,353 2,437 1,344 53 2014 2,181 22 2,507 19 1,758 2,547 1,632 100 2015 YTD 1,207 6 1,351 42 1,016 1,331 796 29 Jul 2014 - Jun 2015 2,283 17 2,681 48 2,158 2,726 1,760 71 June 2015 254 6 341 7 218 330 144 0 B: R10 mill - R50 mill 2012 2,838 38 4,579 90 5,528 7,363 3,416 167 2013 2,935 30 4,667 430 6,519 8,290 3,510 345 2014 4,429 164 3,645 49 6,752 10,131 3,873 256 2015 YTD 2,289 0 2,601 209 4,164 5,080 2,194 166 Jul 2014 - Jun 2015 4,812 86 4,634 209 8,105 11,314 4,421 346 June 2015 447 0 576 63 838 1,046 510 0 C: R50 mill - R100 mill 2012 826 0 2,305 127 3,671 3,353 1,950 0 2013 1,035 0 1,489 214 3,420 6,435 2,320 0 2014 876 80 1,211 195 2,927 5,888 2,038 145 2015 YTD 498 0 735 96 2,616 3,415 1,876 123 Jul 2014 - Jun 2015 1,209 80 1,387 291 3,735 6,872 2,765 213 June 2015 0 0 0 0 559 348 465 0 D: R100 mill - R450 mill 2012 1,788 0 4,829 0 6,925 8,176 4,423 0 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 2,790 0 2015 YTD 342 0 834 170 3,607 5,080 3,906 0 Jul 2014 - Jun 2015 895 0 2,716 170 5,955 10,342 5,329 0 June 2015 102 0 150 0 1,465 2,116 831 0 E: Above R450 mill 2012 0 0 2,790 0 700 2,640 4,730 0 2013 482 0 2,213 0 0 10,830 3,455 0 2014 0 0 1,864 0 5,059 2,150 6,100 0 2015 YTD 2,868 0 850 0 0 2,300 1,170 0 Jul 2014 - Jun 2015 2,868 0 850 0 2,450 2,800 6,770 0 June 2015 2,868 0 0 0 0 1,300 0 0

6 1.3.2 Volume - No of Bonds

2012 2013 2014 2015 YTD Jul 2014 - Jun June 2015 2015 ABSA 417 15.5% 492 16.4% 555 17.4% 306 17.1% 603 16.9% 66 17.0% BIDVEST 4 0.1% 3 0.1% 11 0.3% 1 0.1% 7 0.2% 1 0.3% FIRSTRAND 612 22.8% 636 21.2% 577 18.1% 332 18.6% 647 18.1% 75 19.3% GRINDROD 12 0.4% 24 0.8% 9 0.3% 16 0.9% 19 0.5% 4 1.0% INVESTEC 498 18.5% 546 18.2% 620 19.5% 372 20.8% 727 20.3% 81 20.8% NEDBANK 705 26.2% 849 28.3% 935 29.3% 476 26.7% 1,019 28.5% 107 27.5% STANDARD 424 15.8% 420 14.0% 452 14.2% 268 15.0% 527 14.7% 55 14.1% TUHF 15 0.6% 26 0.9% 27 0.8% 14 0.8% 27 0.8% 0 0.0% Total 2,687 2,996 3,186 1,785 3,576 389

7 1.3.2 Volume - No of bonds (Continued)

Bond Year ABSA BIDVEST FIRSTRAND GRINDROD INVESTEC NEDBANK STANDARD TUHF

A: R5 mill - R10 mill 2012 245 10.0% 3 11.1% 333 11.6% 5 6.0% 177 6.2% 283 6.9% 210 9.8% 5 4.6% 2013 306 12.5% 2 7.4% 363 12.6% 5 6.0% 190 6.7% 341 8.3% 195 9.1% 8 7.3% 2014 312 12.8% 4 14.8% 354 12.3% 3 3.6% 255 9.0% 353 8.6% 233 10.9% 15 13.8% 2015 YTD 174 7.1% 1 3.7% 191 6.6% 5 6.0% 138 4.9% 188 4.6% 116 5.4% 5 4.6% Jul 2014 - Jun 2015 330 13.5% 3 11.1% 381 13.2% 6 7.1% 303 10.7% 383 9.4% 253 11.8% 11 10.1% June 2015 35 1.4% 1 3.7% 47 1.6% 1 1.2% 31 1.1% 45 1.1% 21 1.0% 0 0.0% B: R10 mill - R50 mill 2012 151 6.2% 1 3.7% 217 7.5% 5 6.0% 236 8.3% 330 8.1% 161 7.5% 10 9.2% 2013 164 6.7% 1 3.7% 242 8.4% 16 19.0% 276 9.7% 362 8.8% 161 7.5% 18 16.5% 2014 223 9.1% 6 22.2% 191 6.6% 3 3.6% 285 10.0% 440 10.8% 171 8.0% 10 9.2% 2015 YTD 118 4.8% 0 0.0% 125 4.3% 9 10.7% 180 6.3% 214 5.2% 103 4.8% 7 6.4% Jul 2014 - Jun 2015 247 10.1% 3 11.1% 230 8.0% 9 10.7% 340 12.0% 479 11.7% 202 9.4% 13 11.9% June 2015 25 1.0% 0 0.0% 27 0.9% 3 3.6% 36 1.3% 45 1.1% 24 1.1% 0 0.0% C: R50 mill - R100 mill 2012 13 0.5% 0 0.0% 33 1.1% 2 2.4% 50 1.8% 46 1.1% 26 1.2% 0 0.0% 2013 14 0.6% 0 0.0% 19 0.7% 3 3.6% 50 1.8% 84 2.1% 32 1.5% 0 0.0% 2014 11 0.5% 1 3.7% 17 0.6% 2 2.4% 40 1.4% 80 2.0% 27 1.3% 2 1.8% 2015 YTD 6 0.2% 0 0.0% 10 0.3% 1 1.2% 36 1.3% 44 1.1% 25 1.2% 2 1.8% Jul 2014 - Jun 2015 15 0.6% 1 3.7% 19 0.7% 3 3.6% 51 1.8% 93 2.3% 37 1.7% 3 2.8% June 2015 0 0.0% 0 0.0% 0 0.0% 0 0.0% 7 0.2% 5 0.1% 6 0.3% 0 0.0% D: R100 mill - R450 mill 2012 8 0.3% 0 0.0% 27 0.9% 0 0.0% 34 1.2% 42 1.0% 23 1.1% 0 0.0% 2013 7 0.3% 0 0.0% 9 0.3% 0 0.0% 30 1.1% 53 1.3% 26 1.2% 0 0.0% 2014 9 0.4% 0 0.0% 12 0.4% 1 1.2% 35 1.2% 58 1.4% 16 0.7% 0 0.0% 2015 YTD 3 0.1% 0 0.0% 5 0.2% 1 1.2% 18 0.6% 26 0.6% 22 1.0% 0 0.0% Jul 2014 - Jun 2015 6 0.2% 0 0.0% 16 0.6% 1 1.2% 30 1.1% 59 1.4% 29 1.4% 0 0.0% June 2015 1 0.0% 0 0.0% 1 0.0% 0 0.0% 7 0.2% 10 0.2% 4 0.2% 0 0.0% E: Above R450 mill 2012 0 0.0% 0 0.0% 2 0.1% 0 0.0% 1 0.0% 4 0.1% 4 0.2% 0 0.0% 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% 5 0.2% 0 0.0% 2015 YTD 5 0.2% 0 0.0% 1 0.0% 0 0.0% 0 0.0% 4 0.1% 2 0.1% 0 0.0% Jul 2014 - Jun 2015 5 0.2% 0 0.0% 1 0.0% 0 0.0% 3 0.1% 5 0.1% 6 0.3% 0 0.0% June 2015 5 0.2% 0 0.0% 0 0.0% 0 0.0% 0 0.0% 2 0.0% 0 0.0% 0 0.0%

8 1.4 Highest Transactions and Bonds

The top commercial transactions greater than R5 million and limited to 50 for June 2015 are:

Rank Purchase Price Buyer Seller Erf Key Suburb Node

1 486,442,500 PARADISE FALLS TIMBER PROPRIETARY MONDI LIMITED FS~11228~00000 LIMITED FS~11535~00000 FS~15635~00000 FS~16211~00000 FS~5315~00000 FS~6078~00000 FS~6241~00003 FS~6380~00001 FS~6524~00000 FS~7464~00000 2 485,640,000 PIVOTAL FUND LTD STANDARD BANK PROP PTY LTD SANDHURST~241~00001 SANDHURST JOHANNESBURG - SANDTON 3 481,975,000 RAND URANIUM PTY LTD RANDFONTEIN ESTATES LTD IQ~291~00033 4 455,800,000 EMIRA PROP FUND LTD FIRSTRAND BANK LTD KARENPARK~900~00000 KARENPARK PRETORIA - NORTH 5 380,000,000 LANEMARK PTY LTD OLEUM PROP PTY LTD CAPE TOWN~22841~00000 MAITLAND CAPE TOWN - VOORTREKKER ROAD 6 310,000,000 ZININGI PROP PTY LTD FOUNTAINS REGIONAL MALL PTY JEFFREYS BAY~8690~00000 FOUNTAINS ESTATE LTD BUSINESS PARK 7 218,300,000 EMIRA PROP FUND LTD EMIRA PROP SCHEME DIE HOEWES~608~00000 DIE HOEWES PRETORIA - CENTURION 8 201,280,000 S A RETAIL PROP PTY LTD FIRSTRAND BANK LTD MORNINGSIDE~1735~00000 MORNINGSIDE JOHANNESBURG - SANDTON 9 192,878,200 TOWER PROP FUND LTD H B W GROUP PTY LTD CAPE TOWN~140700~00000 CLAREMONT CAPE TOWN - SOUTHERN SUBURBS 10 175,000,000 H B W GROUP PTY LTD PRIME ZONE PROP PTY LTD CAPE TOWN~140700~00000 CLAREMONT CAPE TOWN - SOUTHERN SUBURBS 11 143,060,846 140 WEST STREET TRUST TRUZEN 67 TRUST SANDOWN~8~00003 SANDOWN JOHANNESBURG - SANDTON 12 140,000,000 SILVER LEAF PROPERTY FUND LTD MICAWBER 313 PTY LTD MENLYN~70~00001 MENLYN PRETORIA - EAST VUKILE PROP FUND LTD N A D PROP INCOME FUND PTY SOSHANGUVE-SS~1631~00000 PRETORIA - NORTH LTD 13 135,000,000 DUBE TRADEPORT CORPORATION CANELANDS TRUST-TRUSTEES FU~1575~01240 DURBAN - NORTH FU~1575~01970 DURBAN - NORTH 14 132,477,682 AFGRI POULTRY PTY LTD AFGRI OPERATIONS LTD IS~135~00120 15 123,000,000 VIVIDEND INCOME FUND LTD CANDELA PROP HOLDINGS PTY CLAYVILLE~7734~00000 EKURHULENI - KEMPTON LTD PARK 16 115,500,000 J T ROSS PROPERTIES PROPRIETARY SCAW SOUTH AFRICA PTY LTD WENTWORTH~870~00000 JACOBS DURBAN - SOUTH LIMITED 17 111,000,000 DUBE TRADEPORT CORPORATION TONGAAT HULETT LIMITED MOUNT MORELAND~129~00000 MOUNT MORELAND DURBAN - NORTH MOUNT MORELAND~133~00000 MOUNT MORELAND DURBAN - NORTH TONGAAT-HULETT GROUP LTD MOUNT MORELAND~109~00000 MOUNT MORELAND DURBAN - NORTH TONGAAT-HULETT LTD FU~1575~00245 DURBAN - NORTH MOUNT MORELAND~113~00000 MOUNT MORELAND DURBAN - NORTH MOUNT MORELAND~114~00000 MOUNT MORELAND DURBAN - NORTH MOUNT MORELAND~115~00000 MOUNT MORELAND DURBAN - NORTH MOUNT MORELAND~124~00000 MOUNT MORELAND DURBAN - NORTH MOUNT MORELAND~131~00000 MOUNT MORELAND DURBAN - NORTH MOUNT MORELAND~132~00000 MOUNT MORELAND DURBAN - NORTH MORE PROPERTIES ON TITLE DEED 18 101,000,000 TORTELLO INV 143 RF PTY LTD BUSINESS VENTURE INV NO BEREA~1383~00000 BEREA JOHANNESBURG - 1388 PTY LTD CBD/BRAAMFONTEIN 19 89,600,000 CAPITAL PROPFUND 1 PTY LTD CAPITAL PROP TRUST BRYANSTON~5530~00002 BRYANSTON JOHANNESBURG - BRYANSTON BRYANSTON~73~00000 BRYANSTON JOHANNESBURG - BRYANSTON 20 84,000,000 DELTA PROP FUND LTD 142 - 144 4TH STREET PARKMORE JHB~1408~00000 PARKMORE JOHANNESBURG - PARKMORE PTY LTD SANDTON PARKMORE JHB~1408~00003 PARKMORE JOHANNESBURG - SANDTON 21 81,815,667 PICK 'N PAY RETAILERS PTY LTD PICK 'N PAY NEWTON PARK PTY MILNERTON~14467~00000 TABLE VIEW CAPE TOWN - TABLE LTD VIEW 22 80,421,984 BLUE CLOUD INV 259 PTY LTD PLATINUM SQUARE SHOPPING CASHAN~2666~00000 CENTRE PTY LTD CASHAN~2667~00000 CASHAN 23 75,250,466 KYALAMI RETAIL VILLAGE PTY LTD SHOPRITE CHECKERS PTY LTD JR~406~00700 JOHANNESBURG - MIDRAND/KYALAMI JR~406~00702 JOHANNESBURG - MIDRAND/KYALAMI JR~406~00703 JOHANNESBURG - MIDRAND/KYALAMI PIVOTAL FUND LTD SHOPRITE CHECKERS PTY LTD JR~406~00700 JOHANNESBURG - MIDRAND/KYALAMI JR~406~00702 JOHANNESBURG - MIDRAND/KYALAMI

9 Rank Purchase Price Buyer Seller Erf Key Suburb Node

23 75,250,466 PIVOTAL FUND LTD SHOPRITE CHECKERS PTY LTD JR~406~00703 JOHANNESBURG - MIDRAND/KYALAMI 24 74,000,000 SA RETAIL PROPERTIES PROPRIETARY SA CORPORATE REAL ESTATE PINETOWN~6869~00000 NORTH INDUSTRIA DURBAN - WEST LIMITED TRUST SCHEME 25 70,314,330 ZENDAI INV MANAGEMENT SOUTH AFRICA A E C I LTD IR~34~00002 PTY LTD IR~34~00003 26 66,874,580 HARITH PROP SANDTON PTY LTD FRIEDSHELF 422 PTY LTD CHISLEHURSTON~44~00005 JOHANNESBURG - SANDTON 27 65,000,000 ROBS PROPERTIES PTY LTD TUSCALOOSA 21 PTY LTD BLOEMFONTEIN~11275~00000 BLOEMFONTEIN CENTRAL TENDOPAX PTY LTD KERSHENDALE PROP PTY LTD MARSHALLSTOWN~11~00000 MARSHALLSTOWN JOHANNESBURG - CBD/BRAAMFONTEIN MARSHALLSTOWN~2~00000 MARSHALLSTOWN JOHANNESBURG - CBD/BRAAMFONTEIN 28 64,073,884 ROBS PROPERTIES PTY LTD ROBS INVESTMENT HOLDINGS BLOEMFONTEIN~22081~00000 BLOEMFONTEIN PTY LTD CENTRAL BLOEMFONTEIN~24892~00000 BLOEMFONTEIN CENTRAL 29 62,500,000 OZMIK PROP INV PTY LTD GROWTHPOINT PROP LTD ARCADIA~1215~00000 ARCADIA PRETORIA - CBD 30 57,700,000 SA RETAIL PROPERTIES PROPRIETARY SA CORPORATE REAL ESTATE MOUNT EDGECOMBE~2904~00000 MOUNT EDGECOMBE DURBAN - NORTH LIMITED TRUST SCHEME 31 56,717,528 INDLUPLACE PROP LTD FRIEDSHELF 1322 PTY LTD GEORGETOWN~521~00000 GEORGETOWN EKURHULENI - BEDFORDVIEW 32 54,500,000 UZWELA TRADING PTY LTD HIDDEN FARMS PTY LTD STELLENBOSCH RD~571~00007 CAPE TOWN - SOMERSET WEST 33 51,100,000 TEXTON PROP FUND LTD REYA GOLA INV PTY LTD IR~139~00125 34 50,710,000 SA RETAIL PROPERTIES PTY LTD SA CORPORATE REAL ESTATE BLOEMFONTEIN~13021~00010 BRANDWAG FUND COLLECTIVE INVESTMENT SCHEME IN PROPER 35 48,780,000 SA RETAIL PROPERTIES PROPRIETARY FIRSTRAND BANK LIMITED DURBAN~2252~00000 MUSGRAVE DURBAN - CENTRAL LIMITED DURBAN~2253~00001 MUSGRAVE DURBAN - CENTRAL DURBAN~2253~00002 MUSGRAVE DURBAN - CENTRAL DURBAN~2253~00010 MUSGRAVE DURBAN - CENTRAL DURBAN~2253~00011 MUSGRAVE DURBAN - CENTRAL 36 48,400,000 AFHCO HOLDINGS PTY LTD GREENFIELD NEWGATE PTY LTD NEWTOWN~595~00000 NEWTOWN JOHANNESBURG - CBD/BRAAMFONTEIN 37 47,880,000 WISPECO PROP PTY LTD TRUE PROP TRUST ALRODE~678~00001 EKURHULENI - ALBERTON 38 46,937,262 JIKA PROPS PTY LTD ASSETGROW INV 10 PTY LTD BRAKPAN-NOORD~2211~00000 BRAKPAN NORTH EKURHULENI - SPRINGS/BRAKPAN 39 46,746,665 INVESTEC PROP FUND LTD INVESTEC PROP PTY LTD LYNNWOOD GLEN~796~00000 LYNNWOOD GLEN PRETORIA - EAST 40 46,339,141 N T K LANDBOU PTY LTD N T K LIMPOPO AGRIC LTD TZANEEN~2290~00001 ARBOR PARK TZANEEN~443~00000 ARBOR PARK 41 45,600,000 ELLIOTT MOBILITY PTY LTD ANSLEY PROP HOLDINGS PTY COMMERCIA~25~00000 COMMERCIA JOHANNESBURG - LTD MIDRAND/KYALAMI COMMERCIA~26~00000 COMMERCIA JOHANNESBURG - MIDRAND/KYALAMI COMMERCIA~27~00000 COMMERCIA JOHANNESBURG - MIDRAND/KYALAMI 42 45,228,273 BARLOWORLD SOUTH AFRICA PTY LTD BUSINESS VENTURE INV NO 288 BELLVILLE~34062~00000 BELLVILLE SOUTH CAPE TOWN - PTY LTD INDUSTRIAL VOORTREKKER ROAD 43 45,200,000 S A RETAIL PROP PTY LTD S A CORPORATE REAL ESTATE IR~92~00692 JOHANNESBURG JOHANNESBURG - TRUST OPEN SPACE DENVER/KENSINGTON/B RUMA 44 45,000,000 RAPIPROP 12 PTY LTD WESTLAKE STORAGELAND PTY CONSTANTIA~12782~00000 WESTLAKE ESTATE CAPE TOWN - LTD SOUTHERN SUBURBS TWIZZA PTY LTD TIGER CONSUMER BRANDS LTD BELLVILLE~24434~00000 BELLVILLE SOUTH CAPE TOWN - INDUSTRIAL VOORTREKKER ROAD 45 44,745,000 ELLEKE HOSPITALITY PTY LTD KEITH JENKINS TRUST PAARL RD~1776~00000 CAPE TOWN - NORTHERN SUBURBS PAARL RD~1777~00000 CAPE TOWN - NORTHERN SUBURBS PAARL RD~393~00001 CAPE TOWN - NORTHERN SUBURBS 46 44,504,763 INVESTEC PROP FUND LTD INVESTEC PROP PTY LTD JR~399~00048 HENNOPS PARK PRETORIA - CENTURION INDUSTRIAL 47 43,750,000 NOLANDS INCORPORATED SOUTHERN SPIRIT PROP 43 PTY CAPE TOWN~159233~00000 MOWBRAY CAPE TOWN - LTD VOORTREKKER ROAD 48 43,575,000 PAMAZINDA TRUST SEARDEL GROUP TRADING PTY CAPE TOWN~117132~00000 EPPING INDUSTRIAL CAPE TOWN - LTD VOORTREKKER ROAD 49 43,000,000 KENFORD DEVELOPMENT PTY LTD M I CUNNINGHAM TRUST HOUT BAY~2361~00000 LLANDUDNO CAPE TOWN - ATLANTIC SEABOARD 50 42,812,700 COSMOPOLITAN PROJECTS ECHO LAKE TOWNSHIP IQ~297~00141 JOHANNESBURG - JOHANNESBURG PTY LTD DEVELOPERS CC SOWETO/ORANGE FARM

Note: The top transaction of R944mill is part of a large transaction that has been registered over a number of properties and a lengthy period - first registration was in 2013. The statistics are not affected by these types of transactions

10 Directors for these companies were:

Rank Buyer First Name Surname

1 PARADISE FALLS TIMBER PROPRIETARY LIMITED DAVID PATRICK PRESTON ROBERT WALKER HAGLER 2 PIVOTAL FUND LTD AARON SUCKERMAN CHRISTOPHER HAIG EWING JAMES ANGUS MACKAY THOMAS ALEXANDER WIXLEY THANDUXOLO SELBY SISHUBA DAVID STANLEY SAVAGE ANTHONY DAVID DIXON MARC WAINER MATTHYS STEFANUS BENJAMIN NESER STEWART SHAW-TAYLOR JACQUELINE ROUXANNE VAN NIEKERK 3 RAND URANIUM PTY LTD MIKKI SIVUYILE MACMILLAN XAYIYA CAIN FARREL AZWIDINI ADAM MUTSHINYA 5 LANEMARK PTY LTD ABU BAKER KHAN EBRAHIM KHAN ABDUL MANAN KHAN 6 ZININGI PROP PTY LTD DEREK BRITTAIN ROBERT EDWARD ALEXANDER 8 S A RETAIL PROP PTY LTD BENJAMIN SWANEPOEL ANTOINETTE MARGARET BASSON TERENCE RORY MACKEY 9 TOWER PROP FUND LTD MARC GARETH EDWARDS MARTIN RADFORD EVANS NICOLA ROBYN MILNE JOHN ANDREW BESTER ATHI CANZI MAGWENTSHU JOANNE MABIN ANDREW DENNIS DALLING RAVENDERAN YAGAMBARAM NAIDOO KEITH BERNARD HARRISON CRADDOCK BRUCE HOWE KERSWILL 10 H B W GROUP PTY LTD 12 SILVER LEAF PROPERTY FUND LTD ALFRED NGALAAH CHUPHI ANDRE LOUIS NESBITT BERRANGE PAUL STANBROOK LEAF-WRIGHT PIERRE DE VILLIERS BERRANGE DAVID ANDREW POLKINGHORNE SCHALK WILLEM PIETERSE VUKILE PROP FUND LTD ANTON DIRK BOTHA PETER SIPHO MOYANGA HYMIE MERVYN SEREBRO MICHAEL JOHN POTTS HATLA NTENE LAURENCE GARY RAPP SONJA SEBOTSA JOHANN NEETHLING STEFANES FRANCOIS BOOYSEN NIGEL GEORGE PAYNE HERMINA CHRISTINA LOPION GABAIPHIWE SEDISE MOSENEKE 14 AFGRI POULTRY PTY LTD SURAYA PERIAN EWERD RAS LEE MCGRATH IZAAK JOHANNES BREITENBACH GIDEON JOHANNES GEEL CHRISTIAAN PHILIPPUS VENTER TOBIAS ROZIER VAN BLERK MICHAEL JOHN BELT 15 VIVIDEND INCOME FUND LTD MARK JONATHAN KAPLAN GERALD GEORGE LEO LEISSNER IMRAAN EBRAHIM SULEMAN 16 J T ROSS PROPERTIES PROPRIETARY LIMITED MELANIE ANN GILLESPIE DOUGLAS GARTH ROSS 18 TORTELLO INV 143 RF PTY LTD ADRIAAN OPPERMAN REYNEKE BRIAN JEFFREY MILLER JAMES FRANCIS HOWARD GUSTAV CORNELIUS HOLTZHAUSEN IAN ALFRED MASON 19 CAPITAL PROPFUND 1 PTY LTD ANDREW EDWARD TEIXEIRA ABRAHAM ALBERTUS BORNMAN

11 19 CAPITAL PROPFUND 1 PTY LTD BARRY LESTER STUHLER JONATHAN STUART BIGHAM 20 DELTA PROP FUND LTD JOSE JORGE CRONCALVES DA COSTA SANDILE HOPESON NOMVETE DAVINA NODUMO MOTAU PAUL DAVID SIMPSON BRONWYN ANNE CORBETT PAULA NEL NOORAYA KHAN IAN DONALD MACLEOD JOHANNES BHEKUMUZI MAGWAZA 21 PICK 'N PAY RETAILERS PTY LTD RICHARD SCHALK JANSE VAN RENSBURG GARETH MARK ACKERMAN DEBRA ELLEN MULLER RICHARD WILLIAM PETER BRASHER 22 BLUE CLOUD INV 259 PTY LTD MARIO FERNANDES MENDES CARLOS JOSE MENDES CHRISTODOULOS DEMETRIADES NICOS DEMETRIADES MARIO MIGUEL MENDES 23 KYALAMI RETAIL VILLAGE PTY LTD JOHANNES JACOBUS PICKARD ETIENNE MARTIN EYGENBERGER 24 SA RETAIL PROPERTIES PROPRIETARY LIMITED ANTOINETTE MARGARET BASSON BENJAMIN SWANEPOEL TERENCE RORY MACKEY 25 ZENDAI INV MANAGEMENT SOUTH AFRICA PTY LTD JOHANNES ARNOLDUS ANTONIUS DIEPENBROEK NGAN HUNG WONG LETICIA POTTS LI HUA LI WENHUI DU 26 HARITH PROP SANDTON PTY LTD THOMAS TERTIUS STEYN ALWYN JACOBUS WESSELS LESIBANA SOLOMON MORALLANE 27 TENDOPAX PTY LTD YAHYA ISMAIL KAROLIA ROBS PROPERTIES PTY LTD MOHLOUOA ISAAC SEOE 29 OZMIK PROP INV PTY LTD RASHID ABOOBAKER 32 UZWELA TRADING PTY LTD RIAAN STASSEN 33 TEXTON PROP FUND LTD JOHN ALLASTAIR LEGH KYANSAMBO VUNDLA ROB KANE JOHN RUSSELL MACEY ANGELIQUE NORMA DE RAUVILLE THANDUXOLO SELBY SISHUBA PORTIA-MORWESI TAU-SEKATI NOSIPHIWO VUYOWETHU BALFOUR MATHYS JOHANNES VAN HEERDEN 36 AFHCO HOLDINGS PTY LTD ANTOINETTE MARGARET BASSON TERENCE RORY MACKEY WAYNE JEFFREY PLIT RENNEY DAVID PLIT 37 WISPECO PROP PTY LTD ROLAND FRANZ RÖHRS PATRICIA NEL PETTIT 38 JIKA PROPS PTY LTD MARK JONATHAN KAPLAN YASMIN VUSIWE INEZ LEPILE IMRAAN EBRAHIM SULEMAN 39 INVESTEC PROP FUND LTD SULIMAN MAHOMED MOSES MODIDIMA NGOASHENG SAM HACKNER CONSTANCE MATSHAGA MASHABA GRAHAM ROBERT ROSENTHAL DAVID ALEXANDER JON DONALD LUIGI LUCA MARIA GIURICICH SAMUEL RONALD LEON NICHOLAS PETER RILEY 40 N T K LANDBOU PTY LTD JACOBUS FREDERIK JANSEN VAN RENSBURG GABRIEL FRANCOIS VAN LINGEN FRONEMAN MARKUS JAKOBUS MITTERMAIER 41 ELLIOTT MOBILITY PTY LTD BRAD GRAHAM BARKER DAVID MICHAEL HIBBERT CHARLES PETER MARIE GHISLAIN LUYCKX 42 BARLOWORLD SOUTH AFRICA PTY LTD BARLOWORLD TRUST COMPANY BOIKANYO JOHANNA MAZIBUKO SIBANI MNGOMEZULU DOMINIC MALENTSHA SEWELA GALE ANTONETTE LEMMERT NORBERT LUDGER JOHANN SPÄKER EMMANUEL LEEKA 12 42 BARLOWORLD SOUTH AFRICA PTY LTD MATTHEW GOVENDER SAMESHAN YANASEGRAN MOODLEY NEO PHAKAMA DONGWANA 44 RAPIPROP 12 PTY LTD PETER FRANCIS UNITE SCOTT GREIG HINDMARCH 45 ELLEKE HOSPITALITY PTY LTD CHRISTIAN ELLEKE 47 NOLANDS INCORPORATED GRAEME DONALD SAGGERS TENK LOUBSER INCORPORATED JEREMY PETERSEN FERDINAND CLOETE CLIVE GREGORY NOLAND MARK SCHULZE PAUL ALBERT ERASMUS DAVID JOHN MASTERTON ALLAN MUNDELL CRAIG GRAHAM STANSFIELD RAFAEL VINCENTE GOMES 49 KENFORD DEVELOPMENT PTY LTD KISHORE MOHANDAS SAMTANI 50 COSMOPOLITAN PROJECTS JOHANNESBURG PTY LTD ANTON CROUSE PIERRE LEON LUDICK JOHANN MARTHINUS VORSTER

13 The top commercial mortgages greater than R5 million and limited to 50 in June 2015 are: (Items 3 - 7 are part of R2 billion loan discussed on page 3)

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

1 868,000,000 MENLYN MAINE INVESTMENT HOLDINGS ABSA BALLITOVILLE~1692~00000 201506 PROPRIETARY LIMITED 2 800,000,000 140 WEST STREET TRUST NEDBANK SANDOWN~8~00003 SANDOWN JOHANNESBURG - SANDTON 201506 3 500,000,000 S A RETAIL PROPERTIES PTY LTD ABSA DURBAN~2251~00000 MUSGRAVE DURBAN - CENTRAL 201506 DURBAN~2252~00001 MUSGRAVE DURBAN - CENTRAL 201506 4 500,000,000 SA CORPORATE REAL ESTATE TRUST ABSA SPRINGFIELD NATAL~15~00000 MORNINGSIDE DURBAN - CENTRAL 201506 SCHEME 5 500,000,000 GREEN WILLOWS PROP 9 PTY LTD NEDBANK CAPE TOWN~163045~00000 CAPE TOWN CENTRE CAPE TOWN - CENTRAL 201506 6 500,000,000 SA RETAIL PROP PTY LTD ABSA ILLOVO~44~00000 ILLOVO JOHANNESBURG - 201506 ROSEBANK/MELROSE 7 500,000,000 S A RETAIL PROP PTY LTD ABSA SPARTAN~602~00231 SPARTAN EKURHULENI - KEMPTON PARK 201506 8 400,000,000 MENLYN MAINE INVESTMENT HOLDINGS STANDARD BALLITOVILLE~1692~00000 201506 PROPRIETARY LIMITED 9 350,000,000 BUENA VISTA TRADING 154 PTY LTD NEDBANK SANDOWN~31~00009 SANDOWN JOHANNESBURG - SANDTON 201506 10 340,500,000 NEW HEIGHTS 326 PTY LTD NEDBANK PRETORIA~3230~00000 PRETORIA CENTRAL PRETORIA - CBD 201506 PRETORIA~330~00012 PRETORIA CENTRAL PRETORIA - CBD 201506 RIETFONTEIN PTA~727~00001 RIETFONTEIN PRETORIA - NORTH 201506 11 340,000,000 ANGANNA INV 126 PTY LTD INVESTEC IQ~103~00052 201506 IQ~103~00178 201506 12 320,000,000 ZININGI PROP PTY LTD INVESTEC JEFFREYS BAY~8690~00000 FOUNTAINS ESTATE 201506 BUSINESS PARK 13 304,360,000 SUPERBIA FOUR PTY LTD NEDBANK PRETORIA~2802~00000 PRETORIA CENTRAL PRETORIA - CBD 201506 PRETORIA~3263~00000 PRETORIA CENTRAL PRETORIA - CBD 201506 PRETORIA~3274~00000 PRETORIA CENTRAL PRETORIA - CBD 201506 14 270,000,000 WILCOPROP 202 PTY LTD ABSA OLIVEDALE~1248~00000 OLIVEDALE JOHANNESBURG - 201312 FOURWAYS/NORTHGATE 15 230,000,000 BLUE CLOUD INV 259 PTY LTD INVESTEC CASHAN~2666~00000 201506 CASHAN~2667~00000 CASHAN 201506 230,000,000 PLATINUM SQUARE SHOPPING CENTRE PTY INVESTEC CASHAN~2666~00000 201506 LTD CASHAN~2667~00000 CASHAN 201506 16 220,000,000 J T ROSS PROPERTIES PROPRIETARY NEDBANK WENTWORTH~870~00000 JACOBS DURBAN - SOUTH 201506 LIMITED 17 200,000,000 ROBS PROPERTIES PTY LTD NEDBANK BLOEMFONTEIN~11275~00000 BLOEMFONTEIN CENTRAL 201506 BLOEMFONTEIN~22081~00000 BLOEMFONTEIN CENTRAL 201506 BLOEMFONTEIN~24892~00000 BLOEMFONTEIN CENTRAL 201506 18 185,000,000 RABIE PROP GROUP PTY LTD NEDBANK MONTAGUE GARDENS~7010~00000 CENTURY CITY CAPE TOWN - TABLE VIEW 201411 19 180,000,000 TOWER PROP FUND LTD STANDARD CAPE TOWN~140700~00000 CLAREMONT CAPE TOWN - SOUTHERN SUBURBS 201506 20 175,000,000 HARITH PROP SANDTON PTY LTD INVESTEC CHISLEHURSTON~44~00005 JOHANNESBURG - SANDTON 201506 21 172,000,000 BLEND PROP 15 PTY LTD ABSA CAPE TOWN~95150~00000 CAPE TOWN CENTRE CAPE TOWN - CENTRAL 201310 22 160,000,000 OZMIK PROP INV PTY LTD NEDBANK ARCADIA~1133~00000 ARCADIA PRETORIA - CBD 201506 ARCADIA~1215~00000 ARCADIA PRETORIA - CBD 201506 ARCADIA~2~00000 ARCADIA PRETORIA - CBD 201506 ARCADIA~2~00002 ARCADIA PRETORIA - CBD 201506 ARCADIA~30~00000 ARCADIA PRETORIA - CBD 201506 ARCADIA~41~00000 ARCADIA PRETORIA - CBD 201506 BROOKLYN~711~00000 BROOKLYN PRETORIA - BROOKLYN 201506 BROOKLYN~868~00000 BROOKLYN PRETORIA - BROOKLYN 201506 EASTWOOD ARCADIA~1570~00000 EASTWOOD PRETORIA - CBD 201506 PRETORIA INDUSTRIAL~209~00000 PRETORIA INDUSTRIAL PRETORIA - CENTURION 201506 160,000,000 MORE PROPERTIES ON TITLE DEED 23 160,000,000 WILCOPROP 202 PTY LTD INVESTEC HOMES HAVEN~813~00000 HOMES HAVEN 201307 24 151,000,000 SAN MIGUEL FRUITS SOUTH AFRICA PTY LTD STANDARD ALEXANDRIA RD~82~00000 201505 25 150,000,000 CROMPTON TRADING PTY LTD NEDBANK CAPE TOWN~105668~00000 EPPING INDUSTRIAL CAPE TOWN - VOORTREKKER ROAD 201506 26 150,000,000 BALWIN PROP PTY LTD INVESTEC GREENSTONE HILL~1834~00000 GREENSTONE HILL JOHANNESBURG - LINBRO 201405 PARK/GREENSTONE 27 150,000,000 HIGHLAND NIGHT INV 93 PTY LTD FIRSTRAND BLUE HILLS~1389~00000 JOHANNESBURG - MIDRAND/KYALAMI 201506 28 150,000,000 TRONICORP PTY LTD INVESTEC TERRA NOVA~439~00000 201310 29 142,000,000 CAMPUSKEY PTY LTD NEDBANK CAPE TOWN~30547~00000 OBSERVATORY CAPE TOWN - CENTRAL 201506 CAPE TOWN~30548~00000 OBSERVATORY CAPE TOWN - CENTRAL 201506 30 140,000,000 23 MAIN ROAD GREEN POINT PROP PTY LTD INVESTEC GREEN POINT~2156~00000 CAPE TOWN - ATLANTIC SEABOARD 201506 31 131,000,000 SILVER LEAF PROPERTY FUND LTD STANDARD MENLYN~70~00001 MENLYN PRETORIA - EAST 201506 32 130,000,000 PROPSKY 3 PROP PTY LTD INVESTEC GELVANDALE~5392~00000 JARMAN 201506 JEFFREYS BAY~250~00000 JEFFREYS BAY 201506 KABEGA~2985~00000 KABEGA PARK 201506 KORSTEN~2851~00000 SIDWELL 201506 KORSTEN~2852~00000 SIDWELL 201506 KORSTEN~4402~00000 SIDWELL 201506 KORSTEN~7425~00000 KORSTEN 201506 MILL PARK~1342~00000 MILL PARK 201506 NEWTON PARK~3032~00000 NEWTON PARK 201506 PORT ELIZABETH CENTRAL~5544~00000 PORT ELIZABETH CENTRAL 201506 130,000,000 MORE PROPERTIES ON TITLE DEED 33 130,000,000 PERISAT INV PTY LTD INVESTEC IR~213~00004 201506 34 125,000,000 RILAREX PTY LTD NEDBANK DALPARK~3086~00000 EKURHULENI - SPRINGS/BRAKPAN 201506 14 35 125,000,000 RILAREX PTY LTD NEDBANK DALPARK~3086~00000 EKURHULENI - SPRINGS/BRAKPAN 201506 36 120,000,000 PENALTEN INVESTMENTS PROPRIETARY STANDARD UMHLANGA ROCKS~3140~00015 UMHLANGA RIDGESIDE DURBAN - NORTH 201506 LIMITED 37 102,000,000 FEPTIQ PTY LTD ABSA WORCESTER RD~379~00079 201506 WORCESTER RD~379~00080 201506 38 100,000,000 MENLYN CORPORATE PARK 2 PTY LTD INVESTEC HATFIELD~89~00000 HATFIELD PRETORIA - CBD 201506 39 100,000,000 MENLYN CORPORATE PARK 2 PTY LTD INVESTEC HATFIELD~89~00000 HATFIELD PRETORIA - CBD 201506 40 100,000,000 AMRICH 58 PROP PTY LTD STANDARD BARBEQUE DOWNS~128~00000 BARBEQUE DOWNS JOHANNESBURG - MIDRAND/KYALAMI 201506 BUSINESS PARK HALFWAY HOUSE~425~00000 HALFWAY HOUSE ESTATE JOHANNESBURG - MIDRAND/KYALAMI 201506 HALFWAY HOUSE~426~00000 HALFWAY HOUSE ESTATE JOHANNESBURG - MIDRAND/KYALAMI 201506 KYALAMI PARK~125~00000 KYALAMI BUSINESS PARK JOHANNESBURG - MIDRAND/KYALAMI 201506 41 90,000,000 CHANTILLY TRADING 20 PROPRIETARY STANDARD FT~950~00006 201506 LIMITED 42 85,000,000 STORAGE R S A A P LUBBE BUILDING PTY LTD NEDBANK DURBANVILLE~17350~00000 CAPE TOWN - NORTHERN SUBURBS 201506 43 84,300,000 HOWEC METALS (1964) PTY LTD STANDARD BRYANSTON~5689~00000 JOHANNESBURG - BRYANSTON 201506 44 83,000,000 LEXSHELL 44 GENERAL TRADING PTY LTD INVESTEC CAPE TOWN~149294~00000 WATERFRONT CAPE TOWN - SOUTHERN SUBURBS 201506 45 80,000,000 CENTURY PROP DEVELOPMENTS PTY LTD INVESTEC THE HILLS~448~00000 THE HILLS PRETORIA - EAST 201204 46 80,000,000 C D T HOMES PTY LTD NEDBANK THE HILLS~63~00000 THE HILLS PRETORIA - EAST 201506 47 75,000,000 ADZAM TRADING 176 PTY LTD INVESTEC IR~66~00101 EKURHULENI - BENONI 201506 48 75,000,000 INTERURBAN PROP FUND PTY LTD INVESTEC DASPOORT~467~00000 DASPOORT PRETORIA - NORTH 201506 49 70,000,000 VIKING PONY PROP 346 PTY LTD STANDARD BRYANSTON~44~00005 JOHANNESBURG - BRYANSTON 201506 50 68,400,000 XTRASPACE PROP PTY LTD STANDARD CAPE TOWN~112687~00000 AIRPORT INDUSTRIA CAPE TOWN - VOORTREKKER ROAD 201506

Directors for these companies are:

Rank Buyer First Name Surname

1 MENLYN MAINE INVESTMENT HOLDINGS PROPRIETARY LIMITED BILLY LESEDI MASETLHA GERHARD VAN WYK IMELDA WAY CARL ALEXIS JAKOWITZ HENK BOOGERTMAN KATASI FIONA NAKALANZI ANTON VAN WYK FRANCOIS ROOS KOKETSO MERCEDES MABE MERVIN MULLER 2 140 WEST STREET TRUST 3 S A RETAIL PROPERTIES PTY LTD 4 SA CORPORATE REAL ESTATE TRUST SCHEME 5 GREEN WILLOWS PROP 9 PTY LTD HUSSEINALI HIRJI SAMIRA HIRJI 6 SA RETAIL PROP PTY LTD BENJAMIN SWANEPOEL TERENCE RORY MACKEY ANTOINETTE MARGARET BASSON 7 S A RETAIL PROP PTY LTD TERENCE RORY MACKEY ANTOINETTE MARGARET BASSON BENJAMIN SWANEPOEL 9 BUENA VISTA TRADING 154 PTY LTD MARC DARREN WACHSBERGER 10 NEW HEIGHTS 326 PTY LTD KEITH MOGOLA KHUPE BOTHONGO 11 ANGANNA INV 126 PTY LTD AUBREY NEVILLE BENTEL SELWYN MICHAEL BENTEL 12 ZININGI PROP PTY LTD DEREK BRITTAIN ROBERT EDWARD ALEXANDER 13 SUPERBIA FOUR PTY LTD KEITH MOGOLA KHUPE BOTHONGO 14 WILCOPROP 202 PTY LTD ANTON CROUSE JACOBUS PHILIPPAS CRONJÉ 15 BLUE CLOUD INV 259 PTY LTD MARIO FERNANDES MENDES CARLOS JOSE MENDES CHRISTODOULOS DEMETRIADES NICOS DEMETRIADES MARIO MIGUEL MENDES PLATINUM SQUARE SHOPPING CENTRE PTY LTD JACOBUS PETRUS FOURIE JOHANNES JACOBUS PICKARD 16 J T ROSS PROPERTIES PROPRIETARY LIMITED MELANIE ANN GILLESPIE DOUGLAS GARTH ROSS 17 ROBS PROPERTIES PTY LTD MOHLOUOA ISAAC SEOE 18 RABIE PROP GROUP PTY LTD COLIN ANDERSON LEON HOWARD COHEN 19 TOWER PROP FUND LTD MARC GARETH EDWARDS MARTIN RADFORD EVANS NICOLA ROBYN MILNE JOHN ANDREW BESTER ATHI CANZI MAGWENTSHU

15 19 TOWER PROP FUND LTD JOANNE MABIN ANDREW DENNIS DALLING RAVENDERAN YAGAMBARAM NAIDOO KEITH BERNARD HARRISON CRADDOCK BRUCE HOWE KERSWILL 20 HARITH PROP SANDTON PTY LTD THOMAS TERTIUS STEYN ALWYN JACOBUS WESSELS LESIBANA SOLOMON MORALLANE 21 BLEND PROP 15 PTY LTD ARTHUR GAVIN GILLIS MARTIN EPSTEIN ANTHONY SEARLE WOLPERT JONATHAN HOWARD LEVY 22 MORE PROPERTIES ON TITLE DEED OZMIK PROP INV PTY LTD RASHID ABOOBAKER 24 SAN MIGUEL FRUITS SOUTH AFRICA PTY LTD AMINA KHADIJAH DESAI ROMAIN BOURIE CORNEILLE MARTIN OTERO MONSEGUR 25 CROMPTON TRADING PTY LTD RAJENDRA BALMAKHUN MALTHIDEVI BALMAKHUN 26 BALWIN PROP PTY LTD RODNEY NORMAN GRAY JONATHAN WELTMAN STEPHEN VOLKER BROOKES ULRICH GSCHNAIDTNER 27 HIGHLAND NIGHT INV 93 PTY LTD THEVENTHERAN GOVINDSAMY GOVENDER JAMES ROBERT NICOLELLA JOHN ANTHONY COPELYN JAMES FRANCIS MACKAY 28 TRONICORP PTY LTD ANDRE BOSHOFF HENDRIK ABRAM VAN VUUREN 29 CAMPUSKEY PTY LTD MARK MOUTON JAN CHRISTIAAN HEUNIS FRANCOIS ANTOIN BENJAMIN JANSE VAN RENSBURG NENO FRANCOIS JUNIUS HAASBROEK 30 23 MAIN ROAD GREEN POINT PROP PTY LTD MICHAEL NAFTALI FLAX ABUBAKER VARACHHIA QUINTIN MICHAEL ROSSI RYAN FARREN JOFFE 31 SILVER LEAF PROPERTY FUND LTD ALFRED NGALAAH CHUPHI ANDRE LOUIS NESBITT BERRANGE PAUL STANBROOK LEAF-WRIGHT PIERRE DE VILLIERS BERRANGE DAVID ANDREW POLKINGHORNE SCHALK WILLEM PIETERSE 32 PROPSKY 3 PROP PTY LTD BRAD IVAN KARK KENTT REGINALD ELLIS 33 PERISAT INV PTY LTD RELKSON LAAS RIVELE NEEL MPHO BONGAJALO SHILUBANE KURHULA BENEDICTUS BILANKULU KERVIN MTHOMBENI SHANE MOETLO 34 RILAREX PTY LTD MARTIN HARRIS WARREN KIRKWOOD SCHULTZE BAREND DE LOOR 36 PENALTEN INVESTMENTS PROPRIETARY LIMITED PANAYOTA KARPODINIS 37 FEPTIQ PTY LTD MARIA ALETTA JOHANNA VENTER JOHAN CORNELIS TOERIEN 38 MENLYN CORPORATE PARK 2 PTY LTD PETRUS JOHANNES FEENSTRA 40 AMRICH 58 PROP PTY LTD MARK ADAM STEIN PAUL HARWOOD NASH BRIAN LESLIE GRUZD 41 CHANTILLY TRADING 20 PROPRIETARY LIMITED PAUL DAVID HAMILTON MARSHALL 42 STORAGE R S A A P LUBBE BUILDING PTY LTD ANDRE HJALMAR DU PREEZ ADRIAAN NICOLAAS VAN DER LINDE ANDRIES PETRUS LUBBES 43 HOWEC METALS (1964) PTY LTD CLINTON CHRISTOPHER FRONEMAN PAUL HARWOOD NASH MICHAEL CHARLES MACFARLANE 44 LEXSHELL 44 GENERAL TRADING PTY LTD LEON NORBERT SASSE SEBENZILE PATRICK MNGCONKOLA RENEE DENTE ESTIENNE KONRAD DE KLERK ABEL MOFFAT SITHOLE RUDOLF GROBLER PIENAAR STEPHANUS ABRAHAM LE ROUX JOACOBUS FRANCOIS MARAIS ENGELBERT BINEDELL VUYANI WELLINGTON HAKO 16 45 CENTURY PROP DEVELOPMENTS PTY LTD MARK ARTHUR CORBETT ERNEST HOWARD CORBETT GAYE EVANGELINE CORBETT 46 C D T HOMES PTY LTD MALHERBE LOURENS SECRETARIAL SERVICES CC CHARLES LE ROUX DU TOIT 47 ADZAM TRADING 176 PTY LTD RAJESH DAYANUND JULIA MARY PEIRSON RICHARD IAIN FISHER FRANCOIS PAUL DU TOIT DAVID JOHN ST CLAIR 48 INTERURBAN PROP FUND PTY LTD PAUL PHILIP MUNDAY PETRO HEYDENRYCH COLEEN LIANGRA ABRAHAMS 49 VIKING PONY PROP 346 PTY LTD JOHN CARL GREVE JAN CORNELIS VLAMING GAVIN CRAIG BRIMACOMBE CHRISTOPHER GEORGE RENECLE 50 XTRASPACE PROP PTY LTD MARTHINUS THEUNIS LATEGAN ABRAHAM MARTHINUS SCHNEIDER JAMES ALEXANDER WILSON LESLIE MATUSON

17 2 Geographic Spread

2.1 Municipal Spread

2.1.1 Transactions

The geographic spread (R Million) is:

Municipality Principal Town 2012 2013 2014 2015 YTD Jul 2014 - Jun June 2015 2015 CITY OF JOHANNESBURG JOHANNESBURG 15,478 20.1% 20,328 20.9% 30,463 28.5% 10,327 19.4% 24,338 22.6% 2,447 20.2% CITY OF CAPE TOWN CAPE TOWN 11,871 15.4% 12,733 13.1% 17,215 16.1% 9,741 18.3% 19,261 17.9% 2,313 19.1% CITY OF TSHWANE PRETORIA 8,178 10.6% 12,712 13.1% 7,201 6.7% 4,675 8.8% 8,525 7.9% 1,394 11.5% EKURHULENI GERMISTON 6,456 8.4% 7,459 7.7% 9,475 8.9% 4,485 8.4% 9,598 8.9% 653 5.4% ETHEKWINI DURBAN 8,177 10.6% 8,622 8.9% 8,503 8.0% 3,648 6.9% 8,753 8.1% 1,217 10.0% NELSON MANDELA BAY PORT ELIZABETH 1,825 2.4% 2,805 2.9% 1,881 1.8% 1,529 2.9% 2,226 2.1% 433 3.6% STELLENBOSCH STELLENBOSCH 1,347 1.7% 864 0.9% 1,127 1.1% 1,171 2.2% 1,869 1.7% 158 1.3% RUSTENBURG RUSTENBURG 774 1.0% 1,087 1.1% 323 0.3% 891 1.7% 1,019 0.9% 126 1.0% EMALAHLENI WITBANK 924 1.2% 263 0.3% 1,351 1.3% 662 1.2% 1,684 1.6% 50 0.4% SALDANHA BAY VREDENBERG 127 0.2% 38 0.0% 92 0.1% 641 1.2% 669 0.6% 41 0.3% KWADUKUZA STANGER 518 0.7% 526 0.5% 739 0.7% 635 1.2% 1,095 1.0% 114 0.9% MANGAUNG BLOEMFONTEIN 996 1.3% 937 1.0% 621 0.6% 588 1.1% 1,020 0.9% 252 2.1% WITZENBERG CERES 109 0.1% 313 0.3% 267 0.2% 488 0.9% 669 0.6% 44 0.4% KOUGA JEFFREYS BAY 100 0.1% 181 0.2% 234 0.2% 455 0.9% 589 0.5% 367 3.0% DRAKENSTEIN PAARL 615 0.8% 609 0.6% 1,120 1.0% 436 0.8% 1,294 1.2% 64 0.5% MBOMBELA NELSPRUIT 796 1.0% 1,795 1.8% 1,444 1.4% 374 0.7% 966 0.9% 78 0.6% LEPHALALE ELLISRAS 275 0.4% 372 0.4% 456 0.4% 317 0.6% 625 0.6% 41 0.3% MOGALE CITY KRUGERSDORP 258 0.3% 489 0.5% 468 0.4% 316 0.6% 518 0.5% 28 0.2% BUFFALO CITY EAST LONDON 822 1.1% 539 0.6% 783 0.7% 300 0.6% 758 0.7% 103 0.9% GOVAN MBEKI SECUNDA 278 0.4% 163 0.2% 240 0.2% 295 0.6% 431 0.4% 138 1.1% POLOKWANE POLOKWANE 230 0.3% 1,718 1.8% 401 0.4% 281 0.5% 457 0.4% 6 0.0% OVERSTRAND HERMANUS 163 0.2% 292 0.3% 260 0.2% 252 0.5% 375 0.3% 59 0.5% SWARTLAND MALMESBURY 276 0.4% 421 0.4% 381 0.4% 241 0.5% 438 0.4% 28 0.2% SUNDAYS RIVER VALLEY KIRKWOOD 101 0.1% 85 0.1% 134 0.1% 208 0.4% 289 0.3% 6 0.0% THE MSUNDUZI PIETERMARITZBUR 562 0.7% 1,143 1.2% 1,215 1.1% 208 0.4% 509 0.5% 110 0.9% G METSIMAHOLO SASOLBURG 117 0.2% 229 0.2% 65 0.1% 183 0.3% 222 0.2% 0 0.0% BITOU PLETTENBERG BAY 204 0.3% 218 0.2% 243 0.2% 179 0.3% 329 0.3% 50 0.4% THEEWATERSKLOOF CALEDON 196 0.3% 177 0.2% 510 0.5% 178 0.3% 267 0.2% 28 0.2% MNQUMA BUTTERWORTH 34 0.0% 23 0.0% 32 0.0% 174 0.3% 206 0.2% 0 0.0% GREATER TZANEEN TZANEEN 189 0.2% 249 0.3% 363 0.3% 173 0.3% 265 0.2% 52 0.4% MOOKGOPONG MOOKGOPHONG 110 0.1% 182 0.2% 253 0.2% 165 0.3% 332 0.3% 48 0.4% LOCAL MUNICIPALITY OF BRITS 249 0.3% 349 0.4% 278 0.3% 163 0.3% 273 0.3% 32 0.3% MADIBENG INGWE BULWER 7 0.0% 40 0.0% 23 0.0% 158 0.3% 158 0.1% 152 1.3% SOL PLAATJIE KIMBERLEY 188 0.2% 347 0.4% 393 0.4% 157 0.3% 283 0.3% 27 0.2% KOU-KAMMA JOUBERTINA 93 0.1% 104 0.1% 41 0.0% 150 0.3% 185 0.2% 13 0.1% THABA CHWEU LYDENBURG 49 0.1% 295 0.3% 122 0.1% 148 0.3% 260 0.2% 36 0.3% THABAZIMBI THABAZIMBI 293 0.4% 280 0.3% 531 0.5% 146 0.3% 459 0.4% 19 0.2% GEORGE GEORGE 169 0.2% 511 0.5% 146 0.1% 143 0.3% 202 0.2% 8 0.1% EMFULENI VANDERBIJL PARK 175 0.2% 356 0.4% 766 0.7% 140 0.3% 202 0.2% 0 0.0% KNYSNA KNYSNA 336 0.4% 449 0.5% 94 0.1% 140 0.3% 186 0.2% 25 0.2% WESTONARIA WESTONARIA 28 0.0% 98 0.1% 140 0.1% 140 0.3% 150 0.1% 61 0.5% MPOFANA MOOI RIVER 54 0.1% 108 0.1% 64 0.1% 132 0.2% 159 0.1% 0 0.0% TOKOLOGO HERTZOGVILLE 123 0.2% 161 0.2% 101 0.1% 121 0.2% 151 0.1% 41 0.3% PHUMELELA VREDE 118 0.2% 222 0.2% 155 0.1% 118 0.2% 249 0.2% 6 0.0% MATZIKAMA VREDENDAL 30 0.0% 38 0.0% 50 0.0% 113 0.2% 157 0.1% 16 0.1% CAPE AGULHAS BREDASDORP 138 0.2% 49 0.1% 235 0.2% 112 0.2% 167 0.2% 25 0.2% LANGEBERG 97 0.1% 66 0.1% 67 0.1% 112 0.2% 155 0.1% 7 0.1% MSUKALIGWA ERMELO 97 0.1% 314 0.3% 187 0.2% 111 0.2% 192 0.2% 17 0.1% HESSEQUA RIVERSDALE 69 0.1% 110 0.1% 92 0.1% 109 0.2% 170 0.2% 15 0.1% LETSEMENG KOFFIEFONTEIN 64 0.1% 68 0.1% 210 0.2% 109 0.2% 294 0.3% 55 0.4% OTHER 12,616 16.4% 15,597 16.1% 15,172 14.2% 6,384 12.0% 13,866 12.9% 1,126 9.3% 77,098 97,136 106,726 53,122 107,515 12,128

18 2.1.2 Bonds

The bond activity (R Million) is:

Municipality Principal Town 2012 2013 2014 2015 YTD June 2015

CITY OF JOHANNESBURG JOHANNESBURG 20,516 24.8% 22,015 22.9% 21,712 23.7% 11,410 22.0% 3,417 22.5% CITY OF CAPE TOWN CAPE TOWN 13,114 15.9% 11,941 12.4% 15,212 16.6% 9,889 19.1% 2,391 15.8% CITY OF TSHWANE PRETORIA 7,607 9.2% 10,219 10.6% 6,120 6.7% 5,433 10.5% 1,509 10.0% ETHEKWINI DURBAN 6,644 8.0% 6,840 7.1% 7,270 7.9% 4,277 8.2% 1,691 11.2% EKURHULENI GERMISTON 8,397 10.2% 6,079 6.3% 10,793 11.8% 3,503 6.8% 1,044 6.9% KWADUKUZA STANGER 287 0.3% 372 0.4% 1,247 1.4% 1,537 3.0% 1,330 8.8% NELSON MANDELA BAY PORT ELIZABETH 1,712 2.1% 8,252 8.6% 3,400 3.7% 1,094 2.1% 388 2.6% BUFFALO CITY EAST LONDON 744 0.9% 847 0.9% 1,615 1.8% 849 1.6% 76 0.5% MANGAUNG BLOEMFONTEIN 1,327 1.6% 765 0.8% 1,002 1.1% 775 1.5% 247 1.6% EMALAHLENI WITBANK 624 0.8% 1,043 1.1% 463 0.5% 749 1.4% 0 0.0% THE MSUNDUZI PIETERMARITZBURG 594 0.7% 891 0.9% 1,177 1.3% 509 1.0% 77 0.5% RUSTENBURG RUSTENBURG 1,339 1.6% 1,345 1.4% 474 0.5% 447 0.9% 281 1.9% KOUGA JEFFREYS BAY 138 0.2% 88 0.1% 83 0.1% 438 0.8% 320 2.1% WITZENBERG CERES 101 0.1% 1,221 1.3% 361 0.4% 419 0.8% 40 0.3% GAMAGARA KATHU 25 0.0% 186 0.2% 430 0.5% 414 0.8% 0 0.0% STELLENBOSCH STELLENBOSCH 747 0.9% 1,744 1.8% 896 1.0% 379 0.7% 119 0.8% MBOMBELA NELSPRUIT 845 1.0% 1,463 1.5% 684 0.7% 374 0.7% 85 0.6% MERAFONG CITY CARLETONVILLE 17 0.0% 65 0.1% 42 0.0% 364 0.7% 349 2.3% BREEDE VALLEY WORCESTER 356 0.4% 449 0.5% 214 0.2% 352 0.7% 127 0.8% EMFULENI VANDERBIJL PARK 576 0.7% 1,271 1.3% 810 0.9% 298 0.6% 30 0.2% POLOKWANE POLOKWANE 159 0.2% 675 0.7% 173 0.2% 250 0.5% 35 0.2% LOCAL MUNICIPALITY OF MADIBENG BRITS 168 0.2% 445 0.5% 355 0.4% 232 0.4% 57 0.4% SUNDAYS RIVER VALLEY KIRKWOOD 100 0.1% 125 0.1% 104 0.1% 224 0.4% 0 0.0% GOVAN MBEKI SECUNDA 263 0.3% 305 0.3% 142 0.2% 219 0.4% 25 0.2% SOL PLAATJIE KIMBERLEY 237 0.3% 172 0.2% 225 0.2% 206 0.4% 61 0.4% STEVE TSHWETE MIDDELBURG 330 0.4% 422 0.4% 993 1.1% 191 0.4% 0 0.0% UMNGENI HOWICK 139 0.2% 300 0.3% 241 0.3% 179 0.3% 101 0.7% DRAKENSTEIN PAARL 461 0.6% 1,093 1.1% 391 0.4% 178 0.3% 44 0.3% WESTONARIA WESTONARIA 0 0.0% 0 0.0% 0 0.0% 167 0.3% 7 0.0% MATJHABENG WELKOM 179 0.2% 639 0.7% 843 0.9% 163 0.3% 28 0.2% GREATER TZANEEN TZANEEN 103 0.1% 335 0.3% 38 0.0% 160 0.3% 46 0.3% THULAMELA THOHOYANDOU 48 0.1% 15 0.0% 120 0.1% 157 0.3% 7 0.0% VICTOR KHANYE DELMAS 501 0.6% 372 0.4% 68 0.1% 153 0.3% 130 0.9% MPOFANA MOOI RIVER 33 0.0% 26 0.0% 26 0.0% 146 0.3% 13 0.1% SWELLENDAM SWELLENDAM 123 0.1% 27 0.0% 91 0.1% 137 0.3% 25 0.2% BLUE CRANE ROUTE SOMERSET EAST 99 0.1% 40 0.0% 57 0.1% 136 0.3% 30 0.2% MNQUMA BUTTERWORTH 180 0.2% 22 0.0% 20 0.0% 126 0.2% 0 0.0% TLOKWE CITY COUNCIL POTCHEFSTROOM 61 0.1% 438 0.5% 441 0.5% 117 0.2% 0 0.0% LANGEBERG ROBERTSON 143 0.2% 80 0.1% 87 0.1% 112 0.2% 0 0.0% KING SABATA DALINDYEBO MTHATA 201 0.2% 1,443 1.5% 105 0.1% 111 0.2% 10 0.1% DIHLABENG BETHLEHEM 101 0.1% 283 0.3% 117 0.1% 103 0.2% 0 0.0% LESEDI HEIDELBERG 7 0.0% 490 0.5% 0 0.0% 100 0.2% 0 0.0% MODIMOLLE MODIMOLLE 18 0.0% 203 0.2% 100 0.1% 99 0.2% 0 0.0% MOGALE CITY KRUGERSDORP 282 0.3% 1,051 1.1% 379 0.4% 94 0.2% 37 0.2% KNYSNA KNYSNA 295 0.4% 45 0.0% 20 0.0% 93 0.2% 7 0.0% BITOU PLETTENBERG BAY 50 0.1% 55 0.1% 73 0.1% 92 0.2% 37 0.2% UMHLATHUZE RICHARDS BAY 450 0.5% 296 0.3% 463 0.5% 91 0.2% 40 0.3% MOLEMOLE DENDRON 169 0.2% 6 0.0% 8 0.0% 90 0.2% 0 0.0% OVERSTRAND HERMANUS 152 0.2% 147 0.2% 237 0.3% 90 0.2% 22 0.1% OTHER OTHER 11,885 14.4% 9,568 9.9% 11,856 12.9% 4,126 8.0% 870 5.7% 82,647 96,214 91,778 51,852 15,153

19 The Market Share for the top municipalities are:

Municipality ABSA BIDVEST FIRSTRAND GRINDROD INVESTEC NEDBANK STANDARD TUHF

CITY OF CAPE TOWN 2012 3.8% 0.1% 14.4% 0.0% 30.4% 43.5% 7.7% 0.0% 2013 4.7% 0.0% 8.9% 0.0% 19.3% 55.3% 11.8% 0.0% 2014 6.4% 0.2% 7.4% 0.0% 24.7% 47.7% 13.6% 0.0% 2015 YTD 5.5% 0.0% 8.7% 1.9% 20.5% 37.2% 26.0% 0.0% Jul 2014 - Jun 2015 5.7% 0.1% 8.4% 1.0% 18.5% 44.7% 21.7% 0.0% June 2015 4.7% 0.0% 6.0% 0.5% 17.4% 53.1% 18.4% 0.0% CITY OF 2012 4.5% 0.2% 26.9% 0.1% 17.3% 29.2% 20.8% 0.9% JOHANNESBURG 2013 4.6% 0.1% 12.0% 1.4% 10.2% 44.0% 26.3% 1.4% 2014 4.2% 0.3% 5.8% 0.0% 26.3% 28.6% 32.8% 2.1% 2015 YTD 11.0% 0.1% 9.6% 0.0% 26.7% 29.3% 20.7% 2.6% Jul 2014 - Jun 2015 7.1% 0.2% 8.1% 0.0% 20.7% 27.7% 33.6% 2.6% June 2015 17.2% 0.2% 10.7% 0.0% 14.8% 41.2% 16.0% 0.0% CITY OF TSHWANE 2012 12.6% 0.1% 23.8% 0.8% 14.8% 20.1% 27.9% 0.0% 2013 7.1% 0.0% 4.7% 0.9% 20.8% 44.6% 21.5% 0.3% 2014 16.3% 0.0% 9.9% 0.0% 30.4% 34.7% 8.7% 0.0% 2015 YTD 2.0% 0.0% 3.4% 0.0% 20.0% 48.3% 26.3% 0.0% Jul 2014 - Jun 2015 4.1% 0.0% 7.2% 0.0% 18.7% 48.7% 21.3% 0.0% June 2015 1.7% 0.0% 2.9% 0.0% 21.7% 64.1% 9.6% 0.0% EKURHULENI 2012 6.1% 0.0% 23.5% 0.8% 24.2% 28.9% 16.4% 0.0% 2013 6.0% 0.5% 9.7% 0.0% 21.0% 48.3% 14.3% 0.2% 2014 6.9% 1.1% 20.9% 2.4% 32.1% 25.2% 11.3% 0.0% 2015 YTD 17.2% 0.0% 11.6% 0.0% 23.1% 35.3% 12.3% 0.5% Jul 2014 - Jun 2015 9.3% 1.3% 10.9% 0.0% 38.9% 29.8% 9.6% 0.2% June 2015 49.8% 0.0% 1.9% 0.0% 12.5% 35.8% 0.0% 0.0% ETHEKWINI 2012 3.7% 0.0% 16.1% 0.5% 29.9% 33.7% 16.1% 0.1% 2013 2.4% 0.0% 20.7% 1.2% 34.8% 33.2% 7.6% 0.0% 2014 6.0% 0.7% 12.6% 0.7% 19.5% 39.7% 20.2% 0.7% 2015 YTD 27.2% 0.0% 3.7% 0.3% 21.9% 30.6% 16.2% 0.2% Jul 2014 - Jun 2015 18.1% 0.0% 11.2% 0.1% 17.8% 30.0% 22.6% 0.2% June 2015 59.2% 0.0% 0.0% 0.7% 3.9% 29.1% 7.1% 0.0%

20 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 2012 2013 2014 2015 YTD Jul 2014 - Jun 2015 June 2015

CAPE TOWN - ATLANTIC SEABOARD 1,557 13.1% 1,557 12.2% 2,418 14.0% 1,730 17.8% 3,073 16.0% 333 14.4% CAPE TOWN - SOUTHERN SUBURBS 2,015 17.0% 2,306 18.1% 2,236 13.0% 1,705 17.5% 3,176 16.5% 655 28.3% CAPE TOWN - VOORTREKKER ROAD 1,523 12.8% 1,471 11.6% 2,421 14.1% 1,545 15.9% 3,162 16.4% 799 34.5% CAPE TOWN - CENTRAL 2,767 23.3% 2,795 21.9% 5,040 29.3% 1,370 14.1% 3,793 19.7% 133 5.7% CAPE TOWN - NORTHERN SUBURBS 1,042 8.8% 569 4.5% 1,012 5.9% 1,119 11.5% 1,844 9.6% 89 3.8% CAPE TOWN - TABLE VIEW 1,037 8.7% 2,438 19.1% 2,386 13.9% 1,083 11.1% 2,306 12.0% 124 5.4% CAPE TOWN - EAST 526 4.4% 525 4.1% 545 3.2% 554 5.7% 757 3.9% 127 5.5% CAPE TOWN - SOMERSET WEST 521 4.4% 724 5.7% 832 4.8% 400 4.1% 767 4.0% 54 2.3% CAPE TOWN - CAPE FLATS 882 7.4% 349 2.7% 326 1.9% 234 2.4% 384 2.0% 0 0.0% Total 11,871 12,733 17,215 9,741 19,261 2,313

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

Node 2012 2013 2014 2015 YTD Jul 2014 - Jun June 2015 2015 CAPE TOWN - CENTRAL 2,857 21.8% 2,929 24.5% 2,634 17.3% 2,343 23.7% 3,750 20.3% 826 34.6% CAPE TOWN - SOUTHERN SUBURBS 2,025 15.4% 1,638 13.7% 3,117 20.5% 2,323 23.5% 4,370 23.6% 379 15.8% CAPE TOWN - VOORTREKKER ROAD 1,909 14.6% 1,433 12.0% 1,982 13.0% 1,516 15.3% 2,671 14.4% 514 21.5% CAPE TOWN - TABLE VIEW 1,650 12.6% 2,988 25.0% 2,150 14.1% 1,055 10.7% 1,916 10.4% 18 0.7% CAPE TOWN - NORTHERN SUBURBS 1,842 14.0% 588 4.9% 1,332 8.8% 976 9.9% 2,154 11.6% 126 5.3% CAPE TOWN - ATLANTIC SEABOARD 1,141 8.7% 1,031 8.6% 2,218 14.6% 942 9.5% 2,173 11.7% 274 11.4% CAPE TOWN - EAST 627 4.8% 225 1.9% 810 5.3% 437 4.4% 881 4.8% 205 8.6% CAPE TOWN - SOMERSET WEST 408 3.1% 488 4.1% 595 3.9% 187 1.9% 285 1.5% 36 1.5% CAPE TOWN - CAPE FLATS 654 5.0% 620 5.2% 372 2.4% 108 1.1% 312 1.7% 14 0.6% Total 13,113 11,939 15,209 9,887 18,512 2,391

The Market Share is as follows:

22 23 The top commercial transactions greater than R5 million and limited to 50 for June 2015 are:

Rank Purchase Price Buyer Seller Erf Key Suburb Node

1 380,000,000 LANEMARK PTY LTD OLEUM PROP PTY LTD CAPE TOWN~22841~00000 MAITLAND CAPE TOWN - VOORTREKKER ROAD 2 192,878,200 TOWER PROP FUND LTD H B W GROUP PTY LTD CAPE TOWN~140700~00000 CLAREMONT CAPE TOWN - SOUTHERN SUBURBS 3 175,000,000 H B W GROUP PTY LTD PRIME ZONE PROP PTY LTD CAPE TOWN~140700~00000 CLAREMONT CAPE TOWN - SOUTHERN SUBURBS 4 81,815,667 PICK 'N PAY RETAILERS PTY LTD PICK 'N PAY NEWTON PARK PTY LTD MILNERTON~14467~00000 TABLE VIEW CAPE TOWN - TABLE VIEW 5 45,228,273 BARLOWORLD SOUTH AFRICA PTY LTD BUSINESS VENTURE INV NO 288 PTY BELLVILLE~34062~00000 BELLVILLE SOUTH INDUSTRIAL CAPE TOWN - VOORTREKKER ROAD LTD 6 45,000,000 RAPIPROP 12 PTY LTD WESTLAKE STORAGELAND PTY LTD CONSTANTIA~12782~00000 WESTLAKE ESTATE CAPE TOWN - SOUTHERN SUBURBS 7 45,000,000 TWIZZA PTY LTD TIGER CONSUMER BRANDS LTD BELLVILLE~24434~00000 BELLVILLE SOUTH INDUSTRIAL CAPE TOWN - VOORTREKKER ROAD 8 43,750,000 NOLANDS INCORPORATED SOUTHERN SPIRIT PROP 43 PTY LTD CAPE TOWN~159233~00000 MOWBRAY CAPE TOWN - VOORTREKKER ROAD 9 43,575,000 PAMAZINDA TRUST SEARDEL GROUP TRADING PTY LTD CAPE TOWN~117132~00000 EPPING INDUSTRIAL CAPE TOWN - VOORTREKKER ROAD 10 43,000,000 KENFORD DEVELOPMENT PTY LTD M I CUNNINGHAM TRUST HOUT BAY~2361~00000 LLANDUDNO CAPE TOWN - ATLANTIC SEABOARD 11 40,000,000 BELL HOUSE INV PTY LTD TANKTRUST CONSTANTIA~11568~00000 EAGLES NEST CAPE TOWN - SOUTHERN SUBURBS 12 38,050,000 VAN DER MERWE VENTER 20 PTY LTD STANDARD BANK PROP PTY LTD BRACKENFELL~21780~00000 BRACKENGATE BUSINESS PARK CAPE TOWN - EAST BRACKENFELL~21781~00000 BRACKENGATE BUSINESS PARK CAPE TOWN - EAST BRACKENFELL~21782~00000 BRACKENGATE BUSINESS PARK CAPE TOWN - EAST 13 35,340,000 CROMPTON TRADING PTY LTD ARGENT INDUSTRIAL INV PTY LTD CAPE TOWN~105668~00000 EPPING INDUSTRIAL CAPE TOWN - VOORTREKKER ROAD 14 35,130,450 XTRASPACE PROP PTY LTD OFF THE SHELF INV 235 PTY LTD CAPE TOWN~112687~00000 AIRPORT INDUSTRIA CAPE TOWN - VOORTREKKER ROAD 15 31,250,000 AFFIRMED INV PTY LTD EXPRESS MODEL TRADING 289 C C BIG BAY~68~00000 BIG BAY CAPE TOWN - TABLE VIEW 16 30,000,000 EAGLE CREEK INV 17 C C TAHLULA 010 PTY LTD FRESNAYE~1850~00000 FRESNAYE CAPE TOWN - ATLANTIC SEABOARD 17 29,000,000 AQUARELLA INV 468 SHARE BLOCK ACCELERATE PROP FUND LTD CAPE TOWN~170672~00000 ZONNEBLOEM CAPE TOWN - CENTRAL PTY LTD 18 25,600,000 CAPITALGRO PTY LTD DORMELL PROP 193 PTY LTD BELLVILLE~39227~00000 TYGER VALLEY CAPE TOWN - NORTHERN SUBURBS 19 25,000,000 43 VICTORIA ROAD CAMPS BAY C C LYONS JANICE FRESNAYE~1523~00000 FRESNAYE CAPE TOWN - ATLANTIC SEABOARD 20 23,000,000 BUSINESS VENTURE INV NO 1774 PTY UTHAYA SABITA NELLAMAKADA FRESNAYE~1719~00000 FRESNAYE CAPE TOWN - ATLANTIC SEABOARD LTD 21 22,280,000 WYNROETE TRUST G L C DEVELOPMENT PTY LTD BRACKENFELL~21922~00000 BRACKENFELL SOUTH CAPE TOWN - EAST 22 22,000,000 TAMRIC TRUST LEAVILLE ESTATES C C CAPE TOWN~94811~00000 GARDENS CAPE TOWN - CENTRAL 23 21,500,000 PHILANA INV C C HIRSCHMANN GEOFFREY CAMPS BAY~125~00000 BAKOVEN CAPE TOWN - ATLANTIC SEABOARD 24 21,000,000 A G N PROJECTS PTY LTD ENNYWON HOUSE PTY LTD CAPE TOWN~107323~00000 NDABENI CAPE TOWN - VOORTREKKER ROAD 25 21,000,000 ORION TRUST PROP PTY LTD P F A F F FAMILY TRUST BISHOPSCOURT~158~00000 BISHOPSCOURT CAPE TOWN - SOUTHERN SUBURBS 26 20,000,000 EXCELLERATE HOLDINGS LTD MAYVILLE INV PTY LTD BELLVILLE~31231~00000 OAKDALE CAPE TOWN - VOORTREKKER ROAD 27 20,000,000 DOUGLAS FAMILY TRUST SIMPSON ALAN KEITH HOUT BAY~1985~00000 LLANDUDNO CAPE TOWN - ATLANTIC SEABOARD 28 20,000,000 CAPE PENINSULA ORGANISATION FOR RIVERSIDE MANOR PTY LTD PINELANDS~3664~00000 PINELANDS CAPE TOWN - VOORTREKKER ROAD THE AGED 29 18,750,000 O G V HANCOCK TRUST 101 PINMORE TRUST CAPE TOWN~167804~00000 WATERFRONT CAPE TOWN - ATLANTIC SEABOARD 30 18,500,000 CAMPUSKEY PTY LTD WAVERLEY INV 3 PTY LTD CAPE TOWN~30547~00000 OBSERVATORY CAPE TOWN - CENTRAL CAPE TOWN~30548~00000 OBSERVATORY CAPE TOWN - CENTRAL 31 18,000,000 KARIN OSLER TRUST INNES LESLIE ANDREW ROSE TAMBOERSKLOOF~1113~00000 TAMBOERSKLOOF CAPE TOWN - CENTRAL 32 18,000,000 OCSAN INV ENTERPRISES PTY LTD SMITH JACOBUS HERMANUS FRESNAYE~1851~00000 FRESNAYE CAPE TOWN - ATLANTIC SEABOARD 33 17,900,000 K2015091333 SOUTH AFRICA PTY LTD FASTSERV TRADING 78 PTY LTD SOMERSET WEST~13019~00000 ERINVALE ESTATE CAPE TOWN - SOMERSET WEST 34 17,397,200 ODVEST 194 PTY LTD TELKOM S A LTD CAPE TOWN~119202~00000 RETREAT INDUSTRIAL CAPE TOWN - SOUTHERN SUBURBS 35 17,100,000 STORAGE R S A A P LUBBE BUILDING D L H VERONA PROP DEVELOPMENT DURBANVILLE~17350~00000 CAPE TOWN - NORTHERN SUBURBS PTY LTD PTY LTD 36 17,100,000 WYNROETE TRUST G L C DEVELOPMENT PTY LTD BRACKENFELL~22460~00000 BRACKENFELL SOUTH CAPE TOWN - EAST 37 16,750,000 101 PINMORE TRUST W H P INV PTY LTD CAPE TOWN~167804~00000 WATERFRONT CAPE TOWN - ATLANTIC SEABOARD 38 15,000,000 CHEETHAM FAMILY TRUST PAROW GENERAL GALVANISING PTY PAROW~9821~00000 BEACONVALE CAPE TOWN - VOORTREKKER ROAD LTD PAROW~9824~00000 BEACONVALE CAPE TOWN - VOORTREKKER ROAD 39 14,840,000 LIBSTAR OPERATIONS PTY LTD FINLAR FINE FOODS PTY LTD BELLVILLE~24503~00000 STIKLAND CAPE TOWN - VOORTREKKER ROAD 40 14,500,000 AKESO CAPE TOWN PROPS PTY LTD RISING SUN PROP HOLDINGS PTY LTD CONSTANTIA~9137~00000 CONSTANTIA HEIGHTS CAPE TOWN - SOUTHERN SUBURBS 41 14,250,000 REDEFINE PROP LTD LEAF PROP FUND TRUST CAPE TOWN~8504~00000 ZONNEBLOEM CAPE TOWN - CENTRAL CAPE TOWN~8505~00000 ZONNEBLOEM CAPE TOWN - CENTRAL 42 14,000,000 TAMRIC TRUST PAMAZINDA TRUST CAPE TOWN~24089~00000 MAITLAND CAPE TOWN - VOORTREKKER ROAD CAPE TOWN~24091~00000 MAITLAND CAPE TOWN - VOORTREKKER ROAD 43 13,820,000 KROMDRAAI FAMILY TRUST 2 MULLER HELMUT ORANJEZICHT~609~00000 ORANJEZICHT CAPE TOWN - CENTRAL 44 13,680,000 FOX STYLE TRADE PTY LTD 7074 DEVELOPMENT PTY LTD SOMERSET WEST~7074~00000 HELDERRAND CAPE TOWN - SOMERSET WEST 45 13,200,000 HURLYWOOD TRADING 7 PTY LTD MOOLCAMP PROP PTY LTD DURBANVILLE~2764~00000 DURBANVILLE CENTRAL CAPE TOWN - NORTHERN SUBURBS 46 12,750,000 K2012181326 S A PTY LTD FALCONVILLE INV PTY LTD STELLENBOSCH RD~454~00307 BLACKHEATH CAPE TOWN - EAST STELLENBOSCH RD~454~00568 CAPE TOWN - EAST 47 12,000,000 BLACKBEARD TRUST LA JOLLA TRUST CLIFTON~247~00000 CLIFTON CAPE TOWN - ATLANTIC SEABOARD 48 12,000,000 LILYPOND TRUST GILBERTSON ROBERT ALAN CAMERON CONSTANTIA~13252~00000 CAPE TOWN - SOUTHERN SUBURBS 49 11,400,000 K2014030863 PTY LTD BLACKSTONE DEVELOPMENTS PTY BRACKENFELL~21120~00000 BURGUNDY CAPE TOWN - EAST LTD 50 11,000,000 MARLINSPIKE TRUST SCHREIBER MICHELE LOUISE CAPE TOWN~170311~00000 STONEHURST MOUNTAIN ESTATE CAPE TOWN - SOUTHERN SUBURBS

Directors of these companies are:

Rank Buyer First Name Surname

1 LANEMARK PTY LTD ABU BAKER KHAN EBRAHIM KHAN ABDUL MANAN KHAN 2 TOWER PROP FUND LTD MARC GARETH EDWARDS 24 2 TOWER PROP FUND LTD MARTIN RADFORD EVANS NICOLA ROBYN MILNE JOHN ANDREW BESTER ATHI CANZI MAGWENTSHU JOANNE MABIN ANDREW DENNIS DALLING RAVENDERAN NAIDOO YAGAMBARAM KEITH BERNARD CRADDOCK HARRISON BRUCE HOWE KERSWILL 3 H B W GROUP PTY LTD 4 PICK 'N PAY RETAILERS PTY LTD RICHARD SCHALK JANSE VAN RENSBURG GARETH MARK ACKERMAN DEBRA ELLEN MULLER RICHARD WILLIAM PETER BRASHER 5 BARLOWORLD SOUTH AFRICA PTY LTD BARLOWORLD TRUST COMPANY BOIKANYO JOHANNA MAZIBUKO SIBANI MNGOMEZULU DOMINIC MALENTSHA SEWELA GALE ANTONETTE LEMMERT NORBERT LUDGER SPÄKER JOHANN EMMANUEL LEEKA MATTHEW GOVENDER SAMESHAN YANASEGRAN MOODLEY NEO PHAKAMA DONGWANA 6 RAPIPROP 12 PTY LTD PETER FRANCIS UNITE SCOTT GREIG HINDMARCH 7 TWIZZA PTY LTD 8 NOLANDS INCORPORATED GRAEME DONALD SAGGERS TENK LOUBSER INCORPORATED JEREMY PETERSEN FERDINAND CLOETE CLIVE GREGORY NOLAND MARK SCHULZE PAUL ALBERT ERASMUS DAVID JOHN MASTERTON ALLAN MUNDELL CRAIG GRAHAM STANSFIELD RAFAEL VINCENTE GOMES 9 PAMAZINDA TRUST 10 KENFORD DEVELOPMENT PTY LTD KISHORE MOHANDAS SAMTANI 11 BELL HOUSE INV PTY LTD JOHNATHAN WILFRED MYLREA 12 VAN DER MERWE VENTER 20 PTY LTD CRAIG DUDLEY MYBURGH IZAK JOHANNES VAN DER MERWE 13 CROMPTON TRADING PTY LTD RAJENDRA BALMAKHUN MALTHIDEVI BALMAKHUN 14 XTRASPACE PROP PTY LTD MARTHINUS THEUNIS LATEGAN ABRAHAM MARTHINUS SCHNEIDER JAMES ALEXANDER WILSON LESLIE MATUSON 15 AFFIRMED INV PTY LTD ADRIAN CHRISTOPHER KUTTEL 16 EAGLE CREEK INV 17 C C DAVID SEAN OCONNOR 17 AQUARELLA INV 468 SHARE BLOCK PTY LTD MARTIN EPSTEIN ANTHONY SEARLE WOLPERT JONATHAN HOWARD LEVY WILHELM NAUTA 18 CAPITALGRO PTY LTD NICHOLAS MORRIS CHARMAINE KATHLEEN LOYDALL RICHARD NEWINGTON DAY GAVIN RYAN KLERCK IVAN WILLIAM KLERCK GARY MORTON FISHER 19 43 VICTORIA ROAD CAMPS BAY C C BIAGINO STEFANUTTI TERESA STEFANUTTI 20 BUSINESS VENTURE INV NO 1774 PTY LTD KHOMOTSO BRIAN MOSEHLA 21 WYNROETE TRUST 22 TAMRIC TRUST 23 PHILANA INV C C 24 A G N PROJECTS PTY LTD ANDREW GRAHAM HISHIN 25 ORION TRUST PROP PTY LTD IAN WILLIAM SEFTON KILBRIDE 26 EXCELLERATE HOLDINGS LTD NICHOLAS THEODORO CHRISTODOULOU JAMES ERNST WELLSTED MATADINGWANA MICHAEL MOHOHLO MARNA VAN DER WALT RUDI STUMPF

25 26 EXCELLERATE HOLDINGS LTD ATHOL CRAIG STEWART GORDON GEORGE HULLEY 27 DOUGLAS FAMILY TRUST 28 CAPE PENINSULA ORGANISATION FOR THE AGED 29 O G V HANCOCK TRUST 30 CAMPUSKEY PTY LTD MARK MOUTON JAN CHRISTIAAN HEUNIS FRANCOIS ANTOIN JANSE VAN RENSBURG BENJAMIN NENO FRANCOIS JUNIUS HAASBROEK 31 KARIN OSLER TRUST 32 OCSAN INV ENTERPRISES PTY LTD SUSANNA MARIA OOSTHUIZEN MIRINDA OOSTHUIZEN OCKERT WESSEL OOSTHUIZEN KARIN BADENHORST OCKERT JACOBUS OOSTHUIZEN 33 K2015091333 SOUTH AFRICA PTY LTD 34 ODVEST 194 PTY LTD 35 STORAGE R S A A P LUBBE BUILDING PTY LTD ANDRE HJALMAR DU PREEZ ADRIAAN NICOLAAS VAN DER LINDE ANDRIES PETRUS LUBBES 37 101 PINMORE TRUST 38 CHEETHAM FAMILY TRUST 39 LIBSTAR OPERATIONS PTY LTD ANDRIES VLOK VAN RENSBURG TERENCE WILLIAM MILLAR SANDEEP KHANNA ASHISH PATEL ROBIN WALTER SMITH 40 AKESO CAPE TOWN PROPS PTY LTD ALON BERNARD APTEKER 41 REDEFINE PROP LTD GUNTER ZENO STEFFENS DAVID ALAN NATHAN PHUMZILE LANGENI MICHAEL JOHN RUTTLE MARC WAINER MICHAEL JOHN WATTERS DAVID HUW RICE HARISHKUMAR KANTILAL MEHTA ANDREW JOSEPH KONIG BERNARD NACKAN LEON CHRISTIAAN KOK 43 KROMDRAAI FAMILY TRUST 2 44 FOX STYLE TRADE PTY LTD FRIEDRICH WILHELM WEBER JAN HENDRIK SWIEGERS 45 HURLYWOOD TRADING 7 PTY LTD HESTER ALETTA ARCHER HERMIAS CORNELIUS STRAUSS HESTER ALETTA STRAUSS JOHANNA SUSANNA STRAUSS GERHARDUS JACOBUS ARCHER ADRIAAN PIETER HERMIAS CORNELIUS STRAUSS 46 K2012181326 S A PTY LTD 47 BLACKBEARD TRUST 48 LILYPOND TRUST 49 K2014030863 PTY LTD 50 MARLINSPIKE TRUST

The top commercial mortgages greater than R5 million and limited to 50 in June 2015 are:

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

1 500,000,000 GREEN WILLOWS PROP 9 PTY LTD NEDBANK CAPE TOWN~163045~00000 CAPE TOWN CENTRE CAPE TOWN - CENTRAL 201506 2 185,000,000 RABIE PROP GROUP PTY LTD NEDBANK MONTAGUE GARDENS~7010~00000 CENTURY CITY CAPE TOWN - TABLE VIEW 201411 3 180,000,000 TOWER PROP FUND LTD STANDARD CAPE TOWN~140700~00000 CLAREMONT CAPE TOWN - SOUTHERN 201506 SUBURBS 4 172,000,000 BLEND PROP 15 PTY LTD ABSA CAPE TOWN~95150~00000 CAPE TOWN CENTRE CAPE TOWN - CENTRAL 201310 5 150,000,000 CROMPTON TRADING PTY LTD NEDBANK CAPE TOWN~105668~00000 EPPING INDUSTRIAL CAPE TOWN - VOORTREKKER 201506 ROAD 6 142,000,000 CAMPUSKEY PTY LTD NEDBANK CAPE TOWN~30547~00000 OBSERVATORY CAPE TOWN - CENTRAL 201506 CAPE TOWN~30548~00000 OBSERVATORY CAPE TOWN - CENTRAL 201506 7 140,000,000 23 MAIN ROAD GREEN POINT PROP INVESTEC GREEN POINT~2156~00000 CAPE TOWN - ATLANTIC 201506 PTY LTD SEABOARD 8 85,000,000 STORAGE R S A A P LUBBE BUILDING NEDBANK DURBANVILLE~17350~00000 CAPE TOWN - NORTHERN 201506 PTY LTD SUBURBS 9 83,000,000 LEXSHELL 44 GENERAL TRADING PTY INVESTEC CAPE TOWN~149294~00000 WATERFRONT CAPE TOWN - SOUTHERN 201506 LTD SUBURBS 10 68,400,000 XTRASPACE PROP PTY LTD STANDARD CAPE TOWN~112687~00000 AIRPORT INDUSTRIA CAPE TOWN - VOORTREKKER 201506 ROAD

26 11 60,000,000 RITZ PLAZA PTY LTD NEDBANK SEA POINT EAST~1419~00000 THREE ANCHOR BAY CAPE TOWN - ATLANTIC 201506 SEABOARD 12 50,000,000 BESPOKE KINGS PROP GROUP C C ABSA CAPE TOWN~177343~00000 CAPE TOWN CENTRE CAPE TOWN - CENTRAL 201506 13 50,000,000 SAGE INV TRUST FIRSTRAND ROGGEBAAI~225~00000 CAPE TOWN - CENTRAL 201506 ROGGEBAAI~42~00000 ROGGEBAAI CAPE TOWN - CENTRAL 201506 ROGGEBAAI~43~00000 ROGGEBAAI CAPE TOWN - CENTRAL 201506 ROGGEBAAI~44~00000 ROGGEBAAI CAPE TOWN - CENTRAL 201506 ROGGEBAAI~45~00000 ROGGEBAAI CAPE TOWN - CENTRAL 201506 ROGGEBAAI~46~00000 ROGGEBAAI CAPE TOWN - CENTRAL 201506 14 50,000,000 BRAIT INV LTD NEDBANK CAPE TOWN~101643~00000 EPPING INDUSTRIAL CAPE TOWN - VOORTREKKER 201506 ROAD 50,000,000 HI PRIME PROP INV PTY LTD NEDBANK CAPE TOWN~101643~00000 EPPING INDUSTRIAL CAPE TOWN - VOORTREKKER 201506 ROAD 15 46,750,000 BLACKSTONE DEVELOPMENTS PTY INVESTEC BRACKENFELL~21120~00000 BURGUNDY CAPE TOWN - EAST 201506 LTD 16 45,000,000 RAPIPROP 12 PTY LTD STANDARD CONSTANTIA~12782~00000 WESTLAKE ESTATE CAPE TOWN - SOUTHERN 201506 SUBURBS 17 45,000,000 TWIZZA PTY LTD FIRSTRAND BELLVILLE~24434~00000 BELLVILLE SOUTH INDUSTRIAL CAPE TOWN - VOORTREKKER 201506 ROAD 18 45,000,000 FINITEX PTY LTD NEDBANK PAROW~22461~00000 BEACONVALE CAPE TOWN - VOORTREKKER 201506 ROAD 19 39,000,000 ZININGI PROP PTY LTD INVESTEC KUILS RIVER~11741~00000 DE KUILEN CAPE TOWN - EAST 201506 KUILS RIVER~5889~00000 DE KUILEN CAPE TOWN - EAST 201506 KUILS RIVER~5890~00000 DE KUILEN CAPE TOWN - EAST 201506 KUILS RIVER~7792~00000 DE KUILEN CAPE TOWN - EAST 201506 20 35,600,000 STANDARD BANK PROP PTY LTD STANDARD BRACKENFELL~21780~00000 BRACKENGATE BUSINESS PARK CAPE TOWN - EAST 201506 BRACKENFELL~21782~00000 BRACKENGATE BUSINESS PARK CAPE TOWN - EAST 201506 35,600,000 VAN DER MERWE VENTER 20 PTY STANDARD BRACKENFELL~21781~00000 BRACKENGATE BUSINESS PARK CAPE TOWN - EAST 201506 LTD 21 35,000,000 BLOK URBAN LIVING PTY LTD NEDBANK SEA POINT WEST~1243~00000 CAPE TOWN - ATLANTIC 201412 SEABOARD 22 30,000,000 SEARDEL GROUP TRADING PTY LTD NEDBANK CAPE TOWN~117132~00000 EPPING INDUSTRIAL CAPE TOWN - VOORTREKKER 201506 ROAD 23 30,000,000 CAPE TOWN 2 PROP PTY LTD NEDBANK CAPRICORN~2481~00000 CAPE TOWN - SOUTHERN 201506 SUBURBS 24 30,000,000 PRIME POINT PROP TRUST NEDBANK GREEN POINT~2066~00000 GREEN POINT CAPE TOWN - ATLANTIC 201506 SEABOARD 25 30,000,000 BELSIZE PARK PROP PTY LTD INVESTEC MILNERTON~37223~00000 CAPE TOWN - TABLE VIEW 201201 26 29,700,000 XTRASPACE PROP PTY LTD STANDARD BELLVILLE~40756~00000 CAPE TOWN - VOORTREKKER 201506 ROAD 27 28,500,000 DVILLE SQUARE PTY LTD INVESTEC DURBANVILLE~19681~00000 CAPE TOWN - NORTHERN 201506 SUBURBS 28 25,000,000 TAMRIC TRUST STANDARD CAPE TOWN~94811~00000 GARDENS CAPE TOWN - CENTRAL 201506 29 25,000,000 A G N PROJECTS PTY LTD NEDBANK CAPE TOWN~107323~00000 NDABENI CAPE TOWN - VOORTREKKER 201506 ROAD 30 22,000,000 JUMIDA INV C C OTHER BANK WETTON~482~00000 WETTON CAPE TOWN - CAPE FLATS 201506 31 20,000,000 SIMPSON ALAN KEITH NEDBANK HOUT BAY~1985~00000 LLANDUDNO CAPE TOWN - ATLANTIC 201506 SEABOARD 32 20,000,000 SIDEWINDER PROP HOLDINGS PTY INVESTEC RUSTDAL~616~00000 SAXENBURG INDUSTRIA CAPE TOWN - EAST 201506 LTD 33 20,000,000 WYNROETE TRUST ABSA BRACKENFELL~21922~00000 BRACKENFELL SOUTH CAPE TOWN - EAST 201506 34 20,000,000 23 MAIN ROAD GREEN POINT PROP INVESTEC GREEN POINT~2156~00000 CAPE TOWN - ATLANTIC 201409 PTY LTD SEABOARD 35 19,000,000 SUPERSTRIKE INV 52 PTY LTD NEDBANK CAPE TOWN~159961~00000 DE WATERKANT CAPE TOWN - CENTRAL 201407 36 18,000,000 WYNROETE TRUST ABSA BRACKENFELL~22460~00000 BRACKENFELL SOUTH CAPE TOWN - EAST 201506 37 15,500,000 XTRASPACE PROP PTY LTD STANDARD BELLVILLE~33182~00000 BELGRAVIA CAPE TOWN - VOORTREKKER 201506 ROAD 38 15,000,000 SOUTHERN SPIRIT PROP 58 PTY LTD NEDBANK CAPE TOWN~14732~00000 WOODSTOCK CAPE TOWN - CENTRAL 201506 GOODWOOD~3102~00000 TOWNSEND ESTATE CAPE TOWN - VOORTREKKER 201506 ROAD GOODWOOD~3103~00000 TOWNSEND ESTATE CAPE TOWN - VOORTREKKER 201506 ROAD GOODWOOD~3104~00000 TOWNSEND ESTATE CAPE TOWN - VOORTREKKER 201506 ROAD 39 15,000,000 THORCAN TRUST NEDBANK CAPE TOWN~152674~00000 GARDENS CAPE TOWN - CENTRAL 201506 40 14,000,000 SIMPLY COUNTING 004 PTY LTD NEDBANK STRAND~33296~00000 ASLA BUSINESS PARK CAPE TOWN - SOMERSET WEST 201506 41 13,000,000 ODVEST 194 PTY LTD NEDBANK CAPE TOWN~119202~00000 RETREAT INDUSTRIAL CAPE TOWN - SOUTHERN 201506 SUBURBS 42 11,000,000 ADSAM PROP PTY LTD GRINDROD CAPE TOWN~158779~00000 VIKING VILLAGE CAPE TOWN - VOORTREKKER 201506 ROAD CAPE TOWN~158780~00000 VIKING VILLAGE CAPE TOWN - VOORTREKKER 201506 ROAD 43 10,500,000 CHEETHAM FAMILY TRUST STANDARD PAROW~9821~00000 BEACONVALE CAPE TOWN - VOORTREKKER 201506 ROAD PAROW~9824~00000 BEACONVALE CAPE TOWN - VOORTREKKER 201506 ROAD 44 10,150,000 AKESO CAPE TOWN PROPS PTY LTD INVESTEC CONSTANTIA~9137~00000 CONSTANTIA HEIGHTS CAPE TOWN - SOUTHERN 201506 SUBURBS 45 10,057,000 FALCONVILLE INV PTY LTD ABSA STELLENBOSCH RD~454~00307 BLACKHEATH CAPE TOWN - EAST 201506 STELLENBOSCH RD~454~00568 CAPE TOWN - EAST 201506 46 10,000,000 CAPE LIVING DEVELOPMENTS PTY FIRSTRAND CAPE TOWN~174156~00000 CAPE TOWN CENTRE CAPE TOWN - CENTRAL 201506 LTD 47 10,000,000 SOUTHERN SPIRIT PROP 230 PTY LTD FIRSTRAND CAPE TOWN~172886~00000 BROOKLYN CAPE TOWN - CENTRAL 201506 48 9,500,000 ERF 20183 KILLARNEY PTY LTD FIRSTRAND MILNERTON~20190~00000 KILLARNEY INDUSTRIA CAPE TOWN - TABLE VIEW 201506 MILNERTON~25941~00000 KILLARNEY INDUSTRIA CAPE TOWN - TABLE VIEW 201506 49 9,000,000 PAARDEVLEI PROP PTY LTD INVESTEC SOMERSET WEST~17956~00000 SOMERSET WEST RETAIL PARK CAPE TOWN - SOMERSET WEST 201506 50 8,000,000 E H RAWOOT FAMILY TRUST NEDBANK HOUT BAY~2787~00000 BEACH ESTATE CAPE TOWN - ATLANTIC 201506 SEABOARD HOUT BAY~7900~00000 BEACH ESTATE CAPE TOWN - ATLANTIC 201506 SEABOARD

27 Directors of these companies are:

Rank Buyer First Name Surname

1 GREEN WILLOWS PROP 9 PTY LTD HUSSEINALI HIRJI SAMIRA HIRJI 2 RABIE PROP GROUP PTY LTD COLIN ANDERSON LEON HOWARD COHEN 3 TOWER PROP FUND LTD MARC GARETH EDWARDS MARTIN RADFORD EVANS NICOLA ROBYN MILNE JOHN ANDREW BESTER ATHI CANZI MAGWENTSHU JOANNE MABIN ANDREW DENNIS DALLING RAVENDERAN NAIDOO YAGAMBARAM KEITH BERNARD CRADDOCK HARRISON BRUCE HOWE KERSWILL 4 BLEND PROP 15 PTY LTD ARTHUR GAVIN GILLIS MARTIN EPSTEIN ANTHONY SEARLE WOLPERT JONATHAN HOWARD LEVY 5 CROMPTON TRADING PTY LTD RAJENDRA BALMAKHUN MALTHIDEVI BALMAKHUN 6 CAMPUSKEY PTY LTD MARK MOUTON JAN CHRISTIAAN HEUNIS FRANCOIS ANTOIN JANSE VAN RENSBURG BENJAMIN NENO FRANCOIS JUNIUS HAASBROEK 7 23 MAIN ROAD GREEN POINT PROP PTY LTD MICHAEL NAFTALI FLAX ABUBAKER VARACHHIA QUINTIN MICHAEL ROSSI RYAN FARREN JOFFE 8 STORAGE R S A A P LUBBE BUILDING PTY LTD ANDRE HJALMAR DU PREEZ ADRIAAN NICOLAAS VAN DER LINDE ANDRIES PETRUS LUBBES 9 LEXSHELL 44 GENERAL TRADING PTY LTD LEON NORBERT SASSE SEBENZILE PATRICK MNGCONKOLA RENEE DENTE ESTIENNE KONRAD DE KLERK ABEL MOFFAT SITHOLE RUDOLF GROBLER PIENAAR STEPHANUS ABRAHAM LE ROUX JOACOBUS FRANCOIS MARAIS ENGELBERT BINEDELL VUYANI WELLINGTON HAKO 10 XTRASPACE PROP PTY LTD MARTHINUS THEUNIS LATEGAN ABRAHAM MARTHINUS SCHNEIDER JAMES ALEXANDER WILSON LESLIE MATUSON 11 RITZ PLAZA PTY LTD SHARON GAIL CARADOC-DAWIES JARREN JAKE HURWITZ SIMEON ZONI HURWITZ BARNEY HURWITZ 12 BESPOKE KINGS PROP GROUP C C DAVID ANTHONY LINDER 13 SAGE INV TRUST 14 BRAIT INV LTD HI PRIME PROP INV PTY LTD STEVEN BERNARD HERRING 15 BLACKSTONE DEVELOPMENTS PTY LTD 16 RAPIPROP 12 PTY LTD PETER FRANCIS UNITE SCOTT GREIG HINDMARCH 17 TWIZZA PTY LTD 18 FINITEX PTY LTD JOACHIM PAUL ARNOLD KUMPERS HARALD PETER THEODOR KUMPERS SEBASTIAN 19 ZININGI PROP PTY LTD DEREK BRITTAIN ROBERT EDWARD ALEXANDER 20 VAN DER MERWE VENTER 20 PTY LTD CRAIG DUDLEY MYBURGH IZAK JOHANNES VAN DER MERWE STANDARD BANK PROP PTY LTD ALEXANDER ROBERT RORISTON STEWART SHAW-TAYLOR STUART WAETZEL GARY JOHN GARRETT 28 21 BLOK URBAN LIVING PTY LTD 22 SEARDEL GROUP TRADING PTY LTD 23 CAPE TOWN 2 PROP PTY LTD GONASEELAN VERESAMY POONAN BEN JACOBUS SCHOONWINKEL DAVID GERALD WILLIAMS-JONES TIMOTHY DAVID WATKINS-BAKER HENDRIK JACOBUS RUST BARNARD DAVID ERIC JAMES 24 PRIME POINT PROP TRUST 25 BELSIZE PARK PROP PTY LTD JOHN ALFRED SHERRY MARIO SANTE DEL FANTE 27 DVILLE SQUARE PTY LTD ANDREW IBBOTSON WESSEL JOHANNES KRIEK DANIËL BARTHOLOMEUS LE ROUX PHILLIP LAWRENCE VICTOR 28 TAMRIC TRUST 29 A G N PROJECTS PTY LTD ANDREW GRAHAM HISHIN 30 JUMIDA INV C C AZEEM SAYED KHALIL AHMED SAYED 31 SIMPSON ALAN KEITH 32 SIDEWINDER PROP HOLDINGS PTY LTD GARY WAYNE FERGUSON JOHN PETER SEARLE 33 WYNROETE TRUST 35 SUPERSTRIKE INV 52 PTY LTD BRUCE PERRY CLAYTON DAVID LESLIE WATSON 38 SOUTHERN SPIRIT PROP 58 PTY LTD THE PERSONAL TOUCH SECRETARIAL SERVICES JOHANNES DIEDERIK VAN HEERDEN 39 THORCAN TRUST 40 SIMPLY COUNTING 004 PTY LTD JURGENS JOHANNES VAN ZYL 41 ODVEST 194 PTY LTD 42 ADSAM PROP PTY LTD 43 CHEETHAM FAMILY TRUST 44 AKESO CAPE TOWN PROPS PTY LTD ALON BERNARD APTEKER 45 FALCONVILLE INV PTY LTD 46 CAPE LIVING DEVELOPMENTS PTY LTD NICHOLAAS CORNELUIS VAN HUYSSTEEN DANIEL BOOYSENS STEYN 47 SOUTHERN SPIRIT PROP 230 PTY LTD JUSTIN FRANK HARDCASTLE ROBERT DIRK KEMP 48 ERF 20183 KILLARNEY PTY LTD PETER ANDREA EMPEDOCLES 49 PAARDEVLEI PROP PTY LTD AECI KAMLASAGARIN MARK KATHAN NEIL HAYES MARK ANTHONY DYTOR 50 E H RAWOOT FAMILY TRUST

29 2.1.2 City of Johannesburg

The transactional activity (R Million) is as follows:

Node 2012 2013 2014 2015 YTD Jul 2014 - Jun June 2015 2015 JOHANNESBURG - SANDTON 1,671 10.8% 2,757 13.6% 4,474 14.7% 1,861 18.0% 4,020 16.5% 1,078 44.1% JOHANNESBURG - ROSEBANK/MELROSE 2,497 16.1% 2,330 11.5% 1,567 5.1% 1,385 13.4% 2,091 8.6% 81 3.3% JOHANNESBURG - CBD/BRAAMFONTEIN 1,219 7.9% 1,669 8.2% 1,952 6.4% 939 9.1% 1,735 7.1% 313 12.8% JOHANNESBURG - FOURWAYS/NORTHGATE 769 5.0% 1,415 7.0% 3,740 12.3% 1,026 9.9% 1,757 7.2% 144 5.9% JOHANNESBURG - BRYANSTON 872 5.6% 829 4.1% 1,711 5.6% 980 9.5% 1,822 7.5% 134 5.5% JOHANNESBURG - MIDRAND/KYALAMI 1,045 6.8% 2,012 9.9% 2,167 7.1% 696 6.7% 2,089 8.6% 214 8.7% JOHANNESBURG - WEST 638 4.1% 1,315 6.5% 3,080 10.1% 811 7.9% 2,725 11.2% 77 3.1% JOHANNESBURG - SUNNINGHILL/RIVONIA 1,112 7.2% 731 3.6% 1,404 4.6% 728 7.0% 1,076 4.4% 53 2.2% JOHANNESBURG - LINBRO PARK/GREENSTONE 968 6.3% 767 3.8% 1,864 6.1% 269 2.6% 1,485 6.1% 92 3.8% JOHANNESBURG - RANDBURG 646 4.2% 2,347 11.5% 804 2.6% 281 2.7% 683 2.8% 62 2.5% EKURHULENI - BEDFORDVIEW 1,444 9.3% 1,792 8.8% 1,998 6.6% 269 2.6% 1,779 7.3% 66 2.7% JOHANNESBURG - SOWETO/ORANGE FARM 289 1.9% 252 1.2% 540 1.8% 312 3.0% 367 1.5% 0 0.0% JOHANNESBURG - DENVER/KENSINGTON/BRUMA 275 1.8% 213 1.0% 750 2.5% 169 1.6% 526 2.2% 91 3.7% JOHANNESBURG - HOUGHTON ESTATE 474 3.1% 459 2.3% 983 3.2% 176 1.7% 615 2.5% 19 0.8% JOHANNESBURG - WYNBERG 439 2.8% 317 1.6% 1,154 3.8% 169 1.6% 460 1.9% 7 0.3% JOHANNESBURG - PARKTOWN 712 4.6% 440 2.2% 1,481 4.9% 99 1.0% 428 1.8% 16 0.6% JOHANNESBURG - CRESTA/FAIRLAND 262 1.7% 286 1.4% 381 1.3% 104 1.0% 356 1.5% 0 0.0% NOT ALLOCATED 147 0.9% 399 2.0% 411 1.3% 53 0.5% 322 1.3% 0 0.0% Total 15,478 20,328 30,463 10,327 24,338 2,447

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

Node 2012 2013 2014 2015 YTD Jul 2014 - Jun 2015 June 2015

JOHANNESBURG - SANDTON 3,273 16.0% 3,339 15.2% 5,263 24.2% 2,578 22.6% 3,740 16.1% 1,519 44.4% JOHANNESBURG - ROSEBANK/MELROSE 1,519 7.4% 1,709 7.8% 4,067 18.7% 1,252 11.0% 4,738 20.4% 603 17.6% JOHANNESBURG - LINBRO PARK/GREENSTONE 3,115 15.2% 3,100 14.1% 1,709 7.9% 1,122 9.8% 1,704 7.4% 82 2.4% JOHANNESBURG - FOURWAYS/NORTHGATE 1,366 6.7% 2,055 9.3% 1,873 8.6% 1,027 9.0% 2,042 8.8% 115 3.4% JOHANNESBURG - MIDRAND/KYALAMI 1,000 4.9% 1,068 4.9% 948 4.4% 991 8.7% 1,543 6.7% 368 10.8% JOHANNESBURG - BRYANSTON 3,124 15.2% 905 4.1% 667 3.1% 743 6.5% 1,058 4.6% 236 6.9% JOHANNESBURG - CBD/BRAAMFONTEIN 768 3.7% 3,212 14.6% 951 4.4% 687 6.0% 1,156 5.0% 104 3.0% JOHANNESBURG - SUNNINGHILL/RIVONIA 861 4.2% 2,183 9.9% 735 3.4% 530 4.6% 839 3.6% 59 1.7% EKURHULENI - BEDFORDVIEW 1,063 5.2% 906 4.1% 478 2.2% 483 4.2% 715 3.1% 59 1.7% JOHANNESBURG - WEST 1,072 5.2% 766 3.5% 636 2.9% 466 4.1% 844 3.6% 36 1.0% JOHANNESBURG - RANDBURG 357 1.7% 569 2.6% 629 2.9% 417 3.7% 854 3.7% 66 1.9% JOHANNESBURG - SOWETO/ORANGE FARM 603 2.9% 762 3.5% 199 0.9% 362 3.2% 544 2.3% 46 1.3% JOHANNESBURG - HOUGHTON ESTATE 278 1.4% 277 1.3% 437 2.0% 230 2.0% 481 2.1% 46 1.3% JOHANNESBURG - WYNBERG 314 1.5% 191 0.9% 585 2.7% 182 1.6% 491 2.1% 41 1.2% JOHANNESBURG - CRESTA/FAIRLAND 306 1.5% 225 1.0% 379 1.7% 148 1.3% 467 2.0% 0 0.0% JOHANNESBURG - 328 1.6% 160 0.7% 259 1.2% 134 1.2% 305 1.3% 10 0.3% DENVER/KENSINGTON/BRUMA JOHANNESBURG - PARKTOWN 436 2.1% 376 1.7% 367 1.7% 51 0.4% 284 1.2% 28 0.8% NOT ALLOCATED 727 3.5% 211 1.0% 1,529 7.0% 7 0.1% 1,372 5.9% 0 0.0% EKURHULENI - KEMPTON PARK 8 0.0% 0 0.0% 0 0.0% 0 0.0% 0 0.0% 0 0.0% Total 20,514 22,013 21,711 11,409 23,177 3,417

The Market Share is as follows:

31 32 The top commercial transactions greater than R5 million and limited to 50 for June 2015 are:

Rank Purchase Price Buyer Seller Erf Key Suburb Node

1 485,640,000 PIVOTAL FUND LTD STANDARD BANK PROP PTY LTD SANDHURST~241~00001 SANDHURST JOHANNESBURG - SANDTON 2 201,280,000 S A RETAIL PROP PTY LTD FIRSTRAND BANK LTD MORNINGSIDE~1735~00000 MORNINGSIDE JOHANNESBURG - SANDTON 3 143,060,846 140 WEST STREET TRUST TRUZEN 67 TRUST SANDOWN~8~00003 SANDOWN JOHANNESBURG - SANDTON 4 101,000,000 TORTELLO INV 143 RF PTY LTD BUSINESS VENTURE INV NO 1388 PTY LTD BEREA~1383~00000 BEREA JOHANNESBURG - CBD/BRAAMFONTEIN 5 89,600,000 CAPITAL PROPFUND 1 PTY LTD CAPITAL PROP TRUST BRYANSTON~5530~00002 BRYANSTON JOHANNESBURG - BRYANSTON BRYANSTON~73~00000 BRYANSTON JOHANNESBURG - BRYANSTON 6 84,000,000 DELTA PROP FUND LTD 142 - 144 4TH STREET PARKMORE PTY LTD PARKMORE JHB~1408~00000 PARKMORE JOHANNESBURG - SANDTON PARKMORE JHB~1408~00003 PARKMORE JOHANNESBURG - SANDTON 7 75,250,466 KYALAMI RETAIL VILLAGE PTY LTD SHOPRITE CHECKERS PTY LTD JR~406~00700 JOHANNESBURG - MIDRAND/KYALAMI JR~406~00702 JOHANNESBURG - MIDRAND/KYALAMI JR~406~00703 JOHANNESBURG - MIDRAND/KYALAMI PIVOTAL FUND LTD SHOPRITE CHECKERS PTY LTD JR~406~00700 JOHANNESBURG - MIDRAND/KYALAMI JR~406~00702 JOHANNESBURG - MIDRAND/KYALAMI JR~406~00703 JOHANNESBURG - MIDRAND/KYALAMI 8 66,874,580 HARITH PROP SANDTON PTY LTD FRIEDSHELF 422 PTY LTD CHISLEHURSTON~44~00005 JOHANNESBURG - SANDTON 9 65,000,000 TENDOPAX PTY LTD KERSHENDALE PROP PTY LTD MARSHALLSTOWN~11~00000 MARSHALLSTOWN JOHANNESBURG - CBD/BRAAMFONTEIN MARSHALLSTOWN~2~00000 MARSHALLSTOWN JOHANNESBURG - CBD/BRAAMFONTEIN 10 48,400,000 AFHCO HOLDINGS PTY LTD GREENFIELD NEWGATE PTY LTD NEWTOWN~595~00000 NEWTOWN JOHANNESBURG - CBD/BRAAMFONTEIN 11 45,600,000 ELLIOTT MOBILITY PTY LTD ANSLEY PROP HOLDINGS PTY LTD COMMERCIA~25~00000 COMMERCIA JOHANNESBURG - MIDRAND/KYALAMI COMMERCIA~26~00000 COMMERCIA JOHANNESBURG - MIDRAND/KYALAMI COMMERCIA~27~00000 COMMERCIA JOHANNESBURG - MIDRAND/KYALAMI 12 45,200,000 S A RETAIL PROP PTY LTD S A CORPORATE REAL ESTATE TRUST IR~92~00692 JOHANNESBURG OPEN SPACE JOHANNESBURG - DENVER/KENSINGTON/BRUMA 13 40,000,000 MIZOLUX CC H SANTOS RESIDENTIAL DEVELOPMENTS KENSINGTON~8172~00000 KENSINGTON JOHANNESBURG - CC DENVER/KENSINGTON/BRUMA KENSINGTON~8173~00000 KENSINGTON JOHANNESBURG - DENVER/KENSINGTON/BRUMA 14 38,213,615 ZENDAI RESIDENTIAL PTY LTD ZENDAI DEV SOUTH AFRICA PTY LTD FOUNDERS HILL~17~00000 MODDERFONTEIN INDUSTRIAL JOHANNESBURG - LINBRO PARK/GREENSTONE 15 32,500,000 LISACRAFT PTY LTD PART CONCEPTS PTY LTD SELBY~365~00000 SELBY EKURHULENI - BEDFORDVIEW SELBY~366~00000 SELBY EKURHULENI - BEDFORDVIEW SELBY~367~00000 SELBY EKURHULENI - BEDFORDVIEW SELBY~368~00000 SELBY EKURHULENI - BEDFORDVIEW 16 32,500,000 DASHING-ANGLO DIRECT DIVISION NORTH HARBOUR PROP TRUST FONTAINEBLEAU~699~00022 FONTAINEBLEAU JOHANNESBURG - RANDBURG CC 17 32,480,582 ARROWHEAD PROP LTD ARTISANS TRUST CITY & SUBURBAN~1160~00000 CITY & SUBURBAN JOHANNESBURG - CBD/BRAAMFONTEIN CITY & SUBURBAN~1227~00000 CITY & SUBURBAN JOHANNESBURG - CBD/BRAAMFONTEIN CITY & SUBURBAN~649~00000 CITY & SUBURBAN JOHANNESBURG - CBD/BRAAMFONTEIN CITY & SUBURBAN~871~00000 CITY & SUBURBAN JOHANNESBURG - CBD/BRAAMFONTEIN CITY & SUBURBAN~872~00000 CITY & SUBURBAN JOHANNESBURG - CBD/BRAAMFONTEIN CITY & SUBURBAN~873~00000 CITY & SUBURBAN JOHANNESBURG - CBD/BRAAMFONTEIN NEW DOORNFONTEIN~651~00000 NEW DOORNFONTEIN JOHANNESBURG - CBD/BRAAMFONTEIN NEW DOORNFONTEIN~652~00000 NEW DOORNFONTEIN JOHANNESBURG - CBD/BRAAMFONTEIN NEW DOORNFONTEIN~882~00000 NEW DOORNFONTEIN JOHANNESBURG - CBD/BRAAMFONTEIN NEW DOORNFONTEIN~883~00000 NEW DOORNFONTEIN JOHANNESBURG - CBD/BRAAMFONTEIN MORE PROPERTIES ON TITLE DEED 18 30,000,000 JOHANNESBURG SOCIAL HOUSING HOUSING DEVELOPMENT AGENCY JOHANNESBURG~4570~00000 JOHANNESBURG CENTRAL JOHANNESBURG - CO PTY LTD CBD/BRAAMFONTEIN JOHANNESBURG~4897~00000 JOUBERT PARK JOHANNESBURG - CBD/BRAAMFONTEIN 19 30,000,000 B G H FERNDALE PTY LTD BENTEL HEIDI VERONICA JQ~535~00080 JOHANNESBURG - FOURWAYS/NORTHGATE 20 29,300,000 CITIQ COMMERCIAL PTY LTD JIKA PROP PTY LTD NEWTOWN~31~00000 NEWTOWN JOHANNESBURG - CBD/BRAAMFONTEIN NEWTOWN~32~00000 NEWTOWN JOHANNESBURG - CBD/BRAAMFONTEIN NEWTOWN~33~00000 NEWTOWN JOHANNESBURG - CBD/BRAAMFONTEIN 21 28,100,000 SA RETAIL PROP PTY LTD MARTPROP PROP TRUST SCHEME ILLOVO~44~00000 ILLOVO JOHANNESBURG - ROSEBANK/MELROSE 22 27,720,000 SILVER MEADOW PROP 142 PTY LTD FOUNTAINHEAD PROP TRUST SCHEME RANDJESPARK~225~00000 RANDJESPARK JOHANNESBURG - MIDRAND/KYALAMI 23 27,000,000 LIVEWELL DEVCO 1 PTY LTD HURLYWOOD TRADING 15 CC BRYANSTON~888~00000 BRYANSTON JOHANNESBURG - BRYANSTON BRYANSTON~889~00000 BRYANSTON JOHANNESBURG - BRYANSTON BRYANSTON~891~00000 BRYANSTON JOHANNESBURG - BRYANSTON

33 24 25,725,720 RAISON D'ETRE TRUST M R X 92 INV HOLDINGS PTY LTD SANDOWN~16~00000 SANDOWN JOHANNESBURG - SANDTON 25 25,409,460 HERIOT PROP PTY LTD BARROW PROP PTY LTD MELROSE NORTH~181~00001 MELROSE ARCH JOHANNESBURG - ROSEBANK/MELROSE 26 24,957,083 CAPITAL PROPFUND 1 PTY LTD MONYETLA PROP HOLDINGS PTY LTD EDENBURG PTA~239~00000 WOODMEAD JOHANNESBURG - SUNNINGHILL/RIVONIA WOODMEAD~250~00000 WOODMEAD JOHANNESBURG - SUNNINGHILL/RIVONIA WOODMEAD~251~00000 WOODMEAD JOHANNESBURG - SUNNINGHILL/RIVONIA WOODMEAD~252~00000 WOODMEAD JOHANNESBURG - SUNNINGHILL/RIVONIA 27 24,400,000 TORTELLO INV 143 RF PTY LTD SHANIKE INV NO 84 PTY LTD BEREA~1366~00000 BEREA JOHANNESBURG - CBD/BRAAMFONTEIN 28 23,655,000 NSOVO HOLDINGS PTY LTD P J J VAN VUUREN BELEGGINGS PTY LTD HALFWAY GARDENS~848~00000 HALFWAY GARDENS JOHANNESBURG - MIDRAND/KYALAMI 29 22,800,000 SHOPRITE CHECKERS PTY LTD IMPERIAL GROUP PTY LTD ERAND AH~10~00000 ERAND GARDENS JOHANNESBURG - MIDRAND/KYALAMI ERAND AH~11~00000 MIDRIDGE PARK JOHANNESBURG - MIDRAND/KYALAMI 30 17,610,000 CITIQ STUDENTS PTY LTD JIKA PROP PTY LTD HONEY PARK~73~00000 HONEY PARK JOHANNESBURG - WEST 31 16,500,000 BLUE FLAME ADVERTISING & VISIBLE IMPACT PORTFOLIO (VIP) BRYANSTON~1181~00001 BRYANSTON JOHANNESBURG - BRYANSTON MARKETING PTY LTD PARTNERSHIP 32 16,000,000 SUMMERCON HOLDCO PTY LTD M V S PROP INV PTY LTD BEVERLEY AH~9~00000 BEVERLEY JOHANNESBURG - FOURWAYS/NORTHGATE 33 15,400,000 S A RETAIL PROP PTY LTD FIRSTRAND BANK LTD FOUNDERS HILL~28~00120 FOUNDERS VIEW JOHANNESBURG - LINBRO PARK/GREENSTONE 34 15,080,000 CITIQ STUDENTS PTY LTD JIKA PROP PTY LTD HONEY PARK~71~00000 HONEY PARK JOHANNESBURG - WEST 35 14,820,000 REEFLORDS PROP DEVELOPMENT ARCHCAP DEVELOPMENTS PTY LTD NORTH RIDING AH~86~00000 NOORDHANG JOHANNESBURG - PTY LTD FOURWAYS/NORTHGATE 36 14,500,000 383 STERLING PTY LTD ARROWHEAD PROP PTY LTD STRIJDOM PARK~383~00000 STRIJDOMPARK JOHANNESBURG - RANDBURG 37 14,402,304 PIVOTAL FUND LTD KYALAMI RETAIL VILLAGE PTY LTD JR~406~00701 JOHANNESBURG - MIDRAND/KYALAMI 38 14,000,000 GOTTINI LAKE TRADING 110 PTY LTD SPINNER JOZEF FRYDERYK DUNKELD~206~00001 DUNKELD JOHANNESBURG - ROSEBANK/MELROSE 39 13,883,227 M P I TRUST H C I INVEST9 HOLDCO PTY LTD WESTLAKE VIEW~4~00000 LONGMEADOW BUSINESS ESTATE JOHANNESBURG - LINBRO PARK/GREENSTONE 40 13,110,000 K2014123547 PTY LTD BAMBOO ROCK 1213 CC HOUGHTON ESTATE~1795~00000 HOUGHTON ESTATE JOHANNESBURG - HOUGHTON ESTATE 41 12,500,000 SIDDLE FAMILY TRUST HUTSON DOUGLAS FRANK BENMORE GARDENS~3~00100 BENMORE GARDENS JOHANNESBURG - SANDTON 42 11,800,000 UNLOCKED PROP 6 PTY LTD CORIE TREVOR JOHN FLORIDA~162~00003 FLORIDA JOHANNESBURG - WEST MERCEDES DAVID FAMILY TRUST FLORIDA~1025~00003 FLORIDA JOHANNESBURG - WEST FLORIDA~1025~00004 FLORIDA JOHANNESBURG - WEST 43 11,617,170 DUCKPOINT PROP PTY LTD FRIEDSHELF 422 PTY LTD CHISLEHURSTON~44~00005 JOHANNESBURG - SANDTON 44 11,400,000 BELLREST 103 PTY LTD RESNICK INV NUMBER TWO PTY LTD CITY DEEP~87~00000 CITY DEEP EKURHULENI - BEDFORDVIEW 45 11,400,000 GIBMIN INV CC FOUNTAINHEAD PROP TRUST COLLECTIVE CROWN~175~00000 CROWN EKURHULENI - BEDFORDVIEW INV SCHEME 46 11,000,000 BALWIN PROP PTY LTD WEST DUNES PROP 344 PTY LTD CROWTHORNE AH~102~00000 CROWTHORNE AH JOHANNESBURG - MIDRAND/KYALAMI 47 10,710,000 SAVANNAH N.MAZIYA PTY LTD FRIEDSHELF 422 PTY LTD CHISLEHURSTON~44~00005 JOHANNESBURG - SANDTON 48 10,600,000 TORTELLO INV 144 RF PTY LTD CLIDET NO 1000 PTY LTD BEREA~1513~00000 BEREA JOHANNESBURG - CBD/BRAAMFONTEIN 49 10,600,000 SHANTELLIN TRUST ROOS RICHARD SAMUEL DE BENMORE GARDENS~249~00000 BENMORE GARDENS JOHANNESBURG - SANDTON 50 10,510,356 MAD GARDENERS PROP PTY LTD SNOWY OWL PROP 199 PTY LTD FOURWAYS~2607~00000 WITKOPPEN JOHANNESBURG - FOURWAYS/NORTHGATE

Directors for these companies are:

Rank Buyer First Name Surname

1 PIVOTAL FUND LTD AARON SUCKERMAN CHRISTOPHER HAIG EWING JAMES ANGUS MACKAY THOMAS ALEXANDER WIXLEY THANDUXOLO SELBY SISHUBA DAVID STANLEY SAVAGE ANTHONY DAVID DIXON MARC WAINER MATTHYS STEFANUS NESER BENJAMIN STEWART SHAW-TAYLOR JACQUELINE ROUXANNE VAN NIEKERK 2 S A RETAIL PROP PTY LTD TERENCE RORY MACKEY BENJAMIN SWANEPOEL ANTOINETTE MARGARET BASSON 3 140 WEST STREET TRUST 4 TORTELLO INV 143 RF PTY LTD ADRIAAN OPPERMAN REYNEKE BRIAN JEFFREY MILLER JAMES FRANCIS HOWARD GUSTAV CORNELIUS HOLTZHAUSEN IAN ALFRED MASON 5 CAPITAL PROPFUND 1 PTY LTD ANDREW EDWARD TEIXEIRA ABRAHAM ALBERTUS BORNMAN BARRY LESTER STUHLER JONATHAN STUART BIGHAM 6 DELTA PROP FUND LTD JOSE JORGE CRONCALVES DA COSTA SANDILE HOPESON NOMVETE

34 6 DELTA PROP FUND LTD DAVINA NODUMO MOTAU PAUL DAVID SIMPSON BRONWYN ANNE CORBETT PAULA NEL NOORAYA KHAN IAN DONALD MACLEOD JOHANNES BHEKUMUZI MAGWAZA 7 KYALAMI RETAIL VILLAGE PTY LTD JOHANNES JACOBUS PICKARD ETIENNE MARTIN EYGENBERGER 8 HARITH PROP SANDTON PTY LTD THOMAS TERTIUS STEYN ALWYN JACOBUS WESSELS LESIBANA SOLOMON MORALLANE 9 TENDOPAX PTY LTD YAHYA ISMAIL KAROLIA 10 AFHCO HOLDINGS PTY LTD ANTOINETTE MARGARET BASSON TERENCE RORY MACKEY WAYNE JEFFREY PLIT RENNEY DAVID PLIT 11 ELLIOTT MOBILITY PTY LTD BRAD GRAHAM BARKER DAVID MICHAEL HIBBERT CHARLES PETER MARIE LUYCKX GHISLAIN 13 MIZOLUX CC LUIS MANUEL JACINTO MAGALHAES 14 ZENDAI RESIDENTIAL PTY LTD NGAN HUNG WONG MEI - JU CHEN LETICIA POTTS WENHUI DU JOHANNES ARNOLDUS DIEPENBROEK ANTONIUS 15 LISACRAFT PTY LTD 16 DASHING-ANGLO DIRECT DIVISION CC HEIN ODENDAAL 17 ARROWHEAD PROP LTD GERALD GEORGE LEO LEISSNER TAFFY MONTY ADLER SELWYN NOIK IMRAAN EBRAHIM SULEMAN ELIZABETH PETRONELLA STROEBEL MATTHEW ALEX ELLIS NELL MORE PROPERTIES ON TITLE DEED 18 JOHANNESBURG SOCIAL HOUSING CO PTY LTD ZEONA MOTSHABI MOOPE MARKS MPHAHLELE ISAAC MAKOPO LESENYEGO WINSTON MATLHAPE JOSEPH FLORENCE THEMBI PRIDE SETHAELO CALPHURNIA CELIWE NKOSI RORY LEE GALLOCHER NOMPUMELELO TSHABALALA GLENDA THAPELO SENGOARA YASWANT GORDHAN GORDHAN EMMANUEL RAMAOTWANA MAPHATSOE 19 B G H FERNDALE PTY LTD CORLETT BOKANG KHUPE 20 CITIQ COMMERCIAL PTY LTD YASMIN VUSIWE INEZ LEPILE PAUL JOHN EDWARD LAPHAM 21 SA RETAIL PROP PTY LTD TERENCE RORY MACKEY ANTOINETTE MARGARET BASSON BENJAMIN SWANEPOEL 22 SILVER MEADOW PROP 142 PTY LTD ABDULLA OMAR CARRIM 23 LIVEWELL DEVCO 1 PTY LTD JACOBUS PETRUS PAULUS HANEKOM NICO VAN DER WESTHUIZEN 24 RAISON D'ETRE TRUST 25 HERIOT PROP PTY LTD STEVEN BERNARD HERRING 28 NSOVO HOLDINGS PTY LTD NHLAMULO CINDY MABUNDA MAKHENSA SOLLY MABUNDA RISIMATI 29 SHOPRITE CHECKERS PTY LTD DANIEL GEORGE MOLLER DAVID HALLALE LANCE GABRIEL VAN DER SPUY GABRIEL GERHARDUS KRIEL JOHAN GERHARD VAN DEVENTER AUBREY ERROL KARP GERHARD FRITZ PIETER CHRISTIAAN ENGELBRECHT PETER SOLMS MARIUS BOSMAN CAREL JOHANNES BURGER CHRISTIAAN DE WET PIETER GERRIT DU PREEZ TREVOR ANDREW FORREST SELWYN SCHIFF GERHARD HAYES

35 29 SHOPRITE CHECKERS PTY LTD VICTOR PAUL SCHOELER ANTON DE BRUYN ABRAHAM JACOBUS DE SWARDI GERT MARTHINUS PETRUS MENTZ CAREL GENIS GOOSEN CISKA BLAIR PAUL JOSUA MALAN ANTON WAGENAAR BHIKRAM HARISUNKER FRANZ KARL GESANT MÜLLER STEPHEN BRIAN BRAUDE WIMPIE JOHANNES HUNLUN PHILIP VAN DER MERWE STOFFELINA MARYKE VISSER PIETER GEORGE VAN BREDA JAMES WELLWOOD BASSON ADRIANA CECILIA VOSLOO ETIENNE LOURENS NEL ANITA JANSE VAN RENSBURG ERNST LOUIS MARAIS BRIAN RAYMOND WEYERS NEIL LAURENCE SCHREUDER JACOBUS JOHANNES ZWENNIS ALLAN MINTO HOWARD HENDRIK JACOBUS VAN ROOYEN JACOB ADRIAN LOUW BASSON DANIËL FRANCOIS DU TOIT ADELE GOUWS FOTIOS TZELLIOS JOHANNES JACOB VAN ZYL JAN MAURITZ ALBERTS JOHANN FOURIE 30 CITIQ STUDENTS PTY LTD YASMIN VUSIWE INEZ LEPILE PAUL JOHN EDWARD LAPHAM GRANT ROBERT HARRIS 31 BLUE FLAME ADVERTISING & MARKETING PTY LTD SOLOMON SEGALO 32 SUMMERCON HOLDCO PTY LTD PETER JAMES ALEXANDER BLANCKENBURG RORY JOHN ATTRIDGE RODERIC NIVEN FREW SIMON BUYS 35 REEFLORDS PROP DEVELOPMENT PTY LTD ZHONGHUI ZHU HONGJIE ZHANG 36 383 STERLING PTY LTD MICHAEL ANTHONY GOODYER LOUISE DOROTHY GOODYER 38 GOTTINI LAKE TRADING 110 PTY LTD CAROLLYN ANNE MITCHELL COENRAAD HENDRIK KOTZE 39 M P I TRUST 40 K2014123547 PTY LTD 41 SIDDLE FAMILY TRUST 42 UNLOCKED PROP 6 PTY LTD 43 DUCKPOINT PROP PTY LTD BEVERLEY CLARK JEREMY JAMES GARDINER CLARK 44 BELLREST 103 PTY LTD JACOBUS JOHANNES SMALL 45 GIBMIN INV CC UNUSS ASVAT 46 BALWIN PROP PTY LTD RODNEY NORMAN GRAY JONATHAN WELTMAN STEPHEN VOLKER BROOKES ULRICH GSCHNAIDTNER 47 SAVANNAH N.MAZIYA PTY LTD NONHLANHLA SAVANNAH MAZIYA-SANDANEZWE WENDY IRENE FAYE EDWARDS 48 TORTELLO INV 144 RF PTY LTD IAN ALFRED MASON BRIAN JEFFREY MILLER JAMES FRANCIS HOWARD ADRIAAN OPPERMAN REYNEKE GUSTAV CORNELIUS HOLTZHAUSEN 49 SHANTELLIN TRUST 50 MAD GARDENERS PROP PTY LTD TIMOTHY GEORGE TASIOULAS THEO PIERRE KELFKENS ANASTASIOS TASIOULAS MARTEN SPENCER HELENA HERMIAN TASIOULAS

36 TThe top commercial mortgages greater than R5 million and limited to 50 in June 2015 are:

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

1 800,000,000 140 WEST STREET TRUST NEDBANK SANDOWN~8~00003 SANDOWN JOHANNESBURG - SANDTON 201506 2 500,000,000 SA RETAIL PROP PTY LTD ABSA ILLOVO~44~00000 ILLOVO JOHANNESBURG - 201506 ROSEBANK/MELROSE 3 350,000,000 BUENA VISTA TRADING 154 PTY LTD NEDBANK SANDOWN~31~00009 SANDOWN JOHANNESBURG - SANDTON 201506 4 270,000,000 WILCOPROP 202 PTY LTD ABSA OLIVEDALE~1248~00000 OLIVEDALE JOHANNESBURG - 201312 FOURWAYS/NORTHGATE 5 175,000,000 HARITH PROP SANDTON PTY LTD INVESTEC CHISLEHURSTON~44~00005 JOHANNESBURG - SANDTON 201506 6 150,000,000 BALWIN PROP PTY LTD INVESTEC GREENSTONE HILL~1834~00000 GREENSTONE HILL JOHANNESBURG - LINBRO 201405 PARK/GREENSTONE 7 150,000,000 HIGHLAND NIGHT INV 93 PTY LTD FIRSTRAND BLUE HILLS~1389~00000 JOHANNESBURG - MIDRAND/KYALAMI 201506 8 100,000,000 AMRICH 58 PROP PTY LTD STANDARD BARBEQUE DOWNS~128~00000 BARBEQUE DOWNS BUSINESS PARK JOHANNESBURG - MIDRAND/KYALAMI 201506 HALFWAY HOUSE~425~00000 HALFWAY HOUSE ESTATE JOHANNESBURG - MIDRAND/KYALAMI 201506 HALFWAY HOUSE~426~00000 HALFWAY HOUSE ESTATE JOHANNESBURG - MIDRAND/KYALAMI 201506 KYALAMI PARK~125~00000 KYALAMI BUSINESS PARK JOHANNESBURG - MIDRAND/KYALAMI 201506 9 84,300,000 HOWEC METALS (1964) PTY LTD STANDARD BRYANSTON~5689~00000 JOHANNESBURG - BRYANSTON 201506 10 70,000,000 VIKING PONY PROP 346 PTY LTD STANDARD BRYANSTON~44~00005 JOHANNESBURG - BRYANSTON 201506 11 65,000,000 FAIRWAY ENTERPRISES CC INVESTEC JR~406~00377 CROWTHORNE AH JOHANNESBURG - MIDRAND/KYALAMI 201506 JR~406~00378 CROWTHORNE AH JOHANNESBURG - MIDRAND/KYALAMI 201506 12 53,700,000 CITY SQUARE TRADING 522 PTY LTD STANDARD SIMBA~9~00000 SIMBA JOHANNESBURG - SANDTON 201506 13 47,400,000 CITY OF JOHANNESBURG OTHER BANK FAIRLAND~1226~00003 JOHANNESBURG - CRESTA/FAIRLAND 201506 METROPOLITAN MUNICIPALITY 14 45,000,000 LANSERIA TRUST ONE FIRSTRAND JQ~529~00036 JOHANNESBURG - 201506 FOURWAYS/NORTHGATE 15 42,500,000 JUKSKEI VIEW W U Q F PTY LTD NEDBANK JUKSKEI VIEW~3546~00000 JOHANNESBURG - LINBRO 201506 PARK/GREENSTONE 16 40,000,000 K2014123547 PTY LTD INVESTEC HOUGHTON ESTATE~1795~00000 HOUGHTON ESTATE JOHANNESBURG - HOUGHTON ESTATE 201506 17 40,000,000 MIZOLUX CC OTHER BANK KENSINGTON~8172~00000 KENSINGTON JOHANNESBURG - 201506 DENVER/KENSINGTON/BRUMA KENSINGTON~8173~00000 KENSINGTON JOHANNESBURG - 201506 DENVER/KENSINGTON/BRUMA 18 39,400,000 CITY SQUARE TRADING 522 PTY LTD STANDARD SIMBA~8~00000 SIMBA JOHANNESBURG - SANDTON 201506 19 36,797,000 STAND 118 DUNKELD WEST PTY LTD ABSA DUNKELD WEST~118~00000 DUNKELD WEST JOHANNESBURG - 201506 ROSEBANK/MELROSE 20 36,000,000 ZININGI PROP PTY LTD INVESTEC ELDORADO PARK~4070~00000 ELDORADO PARK EXT 5 JOHANNESBURG - SOWETO/ORANGE 201506 FARM ELDORADO PARK~4084~00000 ELDORADO PARK EXT 5 JOHANNESBURG - SOWETO/ORANGE 201506 FARM 21 35,000,000 NETWATER PROP CC NEDBANK FERNDALE~1163~00000 FERNDALE JOHANNESBURG - RANDBURG 201506 FERNDALE~1165~00000 FERNDALE JOHANNESBURG - RANDBURG 201506 FERNDALE~1165~00001 FERNDALE JOHANNESBURG - RANDBURG 201506 NETWATER PROP PTY LTD NEDBANK FERNDALE~1162~00000 FERNDALE JOHANNESBURG - RANDBURG 201506 FERNDALE~1162~00001 FERNDALE JOHANNESBURG - RANDBURG 201506 FERNDALE~1164~00000 FERNDALE JOHANNESBURG - RANDBURG 201506 22 32,750,000 CITY SQUARE TRADING 522 PTY LTD STANDARD SIMBA~21~00000 SIMBA JOHANNESBURG - SANDTON 201506 23 29,125,000 RICHTRAU NO 393 PTY LTD INVESTEC COMMERCIA~15~00000 COMMERCIA JOHANNESBURG - MIDRAND/KYALAMI 201506 COMMERCIA~16~00000 COMMERCIA JOHANNESBURG - MIDRAND/KYALAMI 201506 IR~10~00030 COMMERCIA JOHANNESBURG - MIDRAND/KYALAMI 201506 24 28,000,000 CANYON SPRINGS INV 93 PTY LTD STANDARD CITY & SUBURBAN~1194~00000 CITY & SUBURBAN JOHANNESBURG - 201506 CBD/BRAAMFONTEIN CITY & SUBURBAN~707~00000 CITY & SUBURBAN JOHANNESBURG - 201506 CBD/BRAAMFONTEIN CITY & SUBURBAN~708~00000 CITY & SUBURBAN JOHANNESBURG - 201506 CBD/BRAAMFONTEIN CITY & SUBURBAN~709~00000 CITY & SUBURBAN JOHANNESBURG - 201506 CBD/BRAAMFONTEIN CITY & SUBURBAN~710~00000 CITY & SUBURBAN JOHANNESBURG - 201506 CBD/BRAAMFONTEIN CITY & SUBURBAN~831~00000 CITY & SUBURBAN JOHANNESBURG - 201506 CBD/BRAAMFONTEIN CITY & SUBURBAN~832~00000 CITY & SUBURBAN JOHANNESBURG - 201506 CBD/BRAAMFONTEIN CITY & SUBURBAN~837~00000 CITY & SUBURBAN JOHANNESBURG - 201506 CBD/BRAAMFONTEIN CITY & SUBURBAN~838~00000 CITY & SUBURBAN JOHANNESBURG - 201506 CBD/BRAAMFONTEIN CITY & SUBURBAN~839~00000 CITY & SUBURBAN JOHANNESBURG - 201506 CBD/BRAAMFONTEIN XTRASPACE PROP PTY LTD STANDARD CITY & SUBURBAN~1194~00000 CITY & SUBURBAN JOHANNESBURG - 201506 CBD/BRAAMFONTEIN CITY & SUBURBAN~707~00000 CITY & SUBURBAN JOHANNESBURG - 201506 CBD/BRAAMFONTEIN CITY & SUBURBAN~708~00000 CITY & SUBURBAN JOHANNESBURG - 201506 CBD/BRAAMFONTEIN CITY & SUBURBAN~709~00000 CITY & SUBURBAN JOHANNESBURG - 201506 CBD/BRAAMFONTEIN CITY & SUBURBAN~710~00000 CITY & SUBURBAN JOHANNESBURG - 201506 CBD/BRAAMFONTEIN CITY & SUBURBAN~831~00000 CITY & SUBURBAN JOHANNESBURG - 201506 CBD/BRAAMFONTEIN CITY & SUBURBAN~832~00000 CITY & SUBURBAN JOHANNESBURG - 201506 CBD/BRAAMFONTEIN CITY & SUBURBAN~837~00000 CITY & SUBURBAN JOHANNESBURG - 201506 CBD/BRAAMFONTEIN CITY & SUBURBAN~838~00000 CITY & SUBURBAN JOHANNESBURG - 201506 CBD/BRAAMFONTEIN

37 24 28,000,000 XTRASPACE PROP PTY LTD STANDARD CITY & SUBURBAN~839~00000 CITY & SUBURBAN JOHANNESBURG - 201506 CBD/BRAAMFONTEIN 25 28,000,000 BALWIN PROP PTY LTD INVESTEC GREENSTONE HILL~1361~00000 GREENSTONE HILL JOHANNESBURG - LINBRO 201411 PARK/GREENSTONE 26 27,680,000 MEHBOOB ADAM PAROW CC INVESTEC ROSEBANK~113~00000 ROSEBANK JOHANNESBURG - 201506 ROSEBANK/MELROSE 27 26,400,000 LISACRAFT PTY LTD INVESTEC SELBY~365~00000 SELBY EKURHULENI - BEDFORDVIEW 201506 SELBY~366~00000 SELBY EKURHULENI - BEDFORDVIEW 201506 SELBY~367~00000 SELBY EKURHULENI - BEDFORDVIEW 201506 SELBY~368~00000 SELBY EKURHULENI - BEDFORDVIEW 201506 28 26,400,000 HENTIQ 1122 PTY LTD NEDBANK BRYANSTON~5519~00000 BRYANSTON JOHANNESBURG - BRYANSTON 201506 29 25,500,000 ERF 1027 FORDSBURG PTY LTD STANDARD FORDSBURG~1027~00000 FORDSBURG JOHANNESBURG - 201506 CBD/BRAAMFONTEIN 30 25,500,000 HERIOT PROP PTY LTD NEDBANK MELROSE NORTH~181~00001 MELROSE ARCH JOHANNESBURG - 201506 ROSEBANK/MELROSE 31 25,000,000 DIPULA PROP INV TRUST STANDARD THETA~25~00010 THETA EKURHULENI - BEDFORDVIEW 201506 32 25,000,000 GENERAL BELTINGS PTY LTD FIRSTRAND EDENBURG PTA~36~00001 EDENBURG JOHANNESBURG - 201506 SUNNINGHILL/RIVONIA 33 25,000,000 RAISON D'ETRE TRUST NEDBANK SANDOWN~16~00000 SANDOWN JOHANNESBURG - SANDTON 201506 34 22,500,000 XTRASPACE PROP PTY LTD STANDARD WYNBERG PTA~522~00000 WYNBERG JOHANNESBURG - WYNBERG 201506 35 20,000,000 STOR-ALL HOLDINGS PTY LTD NEDBANK ZANDSPRUIT~166~00000 LASER PARK JOHANNESBURG - 201506 FOURWAYS/NORTHGATE ZANDSPRUIT~167~00000 JOHANNESBURG - 201506 FOURWAYS/NORTHGATE 36 20,000,000 LINO PROP TRUST INVESTEC SANDHURST~28~00012 JOHANNESBURG - SANDTON 201506 37 19,000,000 QUARTRO ESTATE PTY LTD STANDARD BRYANSTON~5668~00000 JOHANNESBURG - BRYANSTON 201506 38 18,000,000 XTRASPACE PROP PTY LTD STANDARD WYNBERG PTA~33~00000 WYNBERG JOHANNESBURG - WYNBERG 201506 WYNBERG PTA~430~00000 WYNBERG JOHANNESBURG - WYNBERG 201506 39 16,600,000 BUFFSHELF 69 TRUST INVESTEC BRYANSTON~5296~00001 DOUGLASDALE JOHANNESBURG - BRYANSTON 201506 40 16,500,000 J CO CONSTRUCTION PTY LTD NEDBANK FERNDALE~132~00000 FERNDALE JOHANNESBURG - RANDBURG 201506 41 15,700,000 WATERFALL EQUESTRIAN ESTATE W U INVESTEC IR~5~00601 WATERFALL COUNTRY AND JOHANNESBURG - 201506 Q F ONE PTY LTD EQUESTRIAN ESTATE SUNNINGHILL/RIVONIA 42 14,500,000 383 STERLING PTY LTD STANDARD STRIJDOM PARK~383~00000 STRIJDOMPARK JOHANNESBURG - RANDBURG 201506 43 14,000,000 JET EDUCATION SERVICES NPC FIRSTRAND PARKTOWN~111~00000 PARKTOWN JOHANNESBURG - PARKTOWN 201506 44 14,000,000 NICTOKAYBEE INV PTY LTD NEDBANK LANSERIA~661~00000 LANSERIA JOHANNESBURG - 201506 FOURWAYS/NORTHGATE 45 12,180,713 RED SCREEN PROP PTY LTD FIRSTRAND MAROELADAL~430~00001 MAROELADAL JOHANNESBURG - 201506 FOURWAYS/NORTHGATE 46 11,550,000 BLUE FLAME ADVERTISING & FIRSTRAND BRYANSTON~1181~00001 BRYANSTON JOHANNESBURG - BRYANSTON 201506 MARKETING PTY LTD 47 10,000,000 F D H TRUST INVESTEC MARSHALLSTOWN~962~00000 MARSHALLSTOWN JOHANNESBURG - 201506 CBD/BRAAMFONTEIN MARSHALLSTOWN~963~00000 MARSHALLSTOWN JOHANNESBURG - 201506 CBD/BRAAMFONTEIN 48 10,000,000 URBAN EVOLUTION PROP PTY LTD FIRSTRAND MARSHALLSTOWN~789~00000 MARSHALLSTOWN JOHANNESBURG - 201506 CBD/BRAAMFONTEIN MARSHALLSTOWN~797~00000 MARSHALLSTOWN JOHANNESBURG - 201506 CBD/BRAAMFONTEIN 49 10,000,000 HERIOT PROP PTY LTD NEDBANK CLEVELAND~172~00000 CLEVELAND JOHANNESBURG - 201506 DENVER/KENSINGTON/BRUMA 50 10,000,000 UNLOCKED PROP 6 PTY LTD INVESTEC FLORIDA~1025~00003 FLORIDA JOHANNESBURG - WEST 201506 FLORIDA~1025~00004 FLORIDA JOHANNESBURG - WEST 201506 FLORIDA~162~00003 FLORIDA JOHANNESBURG - WEST 201506

Directors for these companies are:

Rank Buyer First Name Surname

1 140 WEST STREET TRUST 2 SA RETAIL PROP PTY LTD BENJAMIN SWANEPOEL ANTOINETTE MARGARET BASSON TERENCE RORY MACKEY 3 BUENA VISTA TRADING 154 PTY LTD MARC DARREN WACHSBERGER 4 WILCOPROP 202 PTY LTD ANTON CROUSE JACOBUS PHILIPPAS CRONJÉ 5 HARITH PROP SANDTON PTY LTD THOMAS TERTIUS STEYN ALWYN JACOBUS WESSELS LESIBANA SOLOMON MORALLANE 6 BALWIN PROP PTY LTD RODNEY NORMAN GRAY JONATHAN WELTMAN STEPHEN VOLKER BROOKES ULRICH GSCHNAIDTNER 7 HIGHLAND NIGHT INV 93 PTY LTD THEVENTHERAN GOVENDER GOVINDSAMY JAMES ROBERT NICOLELLA JOHN ANTHONY COPELYN JAMES FRANCIS MACKAY 8 AMRICH 58 PROP PTY LTD MARK ADAM STEIN PAUL HARWOOD NASH BRIAN LESLIE GRUZD 9 HOWEC METALS (1964) PTY LTD CLINTON CHRISTOPHER FRONEMAN PAUL HARWOOD NASH MICHAEL CHARLES MACFARLANE 10 VIKING PONY PROP 346 PTY LTD JOHN CARL GREVE JAN CORNELIS VLAMING 38 10 VIKING PONY PROP 346 PTY LTD GAVIN CRAIG BRIMACOMBE CHRISTOPHER GEORGE RENECLE 11 FAIRWAY ENTERPRISES CC MARK ARTHUR CORBETT GAYE EVANGELINE CORBETT LISA MARGERY GOOSEN ERNEST HOWARD CORBETT TRACY JEAN HENLEY 12 CITY SQUARE TRADING 522 PTY LTD MARTIN RADFORD EVANS MARC GARETH EDWARDS 13 CITY OF JOHANNESBURG METROPOLITAN MUNICIPALITY 14 LANSERIA TRUST ONE 15 JUKSKEI VIEW W U Q F PTY LTD IBRAHIM MIA YAHYA MUHAMMAD AMEEN MIA 16 K2014123547 PTY LTD 17 MIZOLUX CC LUIS MANUEL JACINTO MAGALHAES 19 STAND 118 DUNKELD WEST PTY LTD LAURENCE GRIGOROV NADINE FOURIE MARIUS MOSTERT 20 ZININGI PROP PTY LTD DEREK BRITTAIN ROBERT EDWARD ALEXANDER 21 NETWATER PROP PTY LTD NETWATER PROP CC CLIFFORD JASPER JANSE VAN RENSBURG THEODORUS VICTOR JANSE VAN RENSBURG ANDRE MACHIEL JANSE VAN RENSBURG 23 RICHTRAU NO 393 PTY LTD CHAD LEONARD SMART LINDSAY BERESFORD ROBERTSON SAMUEL SIMPHIWE NKOMO OMER HUBERT HUGO MEES CARLOS MANUEL DE DA SILVA ALMEIDA CORREIRA RICARDO ALBERTO RIBEIRO NOVAIS ARMANDO ALVES CRAVO RIBEIRO GARTH JOHN HENRY WILLIS 24 XTRASPACE PROP PTY LTD MARTHINUS THEUNIS LATEGAN ABRAHAM MARTHINUS SCHNEIDER JAMES ALEXANDER WILSON LESLIE MATUSON CANYON SPRINGS INV 93 PTY LTD 26 MEHBOOB ADAM PAROW CC MEHBOOB ADAM 27 LISACRAFT PTY LTD 28 HENTIQ 1122 PTY LTD KEITH EDWARD OLIVER RUSSELL OLIVER MARTIN WILLIAM OLIVER 29 ERF 1027 FORDSBURG PTY LTD SHAHED SURTEE YUSUF SURTEE SOYAB SUUMAN SURTEE FAZEL SURTERS 30 HERIOT PROP PTY LTD STEVEN BERNARD HERRING 31 DIPULA PROP INV TRUST 32 GENERAL BELTINGS PTY LTD MUTUMWA DZIVA MAWERE 33 RAISON D'ETRE TRUST 35 STOR-ALL HOLDINGS PTY LTD ERIKA ELIZABETH LECUONA LEON JOHN ONSLOW LECUONA 36 LINO PROP TRUST 37 QUARTRO ESTATE PTY LTD DAVID MALCOLM WINSTONE 39 BUFFSHELF 69 TRUST 40 J CO CONSTRUCTION PTY LTD HENDRIK JACQUES COMBRINCK 41 WATERFALL EQUESTRIAN ESTATE W U Q F ONE PTY LTD ZAKARIYA MIA MUHAMMAD AHMED MIA IBRAHIM MIA YAHYA MUHAMMAD AMEEN MIA 42 383 STERLING PTY LTD MICHAEL ANTHONY GOODYER LOUISE DOROTHY GOODYER 43 JET EDUCATION SERVICES NPC MAUD RITA MOTANYANE JOHN MICHAEL SAMUEL MASHUDU ANGELINAH PHALISO NATHANIEL TIMOTHY JOHNSTONE BRIAN DE LACY FIGAJI JAMES WOTHERSPOON JEROME BONGANI PHAKATHI ALEC NGWENYAMA BOHANI RICHARD SHIBAMBU 44 NICTOKAYBEE INV PTY LTD 45 RED SCREEN PROP PTY LTD PETRUS GERHARDUS MULDER CHARMAINE HILDA MULDER 46 BLUE FLAME ADVERTISING & MARKETING PTY LTD SOLOMON SEGALO 47 F D H TRUST 39 48 URBAN EVOLUTION PROP PTY LTD FRANS LOURENS SWANEPOEL LODEWYK 50 UNLOCKED PROP 6 PTY LTD

40 2.1.3 City of Tshwane

The transactional activity (R Million) is as follows:

Node 2012 2013 2014 2015 YTD Jul 2014 - Jun June 2015 2015 PRETORIA - EAST 3,709 45.4% 2,141 16.8% 2,032 28.2% 1,486 31.8% 2,226 26.1% 222 15.9% PRETORIA - CENTURION 2,212 27.0% 2,754 21.7% 2,216 30.8% 1,043 22.3% 2,360 27.7% 402 28.9% PRETORIA - NORTH 884 10.8% 1,401 11.0% 1,197 16.6% 1,022 21.9% 1,435 16.8% 635 45.6% PRETORIA - CBD 875 10.7% 4,023 31.6% 1,281 17.8% 634 13.6% 1,754 20.6% 110 7.9% PRETORIA - BROOKLYN 430 5.3% 2,005 15.8% 441 6.1% 393 8.4% 630 7.4% 25 1.8% NOT ALLOCATED 68 0.8% 388 3.0% 32 0.5% 97 2.1% 121 1.4% 0 0.0% Total 8,178 12,712 7,201 4,675 8,525 1,394

The bond activity (R Million) is as follows:

Node 2012 2013 2014 2015 YTD Jul 2014 - Jun June 2015 2015 PRETORIA - CBD 583 7.7% 2,106 20.6% 1,038 17.0% 1,773 32.6% 2,241 28.2% 1,031 68.3% PRETORIA - CENTURION 2,465 32.4% 3,104 30.4% 2,638 43.1% 1,125 20.7% 2,063 25.9% 36 2.4% PRETORIA - EAST 1,780 23.4% 3,218 31.5% 1,407 23.0% 981 18.0% 1,483 18.7% 246 16.3% PRETORIA - NORTH 2,066 27.2% 1,226 12.0% 725 11.9% 812 14.9% 1,213 15.2% 96 6.4% NOT ALLOCATED 53 0.7% 141 1.4% 6 0.1% 415 7.6% 421 5.3% 15 1.0% PRETORIA - BROOKLYN 661 8.7% 424 4.1% 306 5.0% 329 6.0% 532 6.7% 86 5.7% Total 7,607 10,219 6,120 5,433 7,953 1,510

41 The Market Share is as follows:

42 43 The top commercial transactions greater than R5 million and limited to 50 for June 2015 are:

Rank Purchase Price Buyer Seller Erf Key Suburb Node

1 455,800,000 EMIRA PROP FUND LTD FIRSTRAND BANK LTD KARENPARK~900~00000 KARENPARK PRETORIA - NORTH 2 218,300,000 EMIRA PROP FUND LTD EMIRA PROP SCHEME DIE HOEWES~608~00000 DIE HOEWES PRETORIA - CENTURION 3 140,000,000 SILVER LEAF PROPERTY FUND LTD MICAWBER 313 PTY LTD MENLYN~70~00001 MENLYN PRETORIA - EAST 4 140,000,000 VUKILE PROP FUND LTD N A D PROP INCOME FUND PTY LTD SOSHANGUVE-SS~1631~00000 PRETORIA - NORTH 5 62,500,000 OZMIK PROP INV PTY LTD GROWTHPOINT PROP LTD ARCADIA~1215~00000 ARCADIA PRETORIA - CBD 6 46,746,665 INVESTEC PROP FUND LTD INVESTEC PROP PTY LTD LYNNWOOD GLEN~796~00000 LYNNWOOD GLEN PRETORIA - EAST 7 44,504,763 INVESTEC PROP FUND LTD INVESTEC PROP PTY LTD JR~399~00048 HENNOPS PARK PRETORIA - CENTURION INDUSTRIAL 8 20,400,000 OCTODEC INV LTD BONAFIDE INV PTY LTD PRETORIA~3543~00000 PRETORIA - CBD 9 18,900,000 GAUTENG PROVINCIAL GOVERNMENT ABSA PROP DEVELOPMENT PTY LTD OLIEVENHOUTBOS~8456~00000 OLIEVENHOUTSBOS PRETORIA - CENTURION OLIEVENHOUTBOS~8457~00000 OLIEVENHOUTSBOS PRETORIA - CENTURION OLIEVENHOUTBOS~8458~00000 OLIEVENHOUTSBOS PRETORIA - CENTURION OLIEVENHOUTBOS~8460~00000 OLIEVENHOUTSBOS PRETORIA - CENTURION OLIEVENHOUTBOS~8461~00000 OLIEVENHOUTSBOS PRETORIA - CENTURION OLIEVENHOUTBOS~8463~00000 OLIEVENHOUTSBOS PRETORIA - CENTURION OLIEVENHOUTBOS~8466~00000 OLIEVENHOUTSBOS PRETORIA - CENTURION 10 18,200,000 BLUE BEACON INV 209 PTY LTD SISWE INV PTY LTD WIERDA PARK~2955~00000 WIERDA PARK PRETORIA - CENTURION 11 17,000,000 BARAKAAT PROP INV PTY LTD R H M TRADING PTY LTD KOSMOSDAL~905~00000 KOSMOSDAL PRETORIA - CENTURION KOSMOSDAL~906~00000 KOSMOSDAL PRETORIA - CENTURION KOSMOSDAL~907~00000 KOSMOSDAL PRETORIA - CENTURION KOSMOSDAL~979~00000 KOSMOSDAL PRETORIA - CENTURION 12 16,587,000 K2015088732 S A PTY LTD SAFDEV LAND 1 PTY LTD THE ORCHARDS~7588~00000 THE ORCHARDS PRETORIA - NORTH THE ORCHARDS~7604~00000 THE ORCHARDS PRETORIA - NORTH THE ORCHARDS~7605~00000 THE ORCHARDS PRETORIA - NORTH THE ORCHARDS~7606~00000 THE ORCHARDS PRETORIA - NORTH THE ORCHARDS~7607~00000 THE ORCHARDS PRETORIA - NORTH THE ORCHARDS~7608~00000 THE ORCHARDS PRETORIA - NORTH THE ORCHARDS~7609~00000 THE ORCHARDS PRETORIA - NORTH THE ORCHARDS~7610~00000 THE ORCHARDS PRETORIA - NORTH THE ORCHARDS~7611~00000 THE ORCHARDS PRETORIA - NORTH THE ORCHARDS~7634~00000 THE ORCHARDS PRETORIA - NORTH MORE PROPERTIES ON TITLE DEED 13 15,000,000 WESTPAC TRADE & INV PTY LTD BARAKAAT PROP INV PTY LTD KOSMOSDAL~905~00000 KOSMOSDAL PRETORIA - CENTURION 14 12,545,500 ABLAND PTY LTD ROBERT WILLINK-KETJEN FAMILY TRUST HATFIELD~612~00003 HATFIELD PRETORIA - CBD 15 12,000,000 MAYBORN INV 30 PTY LTD GREY OWL VILLAGE PTY LTD LOUWLARDIA~894~00002 PRETORIA - CENTURION 16 12,000,000 W M O AFRICAN CHAPTER SPRINGWAVE TRADE & INVEST 3 PTY LTD CLAUDIUS~1230~00000 CLAUDIUS PRETORIA - CENTURION 17 12,000,000 C D T HOMES PTY LTD BLUE WAVES PROP 85 PTY LTD THE HILLS~63~00000 THE HILLS PRETORIA - EAST 18 11,500,000 D L J C INV CC J F BAIN PROP CC EERSTERUST~5670~00004 EERSTERUST PRETORIA - EAST 19 11,450,000 TLOU INTEGRATED TECH CC BEAUX LANE S A PROP PTY LTD MONTANA PARK~2596~00001 MONTANA PARK PRETORIA - NORTH 20 11,000,000 HEYMANS FAMILY TRUST CHAPLIN TRACEY ANNE IRENE~800~00000 CORNWALL HILL PRETORIA - CENTURION 21 10,830,000 AGUA PRIVATE EQUITY FUND 2 PTY LTD HENQUE 2565 PTY LTD ASHLEA GARDENS~198~00000 ASHLEA GARDENS PRETORIA - BROOKLYN 22 10,261,196 VIACOR TRADE 58 PTY LTD BUREAU FORUM BELEGGINGS PTY LTD PRETORIA~2797~00000 PRETORIA CENTRAL PRETORIA - CBD 23 9,690,000 BICACON PTY LTD INVESCI CC ROOIHUISKRAAL~2643~00000 GATEWAY INDUSTRIAL PARK PRETORIA - CENTURION 24 8,000,000 OUTBOUND IMPORT PTY LTD NAPAJ PROP INV & DEV PTY LTD SUNDERLAND RIDGE~288~00000 SUNDERLAND RIDGE PRETORIA - CENTURION INDUSTRIAL 25 7,500,000 BERKSHAW PROP PTY LTD BADAMCO PTY LTD PRETORIA~1277~00000 PRETORIA WEST PRETORIA - CBD 26 7,296,000 A S M AFRICAN SPORTS MANUFACTURER PTY S & S PROP INV PTY LTD SUNDERLAND RIDGE~233~00000 SUNDERLAND RIDGE PRETORIA - CENTURION LTD INDUSTRIAL 27 7,000,000 LESACOM PTY LTD HANMAG 109 PTY LTD STERREWAG~49~00000 STERREWAG PRETORIA - BROOKLYN 28 6,500,000 KIRALOX PTY LTD F M A EIENDOMME PTY LTD HAZELWOOD PTA~132~00000 HAZELWOOD PRETORIA - BROOKLYN HAZELWOOD PTA~135~00000 HAZELWOOD PRETORIA - BROOKLYN F M A PROP PTY LTD HAZELWOOD PTA~131~00000 HAZELWOOD PRETORIA - BROOKLYN 29 6,200,000 SIYAKHANYA BUSINESS ENTERPRISE CC K B SCHOOLS & CO-OPERATE WEAR CC MABOPANE-N~5~00000 MABOPANE UNIT N PRETORIA - NORTH 30 6,000,000 ULTRA DEVELOPMENTS PTY LTD SHERMIC INV PTY LTD GROENKLOOF~3~00000 GROENKLOOF PRETORIA - BROOKLYN 31 6,000,000 MENLYN CORPORATE PARK 2 PTY LTD VAXOVERT PTY LTD HATFIELD~89~00000 HATFIELD PRETORIA - CBD 32 5,950,000 I M R HAMBURG G M B H INCORPORATED IN WESSO GILBERT ROBERT SILVER LAKES~1438~00000 SILVER LAKES PRETORIA - EAST GERMANY EXTERNAL PROFIT CO 33 5,700,000 WINNING STRIKE INV 13 PTY LTD MONTANA MEGA PARK PTY LTD MONTANA PARK~2596~00005 PRETORIA - NORTH 34 5,400,000 BLUE DIAMOND BOUTIQUE HOTEL PTY LTD BOTHMA ABRAHAM CAREL SILVER WOODS COUNTRY SILVER WOODS COUNTRY PRETORIA - EAST ESTATE~290~00000 ESTATE 35 5,362,500 WIBNET TRUST MIDRAND METALS PTY LTD ROOIHUISKRAAL~2633~00000 GATEWAY INDUSTRIAL PARK PRETORIA - CENTURION 36 5,001,750 ON SITE GAS SYSTEMS INTERNATIONAL PTY MIDRAND METALS PTY LTD ROOIHUISKRAAL~2633~00000 GATEWAY INDUSTRIAL PARK PRETORIA - CENTURION LTD

Directors for these companies are:

Rank Buyer First Name Surname

1 EMIRA PROP FUND LTD 3 SILVER LEAF PROPERTY FUND LTD ALFRED NGALAAH CHUPHI ANDRE LOUIS NESBITT BERRANGE PAUL STANBROOK LEAF-WRIGHT PIERRE DE VILLIERS BERRANGE DAVID ANDREW POLKINGHORNE 44 3 SILVER LEAF PROPERTY FUND LTD SCHALK WILLEM PIETERSE 4 VUKILE PROP FUND LTD ANTON DIRK BOTHA PETER SIPHO MOYANGA HYMIE MERVYN SEREBRO MICHAEL JOHN POTTS HATLA NTENE LAURENCE GARY RAPP SONJA SEBOTSA JOHANN NEETHLING STEFANES FRANCOIS BOOYSEN NIGEL GEORGE PAYNE HERMINA CHRISTINA LOPION GABAIPHIWE SEDISE MOSENEKE 5 OZMIK PROP INV PTY LTD RASHID ABOOBAKER 6 INVESTEC PROP FUND LTD SULIMAN MAHOMED MOSES MODIDIMA NGOASHENG SAM HACKNER CONSTANCE MATSHAGA MASHABA GRAHAM ROBERT ROSENTHAL DAVID ALEXANDER JON DONALD LUIGI LUCA MARIA GIURICICH SAMUEL RONALD LEON NICHOLAS PETER RILEY 8 OCTODEC INV LTD MYRON ZADWELL POLLACK ANTHONY KEVIN STEIN DEREK PEDOE COHEN SHARON KRAMER GERARD HENDRIK KEMP PETRUS JACOBUS STRYDOM JEFFREY PERCY WAPNICK 9 GAUTENG PROVINCIAL GOVERNMENT 10 BLUE BEACON INV 209 PTY LTD JEAN PRIEUR DU PLESSIS 11 BARAKAAT PROP INV PTY LTD SHIRAZ GATHOO MAHOMED GATHOO 12 K2015088732 S A PTY LTD MORE PROPERTIES ON TITLE DEED 13 WESTPAC TRADE & INV PTY LTD JOHANNES ZACHARIAS MOOLMAN RAYHAAN HASSIM 14 ABLAND PTY LTD JURGENS JOHANNES PRINSLOO PETRUS MATTHYS STEFANUS NESER BENJAMIN RICHARD JOHN COTTRILL JOHN NEILL SNELL GUSTAV GOUWS CHRISTIAN ROBERG MARTHINUS DELPORT 15 MAYBORN INV 30 PTY LTD PIETER JACOBUS MALAN JOHANNES PETRUS JONKER 16 W M O AFRICAN CHAPTER SULIMAN MAHOMED MOOSA CARRIM MAHOMED FAROUK MOOSA YUNUS GOOLAM HOOSEN SULEMAN HAROUN AHMED GUTTA SAYED HOOSEN MIA FEIZUL AYOB ASLAM SULEMAN KALLA 17 C D T HOMES PTY LTD MALHERBE LOURENS SECRETARIAL SERVICES CC CHARLES LE ROUX DU TOIT 18 D L J C INV CC NABEEL SHARIEF MOBEEN SHARIEF 19 TLOU INTEGRATED TECH CC SOPHY MONARE MATLAKALA SELLO LEVY KEKANA 20 HEYMANS FAMILY TRUST 21 AGUA PRIVATE EQUITY FUND 2 PTY LTD DINA CAROLINA RABIE 22 VIACOR TRADE 58 PTY LTD XAN MYBURGH GEORGE FREDERICK RAUTENBACH MICHAIL MYBURGH JUSTIN LOXTON LOUW 23 BICACON PTY LTD MOKGAETJIE DAMARIS MOLOMO 24 OUTBOUND IMPORT PTY LTD KABEER NOORMAHOMED 25 BERKSHAW PROP PTY LTD NELIO CORREIA DINIS 26 A S M AFRICAN SPORTS MANUFACTURER PTY LTD 27 LESACOM PTY LTD ELSJE CAROLINA GREYLING 28 KIRALOX PTY LTD JOSIA ESTERHUIZEN DE KLERK 29 SIYAKHANYA BUSINESS ENTERPRISE CC 30 ULTRA DEVELOPMENTS PTY LTD ADRIAN JOHN FAULKNER GARDINER 45 31 MENLYN CORPORATE PARK 2 PTY LTD PETRUS JOHANNES FEENSTRA 32 I M R HAMBURG G M B H INCORPORATED IN GERMANY EXTERNAL CHRISTOPH GEORG LEISTNER PROFIT CO STACI-LEE BEZUIDENHOUT DRAGAN CARAPINA 33 WINNING STRIKE INV 13 PTY LTD YAYAH ISMAIL GORA 34 BLUE DIAMOND BOUTIQUE HOTEL PTY LTD SUNE VAN SCHALKWYK MPHO JOHANNES DIPELA 35 WIBNET TRUST 36 ON SITE GAS SYSTEMS INTERNATIONAL PTY LTD RODNEY JULIAN GIDISH

The top commercial mortgages greater than R5 million and limited to 50 in June 2015 are:

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

1 340,500,000 NEW HEIGHTS 326 PTY LTD NEDBANK PRETORIA~3230~00000 PRETORIA CENTRAL PRETORIA - CBD 201506 PRETORIA~330~00012 PRETORIA CENTRAL PRETORIA - CBD 201506 RIETFONTEIN PTA~727~00001 RIETFONTEIN PRETORIA - NORTH 201506 2 304,360,000 SUPERBIA FOUR PTY LTD NEDBANK PRETORIA~2802~00000 PRETORIA CENTRAL PRETORIA - CBD 201506 PRETORIA~3263~00000 PRETORIA CENTRAL PRETORIA - CBD 201506 PRETORIA~3274~00000 PRETORIA CENTRAL PRETORIA - CBD 201506 3 160,000,000 OZMIK PROP INV PTY LTD NEDBANK ARCADIA~1133~00000 ARCADIA PRETORIA - CBD 201506 ARCADIA~1215~00000 ARCADIA PRETORIA - CBD 201506 ARCADIA~2~00000 ARCADIA PRETORIA - CBD 201506 ARCADIA~2~00002 ARCADIA PRETORIA - CBD 201506 ARCADIA~30~00000 ARCADIA PRETORIA - CBD 201506 ARCADIA~41~00000 ARCADIA PRETORIA - CBD 201506 BROOKLYN~711~00000 BROOKLYN PRETORIA - BROOKLYN 201506 BROOKLYN~868~00000 BROOKLYN PRETORIA - BROOKLYN 201506 EASTWOOD ARCADIA~1570~00000 EASTWOOD PRETORIA - CBD 201506 PRETORIA INDUSTRIAL~209~00000 PRETORIA INDUSTRIAL PRETORIA - CENTURION 201506 MORE PROPERTIES ON TITLE DEED 4 131,000,000 SILVER LEAF PROPERTY FUND LTD STANDARD MENLYN~70~00001 MENLYN PRETORIA - EAST 201506 5 100,000,000 MENLYN CORPORATE PARK 2 PTY LTD INVESTEC HATFIELD~89~00000 HATFIELD PRETORIA - CBD 201506 6 100,000,000 MENLYN CORPORATE PARK 2 PTY LTD INVESTEC HATFIELD~89~00000 HATFIELD PRETORIA - CBD 201506 7 80,000,000 CENTURY PROP DEVELOPMENTS PTY LTD INVESTEC THE HILLS~448~00000 THE HILLS PRETORIA - EAST 201204 8 80,000,000 C D T HOMES PTY LTD NEDBANK THE HILLS~63~00000 THE HILLS PRETORIA - EAST 201506 9 75,000,000 INTERURBAN PROP FUND PTY LTD INVESTEC DASPOORT~467~00000 DASPOORT PRETORIA - NORTH 201506 10 50,000,000 GUSTAV SOTHMANN TRUST INVESTEC MENLO PARK~975~00000 PRETORIA - BROOKLYN 201407 HENDRIK VAN RENSBURG FAMILIE TRUST INVESTEC MENLO PARK~975~00000 PRETORIA - BROOKLYN 201407 KELLY CORTES PROP PTY LTD INVESTEC MENLO PARK~975~00000 PRETORIA - BROOKLYN 201407 SOFIROX PTY LTD INVESTEC MENLO PARK~975~00000 PRETORIA - BROOKLYN 201407 11 35,000,000 DELBERG PROP DEVELOPMENT PTY LTD INVESTEC LYNNWOOD~989~00000 PRETORIA - BROOKLYN 201506 12 22,200,000 KIRALOX PTY LTD NEDBANK HAZELWOOD PTA~131~00000 HAZELWOOD PRETORIA - BROOKLYN 201506 HAZELWOOD PTA~132~00000 HAZELWOOD PRETORIA - BROOKLYN 201506 HAZELWOOD PTA~135~00000 HAZELWOOD PRETORIA - BROOKLYN 201506 13 18,400,000 C D T HOMES PTY LTD NEDBANK COUNTRY VIEW ESTATE~3~00000 COUNTRY VIEW ESTATE PRETORIA - EAST 201506 14 15,700,000 VIACOR TRADE 58 PTY LTD NEDBANK PRETORIA~2797~00000 PRETORIA CENTRAL PRETORIA - CBD 201506 15 15,000,000 NULANE INV 363 PTY LTD FIRSTRAND IR~21~00128 201506 16 15,000,000 WAYNIC DEVELOPMENT PTY LTD NEDBANK IRENE~3297~00000 ROUTE 21 CORPORATE PARK PRETORIA - CENTURION 201501 17 12,000,000 VASLOSOLVE PTY LTD NEDBANK IRENE~3309~00000 ROUTE 21 CORPORATE PARK PRETORIA - CENTURION 201506 18 11,600,000 VENDOR'S PARADISE PTY LTD ABSA JR~381~00149 DIE HOEWES PRETORIA - CENTURION 201506 19 10,000,000 NEW URBAN PROP INV PTY LTD FIRSTRAND SUNNYSIDE PTA~168~00000 SUNNYSIDE PRETORIA - CBD 201506 20 10,000,000 DEUTSCHER SCHULVEREIN PRETORIA ABSA JR~340~00075 WILLOW GLEN AH PRETORIA - EAST 201506 21 8,500,000 WELKOVICS FAMILY TRUST INVESTEC WATERKLOOF RIDGE~20~00001 WATERKLOOF RIDGE PRETORIA - BROOKLYN 201506 22 8,000,000 TLOU INTEGRATED TECH CC STANDARD MONTANA PARK~2596~00001 MONTANA PARK PRETORIA - NORTH 201506 23 8,000,000 M S S J TRUST INVESTEC MONUMENT PARK~498~00001 MONUMENT PARK PRETORIA - BROOKLYN 201506 MONUMENT PARK~498~00002 MONUMENT PARK PRETORIA - BROOKLYN 201506 MONUMENT PARK~498~00003 MONUMENT PARK PRETORIA - BROOKLYN 201506 24 8,000,000 SIYAKHANYA BUSINESS ENTERPRISE CC NEDBANK MABOPANE-N~5~00000 MABOPANE UNIT N PRETORIA - NORTH 201506 25 6,900,000 LIVING WATERS PROP PTY LTD STANDARD NIEUW MUCKLENEUK~316~00000 NEW MUCKLENEUK PRETORIA - BROOKLYN 201506 26 6,800,000 VENDOR MANAGEMENT SOLUTIONS PTY FIRSTRAND JR~340~00040 WAPADRAND PRETORIA - EAST 201506 LTD 27 6,017,534 W J BOTHA BOERDERY TRUST FIRSTRAND KOSMOSDAL~4774~00000 KOSMOSDAL PRETORIA - CENTURION 201506 28 6,000,000 GOLDEN NUGGET TRUST FIRSTRAND MONAGHAN~66~00000 MONAGHAN FARM ESTATE PRETORIA - CENTURION 201506 29 5,800,000 VREDENHEIM PTY LTD INVESTEC ANNLIN~146~00000 ANNLIN PRETORIA - NORTH 201208 30 5,600,000 LESACOM PTY LTD NEDBANK STERREWAG~49~00000 STERREWAG PRETORIA - BROOKLYN 201506 31 5,300,000 ELATISMART INV PTY LTD ABSA WONDERBOOM AH~26~00000 ANNLIN PRETORIA - NORTH 201506

Directors for these companies are:

Rank Buyer First Name Surname

1 NEW HEIGHTS 326 PTY LTD KEITH MOGOLA KHUPE BOTHONGO 2 SUPERBIA FOUR PTY LTD KEITH MOGOLA KHUPE BOTHONGO 46 3 OZMIK PROP INV PTY LTD RASHID ABOOBAKER MORE PROPERTIES ON TITLE DEED 4 SILVER LEAF PROPERTY FUND LTD ALFRED NGALAAH CHUPHI ANDRE LOUIS NESBITT BERRANGE PAUL STANBROOK LEAF-WRIGHT PIERRE DE VILLIERS BERRANGE DAVID ANDREW POLKINGHORNE SCHALK WILLEM PIETERSE 5 MENLYN CORPORATE PARK 2 PTY LTD PETRUS JOHANNES FEENSTRA 7 CENTURY PROP DEVELOPMENTS PTY LTD MARK ARTHUR CORBETT ERNEST HOWARD CORBETT GAYE EVANGELINE CORBETT 8 C D T HOMES PTY LTD MALHERBE LOURENS SECRETARIAL SERVICES CC CHARLES LE ROUX DU TOIT 9 INTERURBAN PROP FUND PTY LTD PAUL PHILIP MUNDAY PETRO HEYDENRYCH COLEEN LIANGRA ABRAHAMS 10 KELLY CORTES PROP PTY LTD KELLY PEREIRA CORTES SOFIROX PTY LTD GEORGE PANAYIOTIS PAPAVARNAVAS GUSTAV SOTHMANN TRUST HENDRIK VAN RENSBURG FAMILIE TRUST 11 DELBERG PROP DEVELOPMENT PTY LTD LEON DELPORT FRANCOIS VAN DEN BERG 12 KIRALOX PTY LTD JOSIA ESTERHUIZEN DE KLERK 14 VIACOR TRADE 58 PTY LTD XAN MYBURGH GEORGE FREDERICK RAUTENBACH MICHAIL MYBURGH JUSTIN LOXTON LOUW 15 NULANE INV 363 PTY LTD THOKO MARTHA MOKGOSI-MWANTEMBE RICHARD ALAN COOPER 16 WAYNIC DEVELOPMENT PTY LTD JOHAN DE BRUYN 17 VASLOSOLVE PTY LTD 18 VENDOR'S PARADISE PTY LTD JOHANNES PETRUS VAN VUUREN 19 NEW URBAN PROP INV PTY LTD FRANS SWANEPOEL ANNA MARIA ELIZABETH SWANEPOEL FRANS LOURENS SWANEPOEL LODEWYK 20 DEUTSCHER SCHULVEREIN PRETORIA 21 WELKOVICS FAMILY TRUST 22 TLOU INTEGRATED TECH CC SOPHY MONARE MATLAKALA SELLO LEVY KEKANA 23 M S S J TRUST 24 SIYAKHANYA BUSINESS ENTERPRISE CC 25 LIVING WATERS PROP PTY LTD ILZE BOSCH CHRIS FRANCOIS BOSCH PAUL MICHIEL BESTER EUGENE ESPAG 26 VENDOR MANAGEMENT SOLUTIONS PTY LTD ANDRÉ BRAND VAN DER MERWE 27 W J BOTHA BOERDERY TRUST 28 GOLDEN NUGGET TRUST 29 VREDENHEIM PTY LTD HENDRIK JOHANNES BEZUIDENHOUT JOHANNES JACOBUS BEZUIDENHOUT JOHANNA ELIZABETH BEZUIDENHOUT 30 LESACOM PTY LTD ELSJE CAROLINA GREYLING 31 ELATISMART INV PTY LTD

47 2.1.4 Ekurhuleni Municipality

The transactional activity (R Million) is as follows:

Node 2012 2013 2014 2015 YTD Jul 2014 - Jun June 2015 2015 EKURHULENI - KEMPTON PARK 927 14.4% 919 12.3% 1,388 14.7% 1,100 24.5% 1,967 20.5% 106 16.2% EKURHULENI - BOKSBURG 1,851 28.7% 2,604 34.9% 3,852 40.7% 1,034 23.0% 2,790 29.1% 145 22.1% EKURHULENI - BENONI 527 8.2% 399 5.3% 803 8.5% 482 10.7% 829 8.6% 116 17.7% EKURHULENI - BEDFORDVIEW 563 8.7% 484 6.5% 634 6.7% 442 9.9% 764 8.0% 71 10.8% EKURHULENI - SPRINGS/BRAKPAN 1,137 17.6% 498 6.7% 524 5.5% 424 9.4% 726 7.6% 74 11.3% EKURHULENI - ALBERTON 691 10.7% 1,380 18.5% 419 4.4% 388 8.7% 636 6.6% 62 9.5% NOT ALLOCATED 66 1.0% 45 0.6% 376 4.0% 370 8.3% 679 7.1% 68 10.5% EKURHULENI - GERMISTON 678 10.5% 986 13.2% 1,292 13.6% 188 4.2% 1,086 11.3% 13 1.9% EKURHULENI - EDENVALE 15 0.2% 143 1.9% 187 2.0% 58 1.3% 120 1.2% 0 0.0% Total 6,456 7,459 9,475 4,486 9,598 653

The bond activity (R Million) is as follows:

Node 2012 2013 2014 2015 YTD Jul 2014 - Jun June 2015 2015 EKURHULENI - KEMPTON PARK 1,753 20.9% 886 14.6% 1,787 16.6% 1,257 35.9% 2,409 24.8% 609 58.3% EKURHULENI - ALBERTON 301 3.6% 710 11.7% 952 8.8% 530 15.1% 1,246 12.8% 6 0.6% EKURHULENI - SPRINGS/BRAKPAN 158 1.9% 357 5.9% 193 1.8% 415 11.8% 507 5.2% 250 23.9% EKURHULENI - BENONI 986 11.7% 945 15.5% 1,004 9.3% 357 10.2% 780 8.0% 86 8.3% NOT ALLOCATED 42 0.5% 343 5.6% 405 3.8% 326 9.3% 601 6.2% 0 0.0% EKURHULENI - BOKSBURG 2,845 33.9% 1,643 27.0% 3,877 35.9% 274 7.8% 1,564 16.1% 37 3.6% EKURHULENI - GERMISTON 1,256 15.0% 555 9.1% 438 4.1% 250 7.1% 439 4.5% 56 5.4% EKURHULENI - BEDFORDVIEW 921 11.0% 600 9.9% 2,022 18.7% 89 2.5% 2,053 21.1% 0 0.0% EKURHULENI - EDENVALE 136 1.6% 40 0.7% 115 1.1% 6 0.2% 109 1.1% 0 0.0% Total 8,396 6,079 10,793 3,503 9,709 1,044

48 The Market Share is as follows:

49 50 The top commercial transactions greater than R5 million and limited to 50 for June 2015 are:

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

1 123,000,000 VIVIDEND INCOME FUND LTD CANDELA PROP HOLDINGS PTY LTD CLAYVILLE~7734~00000 EKURHULENI - KEMPTON PARK T42330/2015 2 56,717,528 INDLUPLACE PROP LTD FRIEDSHELF 1322 PTY LTD GEORGETOWN~521~00000 GEORGETOWN EKURHULENI - BEDFORDVIEW T21366/2015 3 51,100,000 TEXTON PROP FUND LTD REYA GOLA INV PTY LTD IR~139~00125 T42551/2015 4 47,880,000 WISPECO PROP PTY LTD TRUE PROP TRUST ALRODE~678~00001 EKURHULENI - ALBERTON T17781/2015 5 46,937,262 JIKA PROPS PTY LTD ASSETGROW INV 10 PTY LTD BRAKPAN-NOORD~2211~00000 BRAKPAN NORTH EKURHULENI - SPRINGS/BRAKPAN ST13121/2013 6 38,854,715 HYUNDAI AUTOMOTIVE SOUTH IMPERIAL GROUP PTY LTD APEX~398~00000 APEX EKURHULENI - BENONI T19617/2015 AFRICA PTY LTD APEX~399~00000 APEX EKURHULENI - BENONI T19617/2015 APEX~400~00000 APEX EKURHULENI - BENONI T19617/2015 APEX~407~00000 EKURHULENI - BENONI T19617/2015 7 36,958,000 MORBEI INV PTY LTD AGATTU TRADING PTY LTD DALPARK~3086~00000 EKURHULENI - SPRINGS/BRAKPAN T17569/2015 RILAREX PTY LTD AGATTU TRADING PTY LTD DALPARK~3086~00000 EKURHULENI - SPRINGS/BRAKPAN T17569/2015 8 25,000,000 LIVING AFRICA 2 PTY LTD BUSINESS VENTURE INV 1103 PTY LTD IR~85~00521 T56084/2015 BUSINESS VENTURE INV NO 1103 PTY IR~85~00394 T56084/2015 LTD IR~85~00397 EAST RAND EKURHULENI - BOKSBURG T56084/2015 PROPRIETARY MINES IR~85~00399 EAST RAND EKURHULENI - BOKSBURG T56084/2015 PROPRIETARY MINES 9 21,047,852 KOMATSU SOUTH AFRICA PTY LTD KOMATSU AFRICA HOLDINGS PTY LTD ISANDO~181~00000 ISANDO EKURHULENI - BOKSBURG T19066/2015 ISANDO~184~00000 ISANDO EKURHULENI - BOKSBURG T19066/2015 10 21,000,000 EMERGING MARKETS HOME LOANS COCO HAVEN 1185 PTY LTD COMET~471~00000 EAST RAND EKURHULENI - BOKSBURG ST20419/2015 ONE PTY LTD PROPRIETARY MINES MORE PROPERTIES ON TITLE DEED 11 16,000,000 ELEFNIX PTY LTD AGATTU TRADING PTY LTD DALPARK~3091~00000 EKURHULENI - SPRINGS/BRAKPAN T17571/2015 DALPARK~3092~00000 EKURHULENI - SPRINGS/BRAKPAN T17571/2015 12 15,320,000 S A RETAIL PROP PTY LTD S A CORPORATE REAL ESTATE TRUST SPARTAN~602~00218 SPARTAN EKURHULENI - KEMPTON PARK T43703/2015 SCHEME 13 14,700,000 SA RETAIL PROP PTY LTD S A CORPORATE REAL ESTATE TRUST JET PARK~44~00000 JET PARK EKURHULENI - BOKSBURG T19155/2015 SCHEME JET PARK~45~00000 JET PARK EKURHULENI - BOKSBURG T19155/2015 14 14,500,000 MEAT WORLD PROP & INV CC THERMAL CERAMICS SOUTH AFRICA PTY NEW ERA~152~00003 NEW ERA EKURHULENI - SPRINGS/BRAKPAN T20312/2015 LTD NEW ERA~222~00000 NEW ERA EKURHULENI - SPRINGS/BRAKPAN T20312/2015 15 14,400,000 S A RETAIL PROP PTY LTD S A CORPORATE REAL ESTATE TRUST SPARTAN~602~00231 SPARTAN EKURHULENI - KEMPTON PARK T56277/2015 SCHEME 16 13,908,000 TEICHMANN PLANT HIRE PTY LTD WIEHAHN PROP PTY LTD JR~404~00003 EKURHULENI - KEMPTON PARK T55052/2015 JR~404~00004 EKURHULENI - KEMPTON PARK T55052/2015 JR~404~00005 EKURHULENI - KEMPTON PARK T55052/2015 JR~404~00006 EKURHULENI - KEMPTON PARK T55052/2015 17 13,800,000 S A RETAIL PROP PTY LTD ABSA BANK LTD IR~31~00109 EKURHULENI - BENONI T42879/2015 18 12,900,000 S A RETAIL PROP PTY LTD S A CORPORATE REAL ESTATE TRUST SPARTAN~602~00227 SPARTAN EKURHULENI - KEMPTON PARK T42882/2015 SCHEME 19 12,680,448 ADZAM TRADING 176 PTY LTD PROPERTY HUNT PTY LTD IR~66~00101 EKURHULENI - BENONI T33142/2015 20 12,000,000 TRUZEN 67 TRUST SMITH JOHANNES CORNELIUS POMONA ESTATES~132~00000 POMONA ESTATES AH EKURHULENI - BENONI T36826/2015 21 12,000,000 LITTLE RIVER TRADING 12 PTY LTD MONGEN ASSETS PTY LTD CHLOORKOP~5361~00000 CHLOORKOP EKURHULENI - KEMPTON PARK T56322/2015 CHLOORKOP~5367~00000 CHLOORKOP EKURHULENI - KEMPTON PARK T56322/2015 22 11,300,000 SA RETAIL PROP PTY LTD S A CORPORATE REAL ESTATE TRUST WITFIELD~596~00000 JET PARK EKURHULENI - BOKSBURG T19154/2015 SCHEME 23 10,864,512 BASF SOUTH AFRICA PTY LTD C H C ELASTOGRAN PTY LTD TUNNEY~478~00000 TUNNEY EKURHULENI - BOKSBURG T14987/2015 24 10,100,000 S A RETAIL PROP PTY LTD MARTPROP PROP TRUST SCHEME MEADOWDALE~258~00000 MEADOWDALE EKURHULENI - BOKSBURG T19036/2015 25 9,959,263 KOMATSU SOUTH AFRICA PTY LTD KOMATSU AFRICA HOLDINGS PTY LTD ISANDO~692~00000 ISANDO EKURHULENI - BOKSBURG T19067/2015 26 9,630,000 SEDCOM N P C DUNAMIS INTERNATIONAL FAMILY IR~108~00673 T36220/2015 CHURCH 27 9,500,000 TOOTS COACHES CC BUS CENTRE INV PTY LTD IR~83~00145 ANDERBOLT EKURHULENI - BOKSBURG T55639/2015 28 9,200,000 BUFFSHELF 81 TRUST JACK MANN TRUST BENONI NORTH AH~153~00000 BENONI NORTH AH EKURHULENI - BENONI T33152/2015 29 8,500,000 TELSURE TRADING CC QUIGLEY-KING PROP MEADOWDALE~60~00000 MEADOWDALE EKURHULENI - BOKSBURG T18494/2015 30 8,500,000 TURNSTONE TRADING 52 CC ORANGE WOLMARANS PROP CC POMONA ESTATES~274~00005 EKURHULENI - BENONI T40560/2015 31 7,980,000 R N P PROP PTY LTD STURRETT TRADING PTY LTD GERMISTON~1075~00000 DRIEHOEK EKURHULENI - BEDFORDVIEW T22482/2015 GERMISTON~1379~00000 DRIEHOEK EKURHULENI - BEDFORDVIEW T22482/2015 32 7,410,000 WALALA WASALA TRADING PTY LTD DIPULA PROP INV TRUST BENONI~1161~00000 BENONI CENTRAL EKURHULENI - BENONI T18388/2015 BENONI~1162~00000 BENONI CENTRAL EKURHULENI - BENONI T18388/2015 33 7,272,727 HAT PROP NO 68 CC KNELL'S PROP ENTERPRISES PTY LTD BENONI~7599~00000 BENONI CENTRAL EKURHULENI - BENONI T16005/2015 34 7,000,000 TRANSVAAL HEAVY TRANSPORT T H T HOLDINGS PTY LTD ALRODE~127~00000 ALRODE EKURHULENI - ALBERTON T13948/2015 PROP TRUST 35 7,000,000 NUTACON PTY LTD H A LABUSCHAGNE TRUST ALRODE SOUTH~930~00000 ALRODE SOUTH EKURHULENI - ALBERTON T17302/2015 36 6,700,000 A B S A BANK LTD A B S A BANK LTD MEADOWDALE~207~00000 MEADOWDALE EKURHULENI - BOKSBURG T47249/2005 MARTPROP PROP TRUST SCHEME A B S A BANK LTD MEADOWDALE~207~00000 MEADOWDALE EKURHULENI - BOKSBURG T47249/2005 37 6,500,000 BORDSYD PROP CC ANTONIO AZEVEDO PESTANA IR~136~00003 EKURHULENI - GERMISTON T41386/2015 TESTAMENTARY TRUST 38 6,100,000 PAARDEPLAATS DREAM WORLD INV 416 PTY LTD DAGGAFONTEIN~325~00000 DAGGAFONTEIN EKURHULENI - SPRINGS/BRAKPAN T17858/2015 EIENDOMSMAATSKAPPY PTY LTD 39 6,100,000 SA RETAIL PROP PTY LTD S A CORPORATE REAL ESTATE TRUST MEADOWDALE~144~00000 MEADOWDALE EKURHULENI - BOKSBURG T19584/2015 SCHEME 40 6,000,000 PINNACLE URETHANE PTY LTD TWO PEAKS INV PTY LTD WADEVILLE~534~00023 WADEVILLE EKURHULENI - GERMISTON T19804/2015 41 5,928,000 DANGOLD SOUTH AFRICA PTY LTD ROSADORE INV TRUST WYCHWOOD~614~00000 EKURHULENI - BEDFORDVIEW T22628/2015 WYCHWOOD~615~00000 EKURHULENI - BEDFORDVIEW T22628/2015 42 5,900,000 ROBERTSON FAMILY TRUST SAUNDERS LYNETTE DENISE RYNFIELD~3535~00000 EBOTSE GOLF AND EKURHULENI - BENONI T20034/2015 COUNTRY ESTATE 43 5,900,000 S A RETAIL PROP PTY LTD S A CORPORATE REAL ESTATE TRUST SPARTAN~602~00254 SPARTAN EKURHULENI - KEMPTON PARK T45984/2015 SCHEME 44 5,800,000 SA RETAIL PROP PTY LTD A B S A BANK LTD JET PARK~18~00000 JET PARK EKURHULENI - BOKSBURG T19818/2015

51 45 5,325,000 SOUTH AFRICAN BREWERIES PTY MATLOTLO TRADING 94 PTY LTD CLAYVILLE~1015~00055 CLAYVILLE INDUSTRIAL EKURHULENI - KEMPTON PARK T37738/2015 LTD 46 5,325,000 SOUTH AFRICAN BREWERIES PTY MOGUL ENGINEERING CC CLAYVILLE~1015~00056 CLAYVILLE INDUSTRIAL EKURHULENI - KEMPTON PARK T37739/2015 LTD

Directors for these companies are:

Rank Buyer First Name Surname

1 VIVIDEND INCOME FUND LTD MARK JONATHAN KAPLAN GERALD GEORGE LEO LEISSNER IMRAAN EBRAHIM SULEMAN 2 INDLUPLACE PROP LTD 3 TEXTON PROP FUND LTD JOHN ALLASTAIR LEGH KYANSAMBO VUNDLA ROB KANE JOHN RUSSELL MACEY ANGELIQUE NORMA DE RAUVILLE THANDUXOLO SELBY SISHUBA PORTIA-MORWESI TAU-SEKATI NOSIPHIWO VUYOWETHU BALFOUR MATHYS JOHANNES VAN HEERDEN 4 WISPECO PROP PTY LTD ROLAND FRANZ RÖHRS PATRICIA NEL PETTIT 5 JIKA PROPS PTY LTD MARK JONATHAN KAPLAN YASMIN VUSIWE INEZ LEPILE IMRAAN EBRAHIM SULEMAN 6 HYUNDAI AUTOMOTIVE SOUTH AFRICA PTY LTD GARY KYLE BRAUDE CHARAINE CHARLOTTE LUDICK LINDIWE EVARISTA BAKORO TANYA BUYTENDORP MICHAEL HELMUT ROHDE MANUEL PERREIRA DE CANHA WADE DANIEL GRIFFIN STEPHEN JOHN CROSSE STANLEY KOEN ANDERSON BRUCE EDWARD NICHOLSON ALAN ROLFE ROSS ALBRECHT THEODOR GRUNDEL 7 MORBEI INV PTY LTD PIETER BEYERS JOHANNES ZACHARIAS MOOLMAN RILAREX PTY LTD MARTIN HARRIS WARREN KIRKWOOD SCHULTZE BAREND DE LOOR 8 LIVING AFRICA 2 PTY LTD 9 KOMATSU SOUTH AFRICA PTY LTD 10 EMERGING MARKETS HOME LOANS ONE PTY LTD MICHAEL BOLTON GREGORY JAMES CONNELLAN 11 ELEFNIX PTY LTD SEVASTI MERCOURIS ANDREW MERCOURIS 12 S A RETAIL PROP PTY LTD BENJAMIN SWANEPOEL ANTOINETTE MARGARET BASSON TERENCE RORY MACKEY 13 SA RETAIL PROP PTY LTD TERENCE RORY MACKEY ANTOINETTE MARGARET BASSON BENJAMIN SWANEPOEL 14 MEAT WORLD PROP & INV CC ANGELINO NORBERTO PEREIRA 16 TEICHMANN PLANT HIRE PTY LTD 19 ADZAM TRADING 176 PTY LTD RAJESH DAYANUND JULIA MARY PEIRSON RICHARD IAIN FISHER FRANCOIS PAUL DU TOIT DAVID JOHN ST CLAIR 20 TRUZEN 67 TRUST 21 LITTLE RIVER TRADING 12 PTY LTD EZRA AGHAI YOSEF MANN 23 BASF SOUTH AFRICA PTY LTD UWE SCHNEIDER KEVIN LEVEY STORMME GIBSON JOAN-MARIA GARCIA-GIRONA 26 SEDCOM N P C MAVIS ZODWA MWEEMBA HENRY ARTHUR LANGFORD EFFORT BHEBE MARTHINA MAGDALENA SCHEEPERS PETER RANDALL GELDERBLOEM HENDRINA MARIA ENGELBRECHT MAGDALENA MARIONANNE VILJOEN

52 26 SEDCOM N P C ANNA CECILIA BROWN URBAN JUNIOR NEGRE HERMIE MUNEZ ERIC ANDRE ODENDAAL NTOMBIZODWA ZIPHORAH KUNENE SYBIL GLENDA DU PREEZ TANKISO LETSELI TREVOR MLUNGISA KUNENE GIFT MWEEMBA RAMBELANI PETER MALIGUDU GIDEON PETRUS REYNEKE ANDREW WILFRED DU PREEZ EDWARD BARON GERALD THEODORE DU PREEZ 27 TOOTS COACHES CC IMRAAN YOUSUF PARUK ZUBEIDA YOUSUF PARUK YOUSUF SULIMAN PARUK 28 BUFFSHELF 81 TRUST 29 TELSURE TRADING CC DEFEI LIN XIN SUN 30 TURNSTONE TRADING 52 CC KIM RICHARD WILLIAMS 31 R N P PROP PTY LTD ZEEW KOFFLER 32 WALALA WASALA TRADING PTY LTD NASIR MOHAMED SALAN 33 HAT PROP NO 68 CC DAVID NICHOLAS HARDING PETER JOHN COWNIE MORNAY MARTIN TJAART COETZEE 34 TRANSVAAL HEAVY TRANSPORT PROP TRUST 35 NUTACON PTY LTD ROBIN MUGAWAZI HENDRIK ADRIAAN LABUSCHAGNE 36 MARTPROP PROP TRUST SCHEME A B S A BANK LTD 37 BORDSYD PROP CC ANTONIO JORGE VIEIRA FERNANDES FRANSISCO DA COSTA FARINHA FRANSISCO DE FREITAS FARINHA CARLOS AVELINO GOUVEIA FARINHA ANTONIO DAVIDE GOUVEIA FARINHA JOSE LIONEL GOUVEIA FARINHA CARLOS GONSALVES FARINHA 38 PAARDEPLAATS EIENDOMSMAATSKAPPY PTY LTD PIETER HENDRIK STRYDOM JOHN RODERCK GRAEME POLSON 40 PINNACLE URETHANE PTY LTD WAYNE ANTHONY PEREIRA SHAUN LESLIE STIRLING TAMARA DUKE PEREIRA 41 DANGOLD SOUTH AFRICA PTY LTD JOSE MANUEL DA CAMARA FRANCOIS BEZUIDENHOUT ROQERIO CORREIA DINIZ 42 ROBERTSON FAMILY TRUST 45 SOUTH AFRICAN BREWERIES PTY LTD YOKESH MAHARAJ MILES CHARLES BROMLEY SAXBY ANDREA QUAYE ANDREW CARL WOLFF YOLANDA CUBA MATHEW JAMES DUNN MONWABISI PETER FANDESO KHAYALETHU NGCWEMBE MAURICIO LEYVA ARBOLEDA STANISLAV MAAR

53 The top commercial mortgages greater than R5 million and limited to 50 in June 2015 are:

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

1 500,000,000 S A RETAIL PROP PTY LTD ABSA SPARTAN~602~00231 SPARTAN EKURHULENI - KEMPTON PARK 201506 2 125,000,000 RILAREX PTY LTD NEDBANK DALPARK~3086~00000 EKURHULENI - 201506 SPRINGS/BRAKPAN 3 125,000,000 RILAREX PTY LTD NEDBANK DALPARK~3086~00000 EKURHULENI - 201506 SPRINGS/BRAKPAN 4 75,000,000 ADZAM TRADING 176 PTY LTD INVESTEC IR~66~00101 EKURHULENI - BENONI 201506 5 65,500,000 VIVIDEND INCOME FUND LTD NEDBANK CLAYVILLE~109~00000 CLAYVILLE EKURHULENI - KEMPTON PARK 201506 CLAYVILLE~110~00000 CLAYVILLE EKURHULENI - KEMPTON PARK 201506 CLAYVILLE~111~00000 CLAYVILLE EKURHULENI - KEMPTON PARK 201506 CLAYVILLE~112~00000 CLAYVILLE EKURHULENI - KEMPTON PARK 201506 CLAYVILLE~4313~00000 EKURHULENI - KEMPTON PARK 201506 CLAYVILLE~7734~00000 EKURHULENI - KEMPTON PARK 201506 6 60,000,000 COSMOPOLITAN PROJECTS JOHANNESBURG PTY STANDARD WINDMILL PARK~8154~00020 WINDMILL PARK EKURHULENI - BOKSBURG 201311 LTD WINDMILL PARK~8154~00150 WINDMILL PARK EKURHULENI - BOKSBURG 201311 7 50,000,000 NAHEEL INV PTY LTD INVESTEC KLIPPOORTJE AL~178~00000 HAZELDENE EKURHULENI - GERMISTON 201506 8 35,000,000 CARNIVAL CITY DEV PTY LTD NEDBANK SALFIN~724~00000 SALFIN EKURHULENI - BOKSBURG 201409 SALFIN~726~00000 SALFIN EKURHULENI - BOKSBURG 201409 SALFIN~816~00000 SALFIN EKURHULENI - BOKSBURG 201409 9 20,000,000 ZENDAI DEV SOUTH AFRICA PTY LTD OTHER BANK IR~33~00221 201506 10 15,000,000 DIANN BELEGGINGS CC NEDBANK ANDERBOLT~261~00000 EKURHULENI - BOKSBURG 201506 11 15,000,000 BAIT AWAY TRADING PTY LTD NEDBANK KEMPTON PARK~2781~00000 KEMPTON PARK CENTRAL EKURHULENI - KEMPTON PARK 201506 12 13,000,000 JHB 101 INV PTY LTD OTHER BANK BEDFORDVIEW~2952~00000 BEDFORDVIEW EKURHULENI - BEDFORDVIEW 201312 MORE PROPERTIES ON BOND 13 11,400,000 MUSHROOMS CORDON BLEU PTY LTD ABSA JR~413~00070 EKURHULENI - KEMPTON PARK 201506 14 10,000,000 DIAS & SON MANAGEMENT PTY LTD OTHER BANK MEYERSDAL NATURE MEYERSDAL NATURE ESTATE EKURHULENI - ALBERTON 201506 ESTATE~313~00000 15 9,000,000 TOOTS COACHES CC FIRSTRAND IR~83~00145 ANDERBOLT EKURHULENI - BOKSBURG 201506 16 8,800,000 COUNTRY ESTATES CC ABSA JR~413~00003 EKURHULENI - KEMPTON PARK 201506 17 8,000,000 LORDOS PTY LTD NEDBANK SUNWARD PARK~1739~00000 SUNWARD PARK EKURHULENI - BOKSBURG 201506 18 8,000,000 LITTLE RIVER TRADING 12 PTY LTD NEDBANK CHLOORKOP~5361~00000 CHLOORKOP EKURHULENI - KEMPTON PARK 201506 CHLOORKOP~5367~00000 CHLOORKOP EKURHULENI - KEMPTON PARK 201506 19 6,000,000 DASHING-ANGLO DIRECT DIVISION CC NEDBANK RANDHART~1736~00000 RANDHART EKURHULENI - ALBERTON 201506 20 6,000,000 PINNACLE URETHANE PTY LTD FIRSTRAND WADEVILLE~534~00023 WADEVILLE EKURHULENI - GERMISTON 201506 21 6,000,000 ROWAN FEED PTY LTD NEDBANK IR~71~00042 HOLFONTEIN 71 IR EKURHULENI - BENONI 201506 22 5,350,000 TELSURE TRADING CC FIRSTRAND MEADOWDALE~60~00000 MEADOWDALE EKURHULENI - BOKSBURG 201506 23 5,200,000 YASPROP TWO INV PTY LTD INVESTEC BENONI~1055~00000 BENONI CENTRAL EKURHULENI - BENONI 201506

Directors for these companies are:

Rank Buyer First Name Surname

1 S A RETAIL PROP PTY LTD BENJAMIN SWANEPOEL ANTOINETTE MARGARET BASSON TERENCE RORY MACKEY 2 RILAREX PTY LTD MARTIN HARRIS WARREN KIRKWOOD SCHULTZE BAREND DE LOOR 4 ADZAM TRADING 176 PTY LTD RAJESH DAYANUND JULIA MARY PEIRSON RICHARD IAIN FISHER FRANCOIS PAUL DU TOIT DAVID JOHN ST CLAIR 5 VIVIDEND INCOME FUND LTD MARK JONATHAN KAPLAN GERALD GEORGE LEO LEISSNER IMRAAN EBRAHIM SULEMAN 6 COSMOPOLITAN PROJECTS JOHANNESBURG PTY LTD ANTON CROUSE PIERRE LEON LUDICK JOHANN MARTHINUS VORSTER 7 NAHEEL INV PTY LTD RICHARD MURRAY HYATT GRAIG ANDREW AKAL 8 CARNIVAL CITY DEV PTY LTD CHRISTOPHER GEORGE RENECLE JOHANNES HENDRIK SNYMAN WILLEM ADRIAAN ODENDAAL NICHOLAS JOHN BUCK 9 ZENDAI DEV SOUTH AFRICA PTY LTD LETICIA POTTS NGAN HUNG WONG JOHANNES ARNOLDUS DIEPENBROEK ANTONIUS WENHUI DU LI HUA LI 10 DIANN BELEGGINGS CC ADRE AN SCHALKWYK ISAK JOHANNES VAN SCHALKWYK 11 BAIT AWAY TRADING PTY LTD STEVEN BERNARD HERRING 54 11 BAIT AWAY TRADING PTY LTD MENACHEM MENDEL GOLDMAN 12 JHB 101 INV PTY LTD 13 MUSHROOMS CORDON BLEU PTY LTD GIDEON JOHANNES STANDER JOSEPH MORRIS GILBERT JAN ANDRIES MARTHINUS ENGELBRECHT DELMAS DATA NICHOLAS JOHANNES MULLER 14 DIAS & SON MANAGEMENT PTY LTD CALVIN LUIS DIAS 15 TOOTS COACHES CC IMRAAN YOUSUF PARUK ZUBEIDA YOUSUF PARUK YOUSUF SULIMAN PARUK 16 COUNTRY ESTATES CC GIANNI CRESTANELLO DANIELLE CRESTANELLO CLAUDIO CRESTANELLO 17 LORDOS PTY LTD ANDREAS CHRISTOU 18 LITTLE RIVER TRADING 12 PTY LTD EZRA AGHAI YOSEF MANN 19 DASHING-ANGLO DIRECT DIVISION CC HEIN ODENDAAL 20 PINNACLE URETHANE PTY LTD WAYNE ANTHONY PEREIRA SHAUN LESLIE STIRLING TAMARA DUKE PEREIRA 21 ROWAN FEED PTY LTD DE MING SU 22 TELSURE TRADING CC DEFEI LIN XIN SUN 23 YASPROP TWO INV PTY LTD YASEEN TAYOB

55 2.1.5 Ethekwini Municipality

The transactional activity (R Million) is as follows:

Node 2012 2013 2014 2015 YTD Jul 2014 - Jun 2015 June 2015

DURBAN - NORTH 2,453 30.0% 3,602 41.8% 2,891 34.0% 1,541 42.2% 2,875 32.8% 463 38.0% DURBAN - WEST 1,703 20.8% 1,704 19.8% 1,563 18.4% 849 23.3% 1,908 21.8% 413 34.0% DURBAN - SOUTH 1,633 20.0% 910 10.5% 1,750 20.6% 789 21.6% 2,030 23.2% 190 15.6% DURBAN - CENTRAL 2,382 29.1% 2,367 27.5% 2,299 27.0% 469 12.8% 1,939 22.2% 152 12.4% NOT ALLOCATED 6 0.1% 40 0.5% 0 0.0% 0 0.0% 0 0.0% 0 0.0% Total 8,177 8,622 8,503 3,648 8,753 1,217

The bond activity (R Million) is as follows:

Node 2012 2013 2014 2015 YTD Jul 2014 - Jun June 2015 2015 DURBAN - NORTH 2,551 38.4% 2,802 41.0% 2,439 33.6% 1,771 41.4% 2,985 34.7% 239 14.1% DURBAN - CENTRAL 1,435 21.6% 1,434 21.0% 1,229 16.9% 1,317 30.8% 2,090 24.3% 1,000 59.1% DURBAN - WEST 1,621 24.4% 1,372 20.1% 2,233 30.7% 724 16.9% 2,335 27.2% 232 13.7% DURBAN - SOUTH 1,036 15.6% 1,232 18.0% 1,368 18.8% 465 10.9% 1,182 13.8% 220 13.0% Total 6,643 6,840 7,270 4,277 8,591 1,691

56 The Market Share is as follows:

57 58 The top commercial transactions greater than R5 million and limited to 50 for June 2015 are:

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

1 135,000,000 DUBE TRADEPORT CORPORATION CANELANDS TRUST-TRUSTEES FU~1575~01240 DURBAN - NORTH T18280/2015 FU~1575~01970 DURBAN - NORTH T18280/2015 2 115,500,000 J T ROSS PROPERTIES PROPRIETARY LIMITED SCAW SOUTH AFRICA PTY LTD WENTWORTH~870~00000 JACOBS DURBAN - SOUTH T13836/2015 3 111,000,000 DUBE TRADEPORT CORPORATION TONGAAT HULETT LIMITED MOUNT MORELAND~129~00000 MOUNT MORELAND DURBAN - NORTH T14694/2015 MOUNT MORELAND~133~00000 MOUNT MORELAND DURBAN - NORTH T14694/2015 TONGAAT-HULETT GROUP LTD MOUNT MORELAND~109~00000 MOUNT MORELAND DURBAN - NORTH T14694/2015 TONGAAT-HULETT LTD FU~1575~00245 DURBAN - NORTH T14694/2015 MOUNT MORELAND~113~00000 MOUNT MORELAND DURBAN - NORTH T14694/2015 MOUNT MORELAND~114~00000 MOUNT MORELAND DURBAN - NORTH T14694/2015 MOUNT MORELAND~115~00000 MOUNT MORELAND DURBAN - NORTH T14694/2015 MOUNT MORELAND~124~00000 MOUNT MORELAND DURBAN - NORTH T14694/2015 MOUNT MORELAND~131~00000 MOUNT MORELAND DURBAN - NORTH T14694/2015 MOUNT MORELAND~132~00000 MOUNT MORELAND DURBAN - NORTH T14694/2015 MORE PROPERTIES ON TITLE DEED 4 74,000,000 SA RETAIL PROPERTIES PROPRIETARY LIMITED SA CORPORATE REAL ESTATE TRUST PINETOWN~6869~00000 NORTH INDUSTRIA DURBAN - WEST T16144/2015 SCHEME 5 57,700,000 SA RETAIL PROPERTIES PROPRIETARY LIMITED SA CORPORATE REAL ESTATE TRUST MOUNT EDGECOMBE~2904~00000 MOUNT EDGECOMBE DURBAN - NORTH T17562/2015 SCHEME 6 48,780,000 SA RETAIL PROPERTIES PROPRIETARY LIMITED FIRSTRAND BANK LIMITED DURBAN~2252~00000 MUSGRAVE DURBAN - CENTRAL T16695/2015 DURBAN~2253~00001 MUSGRAVE DURBAN - CENTRAL T16695/2015 DURBAN~2253~00002 MUSGRAVE DURBAN - CENTRAL T16695/2015 DURBAN~2253~00010 MUSGRAVE DURBAN - CENTRAL T16695/2015 DURBAN~2253~00011 MUSGRAVE DURBAN - CENTRAL T16695/2015 7 33,500,000 SA RETAIL PROPERTIES PROPRIETARY LIMITED SA CORPORATE REAL ESTATE TRUST PINETOWN~2198~00000 NORTH INDUSTRIA DURBAN - WEST T15816/2015 SCHEME 8 27,850,000 SA RETAIL PROPERTIES PROPRIETARY LIMITED SA CORPORATE REAL ESTATE TRUST PINETOWN~19251~00000 WESTMEAD DURBAN - WEST T15813/2015 SCHEME 9 27,000,000 AFRICAN HOTEL DEVELOPMENT DURBAN HILBERRY INV PTY LTD DURBAN~12571~00000 OLD FORT DURBAN - CENTRAL T18008/2015 PROPRIETARY LIMITED 10 25,900,000 SA RETAIL PROPERTIES PROPRIETARY LIMITED SA CORPORATE REAL ESTATE TRUST PINETOWN~6853~00000 PINETOWN CENTRAL DURBAN - WEST T15655/2015 SCHEME 11 25,500,000 SMITH SELECT PROPERTIES PROPRIETARY ONTRAK INV 160 PTY LTD PINETOWN~2345~00000 PINETOWN CENTRAL DURBAN - WEST T18183/2015 LIMITED 12 24,900,000 SA RETAIL PROPERTIES PROPRIETARY LIMITED SA CORPORATE REAL ESTATE TRUST PINETOWN~17775~00000 TSHELIMNYAMA DURBAN - WEST T18172/2015 SCHEME 13 24,000,000 SA RETAIL PROPERTIES PROPRIETARY LIMITED SA CORPORATE REAL ESTATE TRUST PINETOWN~19822~00000 WESTMEAD DURBAN - WEST T15829/2015 SCHEME 14 20,800,000 SA RETAIL PROPERTIES PROPRIETARY LIMITED SA CORPORATE REAL ESTATE TRUST WESTVILLE~3779~00000 WESTVILLE DURBAN - WEST T15665/2015 SCHEME 15 19,150,000 SA RETAIL PROPERTIES PROPRIETARY LIMITED SA CORPORATE REAL ESTATE TRUST PINETOWN~19250~00000 TSHELIMNYAMA DURBAN - WEST T15812/2015 SCHEME 16 19,050,000 SA RETAIL PROPERTIES PROPRIETARY LIMITED SA CORPORATE REAL ESTATE TRUST PINETOWN~6911~00000 NORTH INDUSTRIA DURBAN - WEST T16145/2015 SCHEME 17 19,000,000 MALVERN ENGINEERING PROPERTIES UMGENI IRON INV PTY LTD DURBAN NORTH~3723~00000 BRIARDENE DURBAN - NORTH T13534/2015 PROPRIETARY LIMITED 18 18,100,000 SA RETAIL PROPERTIES PROPRIETARY LIMITED SA CORPORATE REAL ESTATE TRUST PINETOWN~2234~00001 NORTH INDUSTRIA DURBAN - WEST T15817/2015 SCHEME PINETOWN~2234~00002 NORTH INDUSTRIA DURBAN - WEST T15817/2015 PINETOWN~2234~00003 NORTH INDUSTRIA DURBAN - WEST T15817/2015 19 18,000,000 SA RETAIL PROPERTIES PROPRIETARY LIMITED SA CORPORATE REAL ESTATE TRUST RIVERHORSE VALLEY~1~00041 RIVERHORSE VALLEY DURBAN - NORTH T15984/2015 SCHEME 20 17,700,000 SA RETAIL PROPERTIES PROPRIETARY LIMITED SA CORPORATE REAL ESTATE TRUST WESTVILLE~3721~00000 BEVERLEY HILLS DURBAN - WEST T15981/2015 SCHEME 21 16,250,000 SA RETAIL PROPERTIES PROPRIETARY LIMITED SA CORPORATE REAL ESTATE TRUST PINETOWN~30617~00000 SURPRISE FARM DURBAN - WEST T15664/2015 SCHEME 22 15,500,000 KZN RETAIL PROPERTY INVESTMENTS STYLEPROPS 21 PTY LTD LA LUCIA~2746~00009 LA LUCIA DURBAN - NORTH T10478/2015 PROPRIETARY LIMITED 23 15,400,000 SA RETAIL PROPERTIES PROPRIETARY LIMITED SA CORPORATE REAL ESTATE TRUST SPRINGFIELD NATAL~391~00110 UMGENI BUSINESS DURBAN - CENTRAL T15985/2015 SCHEME PARK SPRINGFIELD NATAL~391~00135 UMGENI BUSINESS DURBAN - CENTRAL T15985/2015 PARK 24 15,000,000 GILLESPIE ARMSTRONG FAMILY TRUST CANELANDS TRUST-TRUSTEES FT~818~00006 DURBAN - NORTH T18281/2015 FT~818~00007 DURBAN - NORTH T18281/2015 FT~818~00015 DURBAN - NORTH T18281/2015 FT~818~00021 DURBAN - NORTH T18281/2015 FT~818~00046 DURBAN - NORTH T18281/2015 FT~818~00130 DURBAN - NORTH T18281/2015 FT~818~00137 DURBAN - NORTH T18281/2015 FT~829~00003 DURBAN - NORTH T18281/2015 25 14,535,000 NEWCASTLE STEELWORKS PROPRIETARY IDADA TRADING 106 PTY LTD FT~14414~00000 DURBAN - WEST T13544/2015 LIMITED 26 14,000,000 SA RETAIL PROPERTIES PROPRIETARY LIMITED SA CORPORATE REAL ESTATE TRUST NEW GERMANY~1532~00000 PINESIDE DURBAN - WEST T15815/2015 SCHEME NEW GERMANY~1533~00000 PINESIDE DURBAN - WEST T15815/2015 NEW GERMANY~1534~00000 PINESIDE DURBAN - WEST T15815/2015 NEW GERMANY~1535~00000 PINESIDE DURBAN - WEST T15815/2015 27 13,500,000 EDMANAMIX PROPRIETARY LIMITED MILE INVESTMENTS 225 PROPRIETARY UMHLANGA ROCKS~379~00009 UMHLANGA ROCKS DURBAN - NORTH ST16249/2015 LIMITED 28 13,400,000 SA RETAIL PROPERTIES PROPRIETARY LIMITED SA CORPORATE REAL ESTATE TRUST SPRINGFIELD NATAL~391~00023 UMGENI BUSINESS DURBAN - CENTRAL T16435/2015 SCHEME PARK 29 13,000,000 EBZA PROPERTIES PROPRIETARY LIMITED ROSCHELLE INVESTMENTS CC PHOENIX INDUSTRIAL PHOENIX INDUSTRIAL DURBAN - NORTH T15647/2015 PARK~160~00000 30 12,961,800 JARVIE HOLDINGS PROPRIETARY LIMITED SPARE PARTS PROPERTIES PROPRIETARY DUNNS GRANT~16~00003 CLAIRWOOD DURBAN - SOUTH T17398/2015 LIMITED

59 31 12,725,250 PENALTEN INVESTMENTS PROPRIETARY DEVE INVESTMENTS PROPRIETARY LIMITED UMHLANGA ROCKS~3140~00015 UMHLANGA RIDGESIDE DURBAN - NORTH T15883/2015 LIMITED 32 12,100,000 FERIZA INVESTMENTS CC JARVIE HOLDINGS PROPRIETARY LIMITED DUNNS GRANT~16~00003 CLAIRWOOD DURBAN - SOUTH T17399/2015 33 12,000,000 WEST END CENTRE CC WHEEL TRUST-TRUSTEES DURBAN NORTH~3474~00053 BRIARDENE DURBAN - NORTH T14798/2015 34 11,400,000 ALVARADO INVESTMENTS CC CATTRYSSE INV PTY LTD DURBAN~974~00000 WINDERMERE DURBAN - CENTRAL T16734/2015 35 10,800,000 SA RETAIL PROPERTIES PROPRIETARY LIMITED SA CORPORATE REAL ESTATE TRUST DURBAN NORTH~3473~00004 RED HILL DURBAN - NORTH T15672/2015 SCHEME 36 9,800,000 SA RETAIL PROPERTIES PROPRIETARY LIMITED SA CORPORATE REAL ESTATE TRUST PINETOWN~7720~00000 WESTMEAD DURBAN - WEST T14855/2015 SCHEME 37 9,600,000 EDMANETIX PROPRIETARY LIMITED APLOZEST CC SPRINGFIELD NATAL~391~00049 UMGENI BUSINESS DURBAN - CENTRAL T15617/2015 PARK 38 8,700,000 AL SAFA TRUST THORNOX PROPERTIES PTY LTD DUNNS GRANT~18~00014 CLAIRWOOD DURBAN - SOUTH T17245/2015 39 8,500,000 THE NATVARLAL BHAILAL PATEL FAMILY TRUST CAINE SHAUN KELLY UMHLANGA ROCKS~3132~00000 UMHLANGA ROCKS DURBAN - NORTH ST14099/2015 40 8,476,470 SAMUELS REAL ESTATE PROPRIETARY LIMITED TONGAAT HULETT DEVELOPMENTS CORNUBIA~28~00046 DURBAN - NORTH T16798/2015 PROPRIETARY LIMITED 41 8,000,000 JORDISTAR PROPRIETARY LIMITED S C PLASTICS PROPRIETARY LIMITED ET~16946~00004 DURBAN - SOUTH T13798/2015 ET~16946~00009 DURBAN - SOUTH T13798/2015 ET~16946~00010 DURBAN - SOUTH T13798/2015 42 8,000,000 FALDOPRO PROPRIETARY LIMITED COX GAVIN CHARLES FT~957~00302 HILLCREST PARK DURBAN - WEST T13838/2015 43 7,939,530 4-SITE PROJECTS PROPRIETARY LIMITED TONGAAT HULETT DEVELOPMENTS CORNUBIA~28~00055 DURBAN - NORTH T16233/2015 PROPRIETARY LIMITED 44 7,900,000 SA RETAIL PROPERTIES PROPRIETARY LIMITED SA CORPORATE REAL ESTATE TRUST PINETOWN~4590~00000 PINETOWN CENTRAL DURBAN - WEST T15814/2015 SCHEME 45 7,900,000 THE HAWAAN FOREST ESTATE 191/192 HAWAAN INVESTMENTS PROPRIETARY HAWAAN FOREST HAWAAN FOREST DURBAN - NORTH T16463/2015 RESIDENCE TRUST LIMITED ESTATE~191~00000 ESTATE HAWAAN FOREST HAWAAN FOREST DURBAN - NORTH T16463/2015 ESTATE~192~00000 ESTATE 46 7,500,000 GETAMA RETAIL CC GILLIES LYNNE CAMPBELL- CLANSTHAL~74~00000 CLANSTHAL DURBAN - SOUTH T17274/2015 47 7,421,000 DAVEGLEN 546 INVESTMENTS PROPRIETARY KENNETH GARDENS INV CC DURBAN~8965~00000 UMBILO DURBAN - CENTRAL T18278/2015 LIMITED 48 7,196,000 ATTWOOD PROPERTIES (PTY) LTD BERITE PROPERTIES CC DURBAN NORTH~1982~00000 DURBAN NORTH DURBAN - NORTH T16913/2015 49 7,000,000 THE ROSENBERG FAMILY TRUST CINZACO 157 PTY LTD LA LUCIA~1861~00000 UMHLANGA ROCKS DURBAN - NORTH ST13677/2015 50 7,000,000 RAJKARAN FAMILY TRUST LUIZINHO GRACE LA LUCIA~2695~00000 LA LUCIA DURBAN - NORTH T14193/2015

Directors of these companies are:

Rank Buyer First Name Surname

1 DUBE TRADEPORT CORPORATION 2 J T ROSS PROPERTIES PROPRIETARY LIMITED MELANIE ANN GILLESPIE DOUGLAS GARTH ROSS 3 MORE PROPERTIES ON TITLE DEED 4 SA RETAIL PROPERTIES PROPRIETARY LIMITED BENJAMIN SWANEPOEL ANTOINETTE MARGARET BASSON TERENCE RORY MACKEY 9 AFRICAN HOTEL DEVELOPMENT DURBAN PROPRIETARY LIMITED 11 SMITH SELECT PROPERTIES PROPRIETARY LIMITED THOMAS WILLIAM SMITH THOMAS WILLIAM FRANCIS SMITH 17 MALVERN ENGINEERING PROPERTIES PROPRIETARY LIMITED GEOFFREY DAVID BARNETT MAUREEN BARNETT PETER ALEXANDER WILSON GREGORY JOHN MORLEY-JEPSON 22 KZN RETAIL PROPERTY INVESTMENTS PROPRIETARY LIMITED REINHOLD FRIEDRICH WARTHER MARTIN GEORGE HAYWARD NICHOLAS PETER WARTHER 24 GILLESPIE ARMSTRONG FAMILY TRUST 25 NEWCASTLE STEELWORKS PROPRIETARY LIMITED GOOLAM HOOSEN TAR MAHOMED SULEMAN 27 EDMANAMIX PROPRIETARY LIMITED JASON PAUL STAATS RUSSELL GARTH HAMPSON IAN STUART WALKER LAMBIE 29 EBZA PROPERTIES PROPRIETARY LIMITED ZAHED YUNUS MAHOMEDY EBRAHIM AHMED AMRA 30 JARVIE HOLDINGS PROPRIETARY LIMITED ANDREW DAVID JARVIE ERIC IVAN JARVIE JAMES JARVIE GRAEME IAN JARVIE 31 PENALTEN INVESTMENTS PROPRIETARY LIMITED PANAYOTA KARPODINIS 32 FERIZA INVESTMENTS CC RIZWANA JOOSAB FAZILA BANOO AMOD JOOSAB ZAAKERA AKOO 33 WEST END CENTRE CC HASEENA OMAR RIDWAN ISMAIL OMAR SHAMEEMA OMAR ISMAIL OMAR MUHAMMAD ISMAIL OMAR HAYTHAM ISMAIL OMAR MANAAL OMAR ZEENAT OMAR 34 ALVARADO INVESTMENTS CC PAVAN SHREE 37 EDMANETIX PROPRIETARY LIMITED JOHN-LOUIS O`NIEL

60 38 AL SAFA TRUST 39 THE NATVARLAL BHAILAL PATEL FAMILY TRUST 40 SAMUELS REAL ESTATE PROPRIETARY LIMITED DARIN DAVID SAMUELS 41 JORDISTAR PROPRIETARY LIMITED LYNTON MARK ROBERTS STUART JAMES MACLEOD-HENDERSON 42 FALDOPRO PROPRIETARY LIMITED ANTON LEONARD MOSTERT GARTH LYLE MAYNARD DENNY MARK RICHARD RENDLE JOHNSON 43 4-SITE PROJECTS PROPRIETARY LIMITED JOHN RICHARD VEASEY 45 THE HAWAAN FOREST ESTATE 191/192 RESIDENCE TRUST 46 GETAMA RETAIL CC HENDRIK ULRICH GEYSER WAYNE CRAIG MAYER NEIL JOHN SCOTT TAYLOR 47 DAVEGLEN 546 INVESTMENTS PROPRIETARY LIMITED 48 ATTWOOD PROPERTIES (PTY) LTD CHRISTOPHER DONALD ATTWOOD 49 THE ROSENBERG FAMILY TRUST 50 RAJKARAN FAMILY TRUST

The top commercial mortgages greater than R5 million and limited to 50 in June 2015 are:

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

1 500,000,000 S A RETAIL PROPERTIES PTY LTD ABSA DURBAN~2251~00000 MUSGRAVE DURBAN - CENTRAL 201506 DURBAN~2252~00001 MUSGRAVE DURBAN - CENTRAL 201506 2 500,000,000 SA CORPORATE REAL ESTATE TRUST ABSA SPRINGFIELD NATAL~15~00000 MORNINGSIDE DURBAN - CENTRAL 201506 SCHEME 3 220,000,000 J T ROSS PROPERTIES PROPRIETARY NEDBANK WENTWORTH~870~00000 JACOBS DURBAN - SOUTH 201506 LIMITED 4 120,000,000 PENALTEN INVESTMENTS PROPRIETARY STANDARD UMHLANGA ROCKS~3140~00015 UMHLANGA RIDGESIDE DURBAN - NORTH 201506 LIMITED 5 58,000,000 FALDOPRO PROPRIETARY LIMITED NEDBANK FT~957~00302 HILLCREST PARK DURBAN - WEST 201506 6 50,000,000 BRAIT INV LTD NEDBANK PINETOWN~2154~00001 NORTH INDUSTRIA DURBAN - WEST 201506 HI-PRIME PROPERTY INV PTY LTD NEDBANK PINETOWN~2154~00001 NORTH INDUSTRIA DURBAN - WEST 201506 7 50,000,000 MUSASA TRADING PTY LTD NEDBANK FU~1560~00761 UMHLANGA RIDGE NEW TOWN DURBAN - NORTH 201506 CENTRE 8 30,000,000 ALDABRI 29 PTY LTD INVESTEC PINETOWN~2808~00000 PINETOWN CENTRAL DURBAN - WEST 201506 9 22,000,000 ALTIX HOLDINGS PROPRIETARY LIMITED NEDBANK FT~957~00086 ST HELIER EXT 1 DURBAN - WEST 201309 10 20,000,000 CORNUBIA PROPERTIES PROPRIETARY NEDBANK CORNUBIA~28~00042 OTTAWA UNITS DURBAN - NORTH 201506 LIMITED 11 20,000,000 THE RODEV TRUST NEDBANK PINETOWN~31564~00001 MAXMEAD DURBAN - WEST 201506 12 17,000,000 PEGMA SEVEN INVESTMENTS PROPRIETARY NEDBANK WESTVILLE~2313~00000 BEREA WEST DURBAN - WEST 201506 LIMITED 13 17,000,000 SMITH SELECT PROPERTIES PROPRIETARY NEDBANK PINETOWN~2345~00000 PINETOWN CENTRAL DURBAN - WEST 201506 LIMITED 14 13,500,000 BLUE DOT PROPERTIES 1358 CC NEDBANK PINETOWN~2017~00001 NORTH INDUSTRIA DURBAN - WEST 201506 15 12,000,000 THE ANDREW DOUGALL CHILDRENS TRUST GRINDROD DURBAN NORTH~3135~00010 DURBAN NORTH DURBAN - NORTH 201506 16 12,000,000 PRETORIUS VYNITA LEIGH NEDBANK PINETOWN~31564~00001 MAXMEAD DURBAN - WEST 201506 17 11,000,000 EBZA PROPERTIES PROPRIETARY LIMITED OTHER BANK PHOENIX INDUSTRIAL PHOENIX INDUSTRIAL DURBAN - NORTH 201506 PARK~160~00000 18 10,125,000 EDMANAMIX PROPRIETARY LIMITED INVESTEC UMHLANGA ROCKS~379~00009 UMHLANGA ROCKS DURBAN - NORTH 201506 19 9,000,000 JOHN CORCORAN FAMILY TRUST-TRUSTEES INVESTEC PINETOWN~7577~00000 WESTMEAD DURBAN - WEST 201506 20 8,500,000 AL SAFA TRUST OTHER BANK DUNNS GRANT~18~00014 CLAIRWOOD DURBAN - SOUTH 201506 21 8,000,000 WINVEST ONE PTY LTD NEDBANK FU~16740~00093 LA LUCIA DURBAN - NORTH 201506 22 7,500,000 TRELAWNEY TRUST INVESTEC HAWAAN FOREST ESTATE~199~00000 HAWAAN FOREST ESTATE DURBAN - NORTH 201506 23 6,000,000 G T K INDUSTRIAL & ENGINEERING SUPLLIES NEDBANK DURBAN NORTH~3483~00003 COROVOCA TOWNSHIP DURBAN - NORTH 201506 CC 24 5,602,850 RAJKARAN FAMILY TRUST INVESTEC LA LUCIA~2695~00000 LA LUCIA DURBAN - NORTH 201506 25 5,500,000 KEMAYU CC INVESTEC ASSAGAY~79~00004 ASSAGAY DURBAN - WEST 201506

Directors of these companies are:

Rank Buyer First Name Surname

1 S A RETAIL PROPERTIES PTY LTD 2 SA CORPORATE REAL ESTATE TRUST SCHEME 3 J T ROSS PROPERTIES PROPRIETARY LIMITED MELANIE ANN GILLESPIE DOUGLAS GARTH ROSS 4 PENALTEN INVESTMENTS PROPRIETARY LIMITED PANAYOTA KARPODINIS 5 FALDOPRO PROPRIETARY LIMITED ANTON LEONARD MOSTERT GARTH LYLE MAYNARD DENNY MARK RICHARD RENDLE JOHNSON 6 BRAIT INV LTD HI-PRIME PROPERTY INV PTY LTD STEVEN BERNARD HERRING 7 MUSASA TRADING PTY LTD ANTON LEONARD MOSTERT 8 ALDABRI 29 PTY LTD SIBUSISO MICHAEL MAZIYA PAULOS NKOSENYE NGCOBO 61 9 ALTIX HOLDINGS PROPRIETARY LIMITED ANTON LEONARD MOSTERT 10 CORNUBIA PROPERTIES PROPRIETARY LIMITED DONALD AINSLIE COCHRAN PETRUS SCHOLTZ DONALD WILLIAM HUNTER 11 THE RODEV TRUST 12 PEGMA SEVEN INVESTMENTS PROPRIETARY LIMITED ANTON LEONARD MOSTERT VICTORIA BEATRICE MOSTERT 13 SMITH SELECT PROPERTIES PROPRIETARY LIMITED THOMAS WILLIAM SMITH THOMAS WILLIAM FRANCIS SMITH 14 BLUE DOT PROPERTIES 1358 CC BRENDAN JOHN DU RANDT LEON ROBERT KOHNE 15 THE ANDREW DOUGALL CHILDRENS TRUST 16 PRETORIUS VYNITA LEIGH 17 EBZA PROPERTIES PROPRIETARY LIMITED ZAHED YUNUS MAHOMEDY EBRAHIM AHMED AMRA 18 EDMANAMIX PROPRIETARY LIMITED JASON PAUL STAATS RUSSELL GARTH HAMPSON IAN STUART WALKER LAMBIE 19 JOHN CORCORAN FAMILY TRUST-TRUSTEES 20 AL SAFA TRUST 21 WINVEST ONE PTY LTD FRANK MICHEL LEA ENGELEN 22 TRELAWNEY TRUST 23 G T K INDUSTRIAL & ENGINEERING SUPLLIES CC GONASEELAN PILLAY 24 RAJKARAN FAMILY TRUST 25 KEMAYU CC WALDERMAR MARIAN SZPAK

62 3 OWNER SEGMENT ANALYSIS

3.1 Listed Companies - Rand Millions

Listed Company 2012 2013 2014 2015 YTD Jul 2014 - Jun June 2015 2015 SA CORPORATE REAL 0 0.0% 0 0.0% 0 0.0% 1,275 19.0% 1,275 6.8% 975 53.0% ESTATE FUND REDEFINE PROPERTIES 2,141 15.2% 1,533 7.6% 2,873 11.0% 1,109 16.5% 3,167 16.8% 26 1.4% CAPITAL PROPERTY FUND 554 3.9% 0 0.0% 7,395 28.4% 802 12.0% 7,464 39.6% 134 7.3% DIPULA INCOME FUND 0 0.0% 1,096 5.5% 247 1.0% 585 8.7% 667 3.5% 0 0.0% DELTA PROPERTY FUND 1,396 9.9% 3,075 15.3% 1,847 7.1% 492 7.3% 1,050 5.6% 84 4.6% FORTRESS INCOME FUND 0 0.0% 764 3.8% 942 3.6% 487 7.3% 535 2.8% 6 0.3% ARROWHEAD RESIDENTIAL 0 0.0% 0 0.0% 238 0.9% 399 5.9% 583 3.1% 57 3.1% INVESTEC PROPERTY FUND 844 6.0% 1,880 9.4% 1,667 6.4% 325 4.9% 792 4.2% 91 5.0% TOWER 0 0.0% 767 3.8% 737 2.8% 193 2.9% 907 4.8% 193 10.5% ACCELERATE 0 0.0% 0 0.0% 5,163 19.9% 153 2.3% 267 1.4% 0 0.0% VUKILE PROPERTY FUND 1,270 9.0% 1,204 6.0% 0 0.0% 140 2.1% 140 0.7% 140 7.6% INGENUITY PROPERTY 0 0.0% 939 4.7% 239 0.9% 128 1.9% 278 1.5% 0 0.0% INVESTMENT VIVIDEND INCOME FUND 774 5.5% 638 3.2% 0 0.0% 123 1.8% 123 0.7% 21 1.1% ARROWHEAD PROPERTIES 736 5.2% 647 3.2% 751 2.9% 108 1.6% 314 1.7% 32 1.8% GROWTHPOINT PROPERTY 551 3.9% 727 3.6% 1,501 5.8% 91 1.4% 0 0.0% 0 0.0% VUNANI PROPERTY FUND 452 3.2% 0 0.0% 1,043 4.0% 0 0.0% 644 3.4% 51 2.8% OCTODEC INVESTMENTS 0 0.0% 0 0.0% 0 0.0% 0 0.0% 0 0.0% 30 1.6% FOUNTAINHEAD PROPERTY 1,520 10.8% 0 0.0% 206 0.8% 0 0.0% 0 0.0% 0 0.0% TRUST SYNERGY INCOME FUND 1,281 9.1% 0 0.0% 0 0.0% 0 0.0% 0 0.0% 0 0.0% REBOSIS PROPERTY FUND 519 3.7% 1,611 8.0% 0 0.0% 0 0.0% 0 0.0% 0 0.0% ANNUITY PROPERTIES 445 3.1% 1,048 5.2% 0 0.0% 0 0.0% 0 0.0% 0 0.0% ASCENSION PROP 273 1.9% 1,385 6.9% 0 0.0% 0 0.0% 0 0.0% 0 0.0% SYCOM PROPERTY FUND 271 1.9% 0 0.0% 0 0.0% 0 0.0% 0 0.0% 0 0.0% FAIRVEST PROPERTY 0 0.0% 0 0.0% 232 0.9% 0 0.0% 0 0.0% 0 0.0% HOLDINGS HOSPITALITY FUND 0 0.0% 443 2.2% 0 0.0% 0 0.0% 0 0.0% 0 0.0% OTHER 1,091 7.7% 2,340 11.6% 921 3.5% 295 4.4% 644 3.4% 0 0.0% Total 14,117 20,097 26,000 6,705 18,848 1,839

63 The top commercial transactions greater than R5 million and limited to 50 for June 2015 are:

Rank Purchase Price Buyer Seller Erf Key Suburb Node

1 201,280,000 S A RETAIL PROP PTY LTD FIRSTRAND BANK LTD MORNINGSIDE~1735~00000 MORNINGSIDE JOHANNESBURG - SANDTON 2 192,878,200 TOWER PROP FUND LTD H B W GROUP PTY LTD CAPE TOWN~140700~00000 CLAREMONT CAPE TOWN - SOUTHERN SUBURBS 3 140,000,000 VUKILE PROP FUND LTD N A D PROP INCOME FUND PTY LTD SOSHANGUVE-SS~1631~00000 PRETORIA - NORTH 4 123,000,000 VIVIDEND INCOME FUND LTD CANDELA PROP HOLDINGS PTY LTD CLAYVILLE~7734~00000 EKURHULENI - KEMPTON PARK 5 89,600,000 CAPITAL PROPFUND 1 PTY LTD CAPITAL PROP TRUST BRYANSTON~5530~00002 BRYANSTON JOHANNESBURG - BRYANSTON BRYANSTON~73~00000 BRYANSTON JOHANNESBURG - BRYANSTON 6 84,000,000 DELTA PROP FUND LTD 142 - 144 4TH STREET PARKMORE PARKMORE JHB~1408~00000 PARKMORE JOHANNESBURG - SANDTON PTY LTD PARKMORE JHB~1408~00003 PARKMORE JOHANNESBURG - SANDTON 7 74,000,000 SA RETAIL PROPERTIES SA CORPORATE REAL ESTATE PINETOWN~6869~00000 NORTH INDUSTRIA DURBAN - WEST PROPRIETARY LIMITED TRUST SCHEME 8 57,700,000 SA RETAIL PROPERTIES SA CORPORATE REAL ESTATE MOUNT EDGECOMBE~2904~00000 MOUNT EDGECOMBE DURBAN - NORTH PROPRIETARY LIMITED TRUST SCHEME 9 56,717,528 INDLUPLACE PROP LTD FRIEDSHELF 1322 PTY LTD GEORGETOWN~521~00000 GEORGETOWN EKURHULENI - BEDFORDVIEW 10 51,100,000 TEXTON PROP FUND LTD REYA GOLA INV PTY LTD IR~139~00125

Directors for these companies were:

Rank Buyer First Name Surname

1 S A RETAIL PROP PTY LTD BENJAMIN SWANEPOEL ANTOINETTE MARGARET BASSON TERENCE RORY MACKEY 2 TOWER PROP FUND LTD MARC GARETH EDWARDS MARTIN RADFORD EVANS NICOLA ROBYN MILNE JOHN ANDREW BESTER ATHI CANZI MAGWENTSHU JOANNE MABIN ANDREW DENNIS DALLING RAVENDERAN NAIDOO YAGAMBARAM KEITH BERNARD CRADDOCK HARRISON BRUCE HOWE KERSWILL 3 VUKILE PROP FUND LTD ANTON DIRK BOTHA PETER SIPHO MOYANGA HYMIE MERVYN SEREBRO MICHAEL JOHN POTTS HATLA NTENE LAURENCE GARY RAPP SONJA SEBOTSA JOHANN NEETHLING STEFANES FRANCOIS BOOYSEN NIGEL GEORGE PAYNE HERMINA CHRISTINA LOPION GABAIPHIWE SEDISE MOSENEKE 4 VIVIDEND INCOME FUND LTD MARK JONATHAN KAPLAN GERALD GEORGE LEO LEISSNER IMRAAN EBRAHIM SULEMAN 5 CAPITAL PROPFUND 1 PTY LTD ANDREW EDWARD TEIXEIRA ABRAHAM ALBERTUS BORNMAN BARRY LESTER STUHLER JONATHAN STUART BIGHAM 6 DELTA PROP FUND LTD JOSE JORGE CRONCALVES DA COSTA SANDILE HOPESON NOMVETE DAVINA NODUMO MOTAU PAUL DAVID SIMPSON BRONWYN ANNE CORBETT PAULA NEL NOORAYA KHAN IAN DONALD MACLEOD JOHANNES BHEKUMUZI MAGWAZA 7 SA RETAIL PROPERTIES PROPRIETARY LIMITED ANTOINETTE MARGARET BASSON BENJAMIN SWANEPOEL TERENCE RORY MACKEY 10 TEXTON PROP FUND LTD JOHN ALLASTAIR LEGH KYANSAMBO VUNDLA ROB KANE JOHN RUSSELL MACEY ANGELIQUE NORMA DE RAUVILLE THANDUXOLO SELBY SISHUBA PORTIA-MORWESI TAU-SEKATI NOSIPHIWO VUYOWETHU BALFOUR MATHYS JOHANNES VAN HEERDEN 64 65 3.2 Emerging Portfolio Companies - Rand Millions

Company Name 2012 2013 2014 2015 YTD Jul 2014 - Jun June 2015 2015 LEAF PROPERTY FUND 0 0.0% 337 13.2% 1,806 34.7% 348 22.8% 778 31.0% 0 0.0% FPG HOLDINGS 90 14.1% 0 0.0% 94 1.8% 323 21.2% 323 12.8% 0 0.0% SILVER LEAF PROPERTY 0 0.0% 407 15.9% 0 0.0% 285 18.7% 285 11.3% 140 65.8% FUND BELLA ROSA INVESTMENT 0 0.0% 0 0.0% 0 0.0% 233 15.3% 233 9.3% 0 0.0% HOLDINGS ZENDAI DEVELOPMENT 0 0.0% 0 0.0% 588 11.3% 158 10.4% 384 15.3% 24 11.5% (SOUTH AFRICA) MENLYN MAINE INVESTMENT 89 14.0% 0 0.0% 107 2.1% 131 8.6% 226 9.0% 0 0.0% HOLDINGS XTRASPACE PROPERTIES 17 2.7% 73 2.8% 22 0.4% 43 2.8% 64 2.5% 43 20.0% AMPHORIA 8 1.2% 20 0.8% 0 0.0% 6 0.4% 6 0.2% 6 2.7% ROELAND STREET 43 6.7% 618 24.2% 130 2.5% 0 0.0% 100 4.0% 0 0.0% INVESTMENTS ORTHOTOUCH 269 42.1% 578 22.6% 1,345 25.8% 0 0.0% 43 1.7% 0 0.0% J POST INVESTMENTS 22 3.4% 135 5.3% 23 0.4% 0 0.0% 10 0.4% 0 0.0% MILE INVESTMENTS 225 0 0.0% 78 3.0% 34 0.7% 0 0.0% 0 0.0% 0 0.0% ROBS INVESTMENT 0 0.0% 49 1.9% 10 0.2% 0 0.0% 0 0.0% 0 0.0% HOLDINGS STONEBRIDGE PROPERTIES 0 0.0% 44 1.7% 0 0.0% 0 0.0% 0 0.0% 0 0.0% NVEST PROPERTIES 54 8.5% 39 1.5% 100 1.9% 0 0.0% 43 1.7% 0 0.0% LAW'S STORES 8 1.2% 31 1.2% 0 0.0% 0 0.0% 0 0.0% 0 0.0% EFSTRATIOU PROPERTIES 0 0.0% 30 1.2% 0 0.0% 0 0.0% 0 0.0% 0 0.0% REIT INVESTMENTS 0 0.0% 26 1.0% 416 8.0% 0 0.0% 0 0.0% 0 0.0% JAY REDDY PROPERTY 7 1.2% 21 0.8% 0 0.0% 0 0.0% 8 0.3% 0 0.0% INVESTMENTS IMBALI PROPS 21 0 0.0% 0 0.0% 477 9.2% 0 0.0% 0 0.0% 0 0.0% AMRICHPROP 2 PROPERTIES 32 5.0% 0 0.0% 28 0.5% 0 0.0% 7 0.3% 0 0.0% AMCO PROPERTIES 0 0.0% 0 0.0% 17 0.3% 0 0.0% 5 0.2% 0 0.0% OTHER 0 0.0% 72 2.8% 8 0.2% 0 0.0% 0 0.0% 0 0.0% Total 640 2,555 5,205 1,526 2,515 213

The top commercial transactions greater than R5 million and limited to 50 for June 2015 are:

Rank Purchase Price Buyer Seller Erf Key Suburb Node

1 140,000,000 SILVER LEAF PROPERTY FUND MICAWBER 313 PTY LTD MENLYN~70~00001 MENLYN PRETORIA - EAST

2 35,130,450 XTRASPACE PROPERTIES OFF THE SHELF INV 235 PTY LTD CAPE TOWN~112687~00000 AIRPORT INDUSTRIA CAPE TOWN - VOORTREKKER ROAD

3 9,951,472 ZENDAI DEVELOPMENT (SOUTH AFRICA) HEARTLAND PROP PTY LTD FOUNDERS HILL~17~00000 MODDERFONTEIN INDUSTRIAL JOHANNESBURG - LINBRO PARK/GREENSTONE 4 8,753,428 ZENDAI DEVELOPMENT (SOUTH AFRICA) HEARTLAND PROP PTY LTD FOUNDERS HILL~2~00000 MODDERFONTEIN INDUSTRIAL JOHANNESBURG - LINBRO PARK/GREENSTONE 5 7,410,000 XTRASPACE PROPERTIES GROWTHPOINT PROP LTD WYNBERG PTA~33~00000 WYNBERG JOHANNESBURG - WYNBERG

WYNBERG PTA~430~00000 WYNBERG JOHANNESBURG - WYNBERG

6 5,700,000 AMPHORIA D RETIEF FAMILIE TRUST PAARL RD~238~00005 CAPE TOWN - NORTHERN SUBURBS

7 5,681,813 ZENDAI DEVELOPMENT (SOUTH AFRICA) HEARTLAND PROP PTY LTD FOUNDERS HILL~19~00000 JOHANNESBURG - LINBRO PARK/GREENSTONE

Directors for these companies were:

Rank Buyer First Name Surname

1 SILVER LEAF PROPERTY FUND LTD ALFRED NGALAAH CHUPHI ANDRE LOUIS NESBITT BERRANGE PAUL STANBROOK LEAF-WRIGHT PIERRE DE VILLIERS BERRANGE DAVID ANDREW POLKINGHORNE SCHALK WILLEM PIETERSE 2 XTRASPACE PROP PTY LTD MARTHINUS THEUNIS LATEGAN ABRAHAM MARTHINUS SCHNEIDER JAMES ALEXANDER WILSON LESLIE MATUSON 3 ZENDAI DEV SOUTH AFRICA PTY LTD LI HUA LI LETICIA POTTS NGAN HUNG WONG JOHANNES ARNOLDUS DIEPENBROEK ANTONIUS WENHUI DU 4 ZENDAI DEVELOPMENT SOUTH AFRICA WENHUI DU PTY LTD 66 4 ZENDAI DEVELOPMENT SOUTH AFRICA JOHANNES ARNOLDUS DIEPENBROEK PTY LTD ANTONIUS NGAN HUNG WONG LETICIA POTTS LI HUA LI 6 AMPHORIA PTY LTD ANTON CORNELIUS MULDER ROBERT MARK HOWARTH PETER NICHOLAS BACON

67 3.3 Residential Development Companies - Rand Millions

Company Name 2012 2013 2014 2015 YTD Jul 2014 - Jun 2015 June 2015

INTERNATIONAL HOUSING SOLUTIONS 0 0.0% 0 0.0% 548 32.3% 227 27.7% 509 30.7% 0 0.0% RESIDENTIAL PARTNERS 1 (RF) COSMOPOLITAN PROJECTS 164 14.6% 59 3.5% 143 8.4% 215 26.2% 215 13.0% 43 54.6% JOHANNESBURG COSMOPOLITAN PROJECTS TSHWANE 71 6.3% 0 0.0% 67 3.9% 74 9.0% 101 6.1% 0 0.0% BALWIN PROPERTIES 102 9.1% 30 1.8% 188 11.1% 56 6.8% 189 11.4% 11 14.0% M AND T RESIDENTIAL FUND 0 0.0% 0 0.0% 0 0.0% 47 5.7% 47 2.8% 0 0.0% WINDMILL PARK ESTATES 0 0.0% 0 0.0% 30 1.8% 39 4.7% 39 2.3% 0 0.0% MDV DEVELOPMENTS WITBANK 21 1.9% 0 0.0% 0 0.0% 36 4.4% 36 2.2% 0 0.0% KARINO HOUSING PORTFOLIO (RF) 0 0.0% 0 0.0% 17 1.0% 33 4.1% 33 2.0% 0 0.0% TAILSPIN TRADING 75 0 0.0% 0 0.0% 0 0.0% 24 2.9% 24 1.4% 0 0.0% TOWER SKY PROPERTIES 0 0.0% 0 0.0% 0 0.0% 22 2.7% 22 1.3% 0 0.0% SUMMERCON HOLDCO 0 0.0% 63 3.7% 43 2.5% 16 2.0% 59 3.6% 16 20.4% BENGAVISTA 0 0.0% 0 0.0% 0 0.0% 12 1.5% 0 0.0% 0 0.0% NATION HOUSING 14 1.3% 0 0.0% 0 0.0% 8 1.0% 0 0.0% 0 0.0% UVEST HOUSING PORTFOLIO (RF) 0 0.0% 0 0.0% 0 0.0% 8 1.0% 0 0.0% 8 10.3% MNANDI PROPERTY DEVELOPMENT 18 1.6% 0 0.0% 0 0.0% 2 0.2% 0 0.0% 0 0.0% JIKA PROPERTIES 165 14.7% 96 5.7% 37 2.2% 0 0.0% 20 1.2% 1 0.7% S A W H F S A RENTAL 4 TRUST 158 14.1% 0 0.0% 0 0.0% 0 0.0% 0 0.0% 0 0.0% CENTURY PROPERTY DEVELOPMENTS 127 11.3% 108 6.4% 0 0.0% 0 0.0% 0 0.0% 0 0.0% SAWHF S A RENTAL 3 TRUST 113 10.1% 0 0.0% 0 0.0% 0 0.0% 0 0.0% 0 0.0% SPACE SECURITISATION 52 4.7% 0 0.0% 0 0.0% 0 0.0% 0 0.0% 0 0.0% CENTRAL PROPERTY DEVELOPMENT 35 3.1% 0 0.0% 31 1.8% 0 0.0% 17 1.0% 0 0.0% JOHANNESBURG ZOTEC DEVELOPMENTS 20 1.8% 132 7.8% 297 17.5% 0 0.0% 244 14.7% 0 0.0% MELTOWN INVESTMENTS 19 1.7% 0 0.0% 0 0.0% 0 0.0% 0 0.0% 0 0.0% SERVCON HOUSING SOLUTIONS 13 1.1% 51 3.0% 0 0.0% 0 0.0% 0 0.0% 0 0.0% PULSE URBAN PROPERTIES 0 0.0% 161 9.6% 79 4.7% 0 0.0% 37 2.2% 0 0.0% S A W H F S A RENTAL 3 TRUST 0 0.0% 150 8.9% 66 3.9% 0 0.0% 0 0.0% 0 0.0% JOZI HOUSING 0 0.0% 0 0.0% 33 1.9% 0 0.0% 0 0.0% 0 0.0% DOTCOM TRADING 849 0 0.0% 0 0.0% 22 1.3% 0 0.0% 0 0.0% 0 0.0% SAWHF S A RENTAL 4 TRUST 0 0.0% 0 0.0% 15 0.9% 0 0.0% 0 0.0% 0 0.0% FIRST METRO HOUSING COMPANY 0 0.0% 317 18.8% 0 0.0% 0 0.0% 0 0.0% 0 0.0% EVERGREEN PROPERTY 0 0.0% 92 5.5% 0 0.0% 0 0.0% 0 0.0% 0 0.0% INVESTMENTS CULVERWELL CONSERVATION 0 0.0% 87 5.2% 0 0.0% 0 0.0% 0 0.0% 0 0.0% COMPANY STREET SPIRIT TRADING 175 0 0.0% 53 3.2% 0 0.0% 0 0.0% 0 0.0% 0 0.0% JORDI PROPERTIES 0 0.0% 30 1.8% 0 0.0% 0 0.0% 0 0.0% 0 0.0% VESTISAT 0 0.0% 28 1.7% 0 0.0% 0 0.0% 0 0.0% 0 0.0% OTHER 32 2.8% 227 13.5% 81 4.8% 1 0.1% 66 4.0% 0 0.0% Total 1,124 1,682 1,696 819 1,657 78

The top commercial transactions greater than R5 million and limited to 50 for June 2015 are:

Rank Purchase Price Buyer Seller Erf Key Suburb Node

1 46,937,262 JIKA PROPERTIES ASSETGROW INV 10 PTY LTD BRAKPAN-NOORD~2211~00000 BRAKPAN NORTH EKURHULENI - SPRINGS/BRAKPAN

2 42,812,700 COSMOPOLITAN PROJECTS ECHO LAKE TOWNSHIP DEVELOPERS CC IQ~297~00141 JOHANNESBURG - SOWETO/ORANGE FARM JOHANNESBURG 3 16,000,000 SUMMERCON HOLDCO M V S PROP INV PTY LTD BEVERLEY AH~9~00000 BEVERLEY JOHANNESBURG - FOURWAYS/NORTHGATE

4 11,000,000 BALWIN PROPERTIES WEST DUNES PROP 344 PTY LTD CROWTHORNE AH~102~00000 CROWTHORNE AH JOHANNESBURG - MIDRAND/KYALAMI

5 8,098,380 UVEST HOUSING PORTFOLIO (RF) BUH REIN PROP DEVELOPMENTS PTY LTD BUHREIN~87~00000 BUH-REIN ESTATE CAPE TOWN - NORTHERN SUBURBS

Directors for these companies were:

Rank Buyer First Name Surname

1 JIKA PROPS PTY LTD MARK JONATHAN KAPLAN YASMIN VUSIWE INEZ LEPILE IMRAAN EBRAHIM SULEMAN 2 COSMOPOLITAN PROJECTS ANTON CROUSE JOHANNESBURG PTY LTD PIERRE LEON LUDICK JOHANN MARTHINUS VORSTER

68 3 SUMMERCON HOLDCO PTY LTD PETER JAMES ALEXANDER BLANCKENBURG RORY JOHN ATTRIDGE RODERIC NIVEN FREW SIMON BUYS 4 BALWIN PROP PTY LTD RODNEY NORMAN GRAY JONATHAN WELTMAN STEPHEN VOLKER BROOKES ULRICH GSCHNAIDTNER 5 UVEST HOUSING PORTFOLIO R F PTY IAN ALFRED MASON LTD JOHANNES PHILIPPUS VAN DER BERG PIETER JACOBUS NIEMAN

69 3.4 Investment Institutions - Rand Millions

Company Name 2012 2013 2014 2015 YTD Jul 2014 - Jun June 2015 2015 SANLAM LIFE INSURANCE 15 10.0% 31 22.8% 10 0.6% 146 59.3% 146 9.3% 0 0.0% MOMENTUM PROPERTY 0 0.0% 62 46.1% 0 0.0% 68 27.7% 68 4.3% 0 0.0% INVESTMENTS LIBERTY GROUP 0 0.0% 29 21.7% 146 9.8% 32 13.0% 32 2.0% 22 100.0% OLD MUTUAL LIFE ASSURANCE 139 90.0% 0 0.0% 49 3.3% 0 0.0% 49 3.1% 0 0.0% COMPANY (SOUTH AFRICA) METROPOLITAN LIFE 0 0.0% 13 9.3% 0 0.0% 0 0.0% 0 0.0% 0 0.0% PARETO 0 0.0% 0 0.0% 1,279 86.2% 0 0.0% 1,279 81.2% 0 0.0% Total 154 134 1,483 246 1,574 22

The top commercial transactions greater than R5 million and limited to 50 for June 2015 are:

Rank Purchase Price Buyer Seller Erf Key Suburb Node

Directors for these companies were:

Rank Buyer First Name Surname

1 LIBERTY GROUP LTD ANGUS WILLOIAM BAND BALHARRIE STEVEN ISIDORE MOISE BRAUDO JILL MEREDITH PARRATT ANTHONY PETER CUNNINGHAM JAMES HARRY SUTCLIFFE MTHANDAZO PETER MOYO SIBUSISO SIBISI MONHLA WILMA HLAHLA SUSAN LOUISE BOTHA CASPARUS GERHARDUS TROSKIE MICHAEL GERALD ILSLEY THABO DLOTI SIMPIWE KENNETH TSHABALALA BAJABULILE SWAZI TSHABALALA

70 3.4.2 Banks - Rand Millions

Buyer Name 2012 2013 2014 2015 YTD Jul 2014 - Jun 2015 June 2015

FIRSTRAND BANK LTD 223 8.0% 900 39.1% 1,210 60.3% 286 96.2% 1,196 65.0% 0 0.0% FINBOND MUTUAL BANK 32 1.2% 24 1.0% 0 0.0% 5 1.8% 5 0.3% 0 0.0% STANDARD BANK PROP 0 0.0% 0 0.0% 0 0.0% 2 0.6% 2 0.1% 0 0.0% LIBRARY GARDENS LTD STANDARD BANK PROPS PTY 0 0.0% 0 0.0% 0 0.0% 2 0.6% 2 0.1% 0 0.0% LTD A B S A BANK LTD 237 8.5% 736 32.0% 114 5.7% 2 0.6% 2 0.1% 2 100.0% FIRSTRAND BANK LIMITED 614 22.1% 319 13.9% 0 0.0% 1 0.4% 1 0.1% 0 0.0% STANDARD BANK OF SOUTH 711 25.6% 1 0.0% 154 7.7% 0 0.0% 154 8.4% 0 0.0% AFRICA LTD ABSA BANK LTD 571 20.5% 6 0.3% 0 0.0% 0 0.0% 0 0.0% 0 0.0% NEDBANK LTD 153 5.5% 109 4.7% 50 2.5% 0 0.0% 50 2.7% 0 0.0% STANDARD BANK PROP PTY LTD 83 3.0% 97 4.2% 18 0.9% 0 0.0% 0 0.0% 0 0.0% INVESTEC BANK LTD 75 2.7% 0 0.0% 31 1.5% 0 0.0% 0 0.0% 0 0.0% NEDBANK LIMITED 29 1.0% 95 4.1% 8 0.4% 0 0.0% 8 0.4% 0 0.0% MERCANTILE BANK LTD 29 1.0% 0 0.0% 0 0.0% 0 0.0% 0 0.0% 0 0.0% IND & COMMERCIAL BANK OF 16 0.6% 0 0.0% 0 0.0% 0 0.0% 0 0.0% 0 0.0% CHINA DEVON BANK TRUST 6 0.2% 0 0.0% 0 0.0% 0 0.0% 0 0.0% 0 0.0% STANDARD BANK PROPERTIES 0 0.0% 0 0.0% 216 10.8% 0 0.0% 216 11.7% 0 0.0% PROPRIETARY LIMITED STANDARD BANK OF SOUTH 0 0.0% 16 0.7% 206 10.3% 0 0.0% 206 11.2% 0 0.0% AFRICA LIMITED Total 2,779 2,303 2,006 297 1,842 2

The top commercial transactions greater than R5 million and limited to 50 for June 2015 are:

Rank Purchase Price Buyer Seller Erf Key Suburb Node

1 6,700,000 A B S A BANK LTD A B S A BANK LTD MEADOWDALE~207~00000 MEADOWDALE EKURHULENI - BOKSBURG

Directors for these companies were:

Rank Buyer First Name Surname

71 3.5 Mines - Rand Millions

Buyer Name 2012 2013 2014 2015 YTD Jul 2014 - Jun June 2015 2015 EXXARO COAL PTY LTD 0 0.0% 66 8.6% 27 2.4% 64 30.0% 64 6.5% 0 0.0% TRONOX KZN SANDS PROPRIETARY 0 0.0% 0 0.0% 0 0.0% 49 23.2% 49 5.0% 0 0.0% LIMITED UNIVERSAL COAL DEV IV PTY LTD 0 0.0% 0 0.0% 0 0.0% 48 22.8% 48 4.9% 0 0.0% SENTULA MINING SERVICES PTY LTD 0 0.0% 0 0.0% 0 0.0% 24 11.3% 24 2.4% 0 0.0% MBALI COAL PTY LTD 0 0.0% 0 0.0% 0 0.0% 12 5.7% 12 1.2% 12 100.0% HLAGISA MINING PTY LTD 0 0.0% 0 0.0% 0 0.0% 9 4.0% 9 0.9% 0 0.0% BARPLATS MINES LTD 0 0.0% 0 0.0% 0 0.0% 6 3.0% 6 0.6% 0 0.0% ANGLO AMERICAN INYOSI COAL PTY 948 75.4% 0 0.0% 0 0.0% 0 0.0% 0 0.0% 0 0.0% LTD MODIKWA PLATINUM MINE PTY LTD 35 2.8% 0 0.0% 0 0.0% 0 0.0% 0 0.0% 0 0.0% NOKENG FLUORSPAR MINE PTY LTD 30 2.4% 0 0.0% 0 0.0% 0 0.0% 0 0.0% 0 0.0% GRAVELOTTE IRON ORE COMPANY 29 2.3% 0 0.0% 0 0.0% 0 0.0% 0 0.0% 0 0.0% PTY LTD UMSIMIBITHI MINING PTY LTD 29 2.3% 0 0.0% 0 0.0% 0 0.0% 0 0.0% 0 0.0% SISHEN IRON ORE COMPANY PTY 28 2.2% 45 5.9% 0 0.0% 0 0.0% 0 0.0% 0 0.0% LTD MUHANGA MINES PTY LTD 21 1.7% 0 0.0% 46 4.0% 0 0.0% 0 0.0% 0 0.0% STUART COAL PTY LTD 18 1.4% 0 0.0% 0 0.0% 0 0.0% 0 0.0% 0 0.0% MAFUBE COAL MINING PTY LTD 18 1.4% 0 0.0% 0 0.0% 0 0.0% 0 0.0% 0 0.0% B H P BILLITON ENERGY COAL 17 1.4% 0 0.0% 0 0.0% 0 0.0% 0 0.0% 0 0.0% SOUTH AFRICA LTD KALAHARI GOLDRIDGE MINING 11 0.9% 0 0.0% 0 0.0% 0 0.0% 0 0.0% 0 0.0% COMPANY LTD HULA MINERAL PROCESSING PTY 11 0.9% 0 0.0% 0 0.0% 0 0.0% 0 0.0% 0 0.0% LTD KEATON MINING PTY LTD 10 0.8% 0 0.0% 0 0.0% 0 0.0% 0 0.0% 0 0.0% LEPELLE INDUSTRIAL & MINING 8 0.6% 0 0.0% 0 0.0% 0 0.0% 0 0.0% 0 0.0% SUPPLIES CC SPRINGBOKLAAGTE MINING PTY LTD 7 0.5% 0 0.0% 0 0.0% 0 0.0% 0 0.0% 0 0.0% XSTRATA SOUTH AFRICA PTY LTD 0 0.0% 138 18.0% 827 72.5% 0 0.0% 713 72.4% 0 0.0% GLENCORE OPERATIONS SOUTH 0 0.0% 0 0.0% 85 7.5% 0 0.0% 0 0.0% 0 0.0% AFRICA PTY LTD INNOVATIVE MINING PRODUCTS PTY 0 0.0% 0 0.0% 25 2.2% 0 0.0% 0 0.0% 0 0.0% LTD DUIKER MINING PTY LTD 0 0.0% 58 7.6% 24 2.1% 0 0.0% 4 0.4% 0 0.0% ERGO MINING PTY LTD 0 0.0% 0 0.0% 21 1.8% 0 0.0% 21 2.1% 0 0.0% MAXGEM MINING CC 0 0.0% 0 0.0% 16 1.4% 0 0.0% 0 0.0% 0 0.0% ZONNEBLOEM COAL PTY LTD 0 0.0% 0 0.0% 15 1.3% 0 0.0% 0 0.0% 0 0.0% TSHIPI E NTLE MANGANESE MINING 0 0.0% 0 0.0% 12 1.1% 0 0.0% 0 0.0% 0 0.0% PTY LTD UMCEBO MINING PTY LTD 0 0.0% 0 0.0% 11 1.0% 0 0.0% 11 1.1% 0 0.0% BEDROCK MINING SUPPORT PTY 0 0.0% 0 0.0% 11 0.9% 0 0.0% 11 1.1% 0 0.0% LTD OPTIMUM COAL MINE PTY LTD 0 0.0% 0 0.0% 6 0.5% 0 0.0% 0 0.0% 0 0.0% KLIPDAM DIAMOND MINING CO LTD 0 0.0% 0 0.0% 6 0.5% 0 0.0% 6 0.6% 0 0.0% SABIE MINES PTY LTD 0 0.0% 0 0.0% 6 0.5% 0 0.0% 6 0.6% 0 0.0% TSHEDZA MINING RESOURCES PTY 0 0.0% 67 8.8% 0 0.0% 0 0.0% 0 0.0% 0 0.0% LTD UNIVERSAL COAL DEV 1 PTY LTD 0 0.0% 42 5.5% 0 0.0% 0 0.0% 0 0.0% 0 0.0% MSOBO COAL PTY LTD 0 0.0% 38 5.0% 0 0.0% 0 0.0% 2 0.3% 0 0.0% RUSTENBURG PLATINUM MINES LTD 0 0.0% 38 4.9% 0 0.0% 0 0.0% 0 0.0% 0 0.0% SISHEN IRON ORE CO PTY LTD 0 0.0% 38 4.9% 0 0.0% 0 0.0% 0 0.0% 0 0.0% RUSTENBURG CHROME MINE 0 0.0% 26 3.4% 0 0.0% 0 0.0% 0 0.0% 0 0.0% HOLDINGS PTY LTD ZOETVELD MINING & PROSPECTING 0 0.0% 22 2.9% 0 0.0% 0 0.0% 0 0.0% 0 0.0% PTY LTD EYETHU COAL PTY LTD 0 0.0% 21 2.7% 0 0.0% 0 0.0% 0 0.0% 0 0.0% VAALBULT MINING CO PTY LTD 0 0.0% 20 2.6% 0 0.0% 0 0.0% 0 0.0% 0 0.0% MALTON MINING & ENGINEERING 0 0.0% 20 2.6% 0 0.0% 0 0.0% 0 0.0% 0 0.0% SERVICES PTY LTD PASCAL MINING SUPPLIES CC 0 0.0% 19 2.4% 0 0.0% 0 0.0% 0 0.0% 0 0.0% OTHER 38 3.0% 109 14.2% 2 0.2% 0 0.0% 0 0.0% 0 0.0% Total 1,257 766 1,141 212 985 12

The top commercial transactions greater than R5 million and limited to 50 for June 2015 are:

72 Rank Purchase Price Buyer Seller Erf Key Suburb Node

1 12,000,000 MBALI COAL PTY LTD BOMBARDIE EIENDOMME PTY LTD IS~32~00031

Directors for these companies were:

Rank Buyer First Name Surname

1 MBALI COAL PTY LTD RUSSELL KENT JACKSON ANDRE VAN DER VEEN

73 3.6 Government - Rand Millions

The government spend in the different municipalities were:

Municipality Principal Town 2012 2013 2014 2015 YTD Jul 2014 - Jun 2015 June 2015

CITY OF TSHWANE PRETORIA 1,846 41.3% 635 10.9% 401 12.2% 251 12.7% 362 10.9% 19 9.4% METSIMAHOLO SASOLBURG 0 0.0% 0 0.0% 0 0.0% 134 6.8% 134 4.0% 0 0.0% CITY OF CAPE TOWN CAPE TOWN 196 4.4% 216 3.7% 139 4.2% 133 6.7% 200 6.0% 0 0.0% KWADUKUZA STANGER 55 1.2% 0 0.0% 0 0.0% 73 3.7% 73 2.2% 38 19.0% EMALAHLENI WITBANK 52 1.2% 0 0.0% 94 2.8% 63 3.2% 157 4.7% 0 0.0% MANGAUNG BLOEMFONTEIN 99 2.2% 0 0.0% 0 0.0% 61 3.1% 61 1.8% 0 0.0% GAMAGARA KATHU 0 0.0% 0 0.0% 0 0.0% 56 2.8% 0 0.0% 0 0.0% HIBISCUS COAST PORT SHEPSTONE 0 0.0% 0 0.0% 0 0.0% 51 2.6% 0 0.0% 35 17.5% KOUGA JEFFREYS BAY 0 0.0% 0 0.0% 0 0.0% 47 2.4% 72 2.2% 28 13.9% ABAQULUSI VRYHEID 49 1.1% 0 0.0% 101 3.1% 45 2.3% 85 2.6% 0 0.0% ALBERT LUTHULI CAROLINA 0 0.0% 0 0.0% 0 0.0% 45 2.3% 0 0.0% 0 0.0% EMFULENI VANDERBIJL PARK 0 0.0% 0 0.0% 0 0.0% 45 2.3% 62 1.9% 0 0.0% BUFFALO CITY EAST LONDON 0 0.0% 0 0.0% 0 0.0% 35 1.8% 0 0.0% 0 0.0% MPOFANA MOOI RIVER 0 0.0% 0 0.0% 0 0.0% 33 1.7% 0 0.0% 0 0.0% RAMOTSHERE MOILOA ZEERUST 0 0.0% 0 0.0% 77 2.3% 33 1.7% 0 0.0% 0 0.0% NKOMAZI NKOMAZI 241 5.4% 0 0.0% 0 0.0% 0 0.0% 0 0.0% 0 0.0% EMNAMBITHI/LADYSMI LADYSMITH 120 2.7% 0 0.0% 0 0.0% 0 0.0% 0 0.0% 0 0.0% TH INXUBA YETHEMBA CRADOCK 110 2.5% 0 0.0% 0 0.0% 0 0.0% 0 0.0% 0 0.0% CITY OF JOHANNESBURG 81 1.8% 119 2.0% 454 13.8% 0 0.0% 64 1.9% 0 0.0% JOHANNESBURG ETHEKWINI DURBAN 63 1.4% 0 0.0% 162 4.9% 0 0.0% 141 4.2% 0 0.0% STEVE TSHWETE MIDDELBURG 63 1.4% 0 0.0% 71 2.2% 0 0.0% 0 0.0% 0 0.0% UMZUMBE UMZINTO 56 1.2% 0 0.0% 0 0.0% 0 0.0% 0 0.0% 0 0.0% BELA-BELA BELA BELA 51 1.1% 0 0.0% 0 0.0% 0 0.0% 0 0.0% 0 0.0% 49 1.1% 220 3.8% 0 0.0% 0 0.0% 0 0.0% 0 0.0% BUSHBUCKRIDGE BUSHBUCKRIDGE 0 0.0% 904 15.5% 0 0.0% 0 0.0% 0 0.0% 0 0.0% POLOKWANE POLOKWANE 0 0.0% 409 7.0% 0 0.0% 0 0.0% 0 0.0% 0 0.0% MAFIKENG MAFIKENG 0 0.0% 385 6.6% 0 0.0% 0 0.0% 0 0.0% 0 0.0% UPHONGOLO PONGOLA 0 0.0% 171 2.9% 0 0.0% 0 0.0% 0 0.0% 0 0.0% MARULENG HOEDSPRUIT 0 0.0% 161 2.8% 0 0.0% 0 0.0% 0 0.0% 0 0.0% RUSTENBURG RUSTENBURG 0 0.0% 127 2.2% 0 0.0% 0 0.0% 66 2.0% 0 0.0% PHUMELELA VREDE 0 0.0% 104 1.8% 0 0.0% 0 0.0% 0 0.0% 0 0.0% NELSON MANDELA BAY PORT ELIZABETH 0 0.0% 94 1.6% 100 3.0% 0 0.0% 0 0.0% 14 7.1% MSUKALIGWA ERMELO 0 0.0% 91 1.6% 0 0.0% 0 0.0% 0 0.0% 0 0.0% KAGISANO/MOLOPO 0 0.0% 89 1.5% 0 0.0% 0 0.0% 0 0.0% 0 0.0% GEORGE GEORGE 0 0.0% 83 1.4% 0 0.0% 0 0.0% 0 0.0% 0 0.0% EMAKHAZENI BELFAST 0 0.0% 0 0.0% 153 4.6% 0 0.0% 130 3.9% 0 0.0% LOCAL MUNICIPALITY BRITS 0 0.0% 0 0.0% 131 4.0% 0 0.0% 0 0.0% 0 0.0% OF MADIBENG EKURHULENI GERMISTON 0 0.0% 0 0.0% 109 3.3% 0 0.0% 140 4.2% 0 0.0% UMHLATHUZE RICHARDS BAY 0 0.0% 0 0.0% 103 3.1% 0 0.0% 0 0.0% 0 0.0% THE MSUNDUZI PIETERMARITZBURG 0 0.0% 0 0.0% 79 2.4% 0 0.0% 0 0.0% 10 5.0% MBOMBELA NELSPRUIT 0 0.0% 0 0.0% 73 2.2% 0 0.0% 0 0.0% 0 0.0% GREATER LETABA VAALWATER 0 0.0% 0 0.0% 0 0.0% 0 0.0% 93 2.8% 0 0.0% TOKOLOGO HERTZOGVILLE 0 0.0% 0 0.0% 0 0.0% 0 0.0% 0 0.0% 20 9.9% BA-PHALABORWA PHALABORWA 0 0.0% 0 0.0% 0 0.0% 0 0.0% 0 0.0% 13 6.6% MUSINA MUSINA 0 0.0% 0 0.0% 0 0.0% 0 0.0% 0 0.0% 11 5.4% MOGALAKWENA MOKOPANE 0 0.0% 0 0.0% 0 0.0% 0 0.0% 0 0.0% 9 4.7% NDWEDWE NDWEDWE 0 0.0% 0 0.0% 0 0.0% 0 0.0% 0 0.0% 3 1.6% OTHER 1,343 30.0% 2,021 34.7% 1,049 31.8% 866 44.0% 1,473 44.5% 0 0.0% Total 4,472 5,829 3,297 1,968 3,311 202

74 The top commercial transactions greater than R5 million and limited to 50 for June 2015 are:

Rank Purchase Price Buyer Seller Erf Key Suburb Node

75 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 29463 directors involved in companies with their proportional property value exceeding R5 million. Of these 4748 directors were involved in purchasing properties during the last 12 months and 543 during the last month.

Band Total 2015 YTD June 2015

A: Greater than R1bill 54 47 16 B: Between R500 and R1bill 123 99 17 C: Between R110 and R500mill 1,196 622 125 D: Between R50 and R110mill 1,397 433 66 E: Between R11mill and R50mill 12,357 1,815 157 F: Less than R11mill 14,336 1,732 162 29,463 4,748 543

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 ±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 16 16 B: Between R500 and R1bill 17 17 C: Between R110 and R500mill 6 3 116 125 D: Between R50 and R110mill 13 4 49 66 E: Between R11mill and R50mill 21 46 90 157 F: Less than R11mill 90 40 32 162 Total 130 93 320 543

76 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 195,009,996 0 195,009,996 B: Between R500 and R1bill 0 6,161,357,666 0 6,161,357,666 C: Between R110 and R500mill 0 346,034,086 3,916,795,493 853,762,804 5,116,592,383 D: Between R50 and R110mill 0 101,333,332 580,029,115 129,699,400 811,061,847 E: Between R11mill and R50mill 319,496,666 187,370,073 2,468,152,803 641,879,273 3,616,898,815 F: Less than R11mill 175,794,870 174,090,556 80,200,320 737,137,353 1,167,223,099 G: Bond only 34,344,999 34,344,999 Total 495,291,536 808,828,047 13,401,545,393 2,396,823,829 17,102,488,805

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

A: HIGH 416 3% 1,028 5% 1,602 6% 844 11% 635 4% 0 0% 57 9% 6 3% B: MEDIUM 634 5% 1,232 6% 2,117 8% 498 6% 1,410 8% 129 25% 26 4% 0 0% C: LOW 9,528 71% 11,516 59% 15,807 57% 3,183 41% 10,499 61% 280 54% 271 42% 51 28% D: BOND ONLY 2,831 21% 5,862 30% 8,115 29% 3,281 42% 4,628 27% 112 22% 288 45% 127 69% 13,409 19,637 27,640 7,806 17,172 522 641 184

77 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 317 2% 162 1% 1,142 4% 392 5% 1,727 10 0 0% 0 0% 0 0% % B: Between R500 and R1bill 4,828 36% 1,274 6% 3,443 12% 349 4% 2,116 12 0 0% 2 0% 0 0% % C: Between R110 and R500mill 2,665 20% 7,801 40% 9,321 34% 1,238 16% 5,686 33 13 3% 307 48% 155 84% % D: Between R50 and R110mill 488 4% 3,375 17% 3,686 13% 927 12% 1,486 9% 256 49% 13 2% 0 0% E: Between R11mill and R50mill 3,166 24% 5,089 26% 7,365 27% 2,752 35% 4,544 26 175 34% 168 26% 17 9% % F: Less than R11mill 1,813 14% 1,893 10% 2,560 9% 2,066 26% 1,593 9% 77 15% 153 24% 11 6% G: Bond only 132 1% 43 0% 122 0% 81 1% 20 0% 0 0% 0 0% 0 0% 13,409 19,637 27,640 7,806 17,172 522 641 184

78 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 - June 2015

Table 1 ±Overall Director Value

Surname Firstname Proportional Value Full Value Most Prominent Company

STUHLER BARRY LESTER 3,765,794,391 13,713,140,980 BANDS PROPERTIES BIGHAM JONATHAN STUART 3,753,416,182 13,676,006,352 SIPAN I TEIXEIRA ANDREW EDWARD 3,485,434,097 12,883,088,848 CAPITAL PROPFUND KONIG ANDREW JOSEPH 3,046,415,453 27,438,644,144 FOUNTAINHEAD PROPERTY TRUST MANAGEMENT RICE DAVID HUW 3,046,415,453 27,438,644,144 ANNUITY PROPERTIES RUTTLE MICHAEL JOHN 2,665,238,045 25,977,945,301 REDEFINE PROPERTIES WAINER MARC 2,638,936,027 26,220,167,089 MEDICAL DEVELOPMENT CORPORATION BORNMAN ABRAHAM ALBERTUS 2,432,197,973 9,712,351,807 PANHOLD DE KLERK ESTIENNE KONRAD 2,381,149,950 17,927,620,523 PARAMOUNT PROPERTY FUND SASSE LEON NORBERT 2,305,086,377 17,589,462,638 323 FESTIVAL STREET

Table 2 ±Most Recent 12 Months

Surname Firstname Proportional Value Full Value Most Prominent Company Bond

BIGHAM JONATHAN STUART 852,189,927 3,408,759,709 CAPITAL PROPFUND 194,816,693 BORNMAN ABRAHAM ALBERTUS 852,189,927 3,408,759,709 RACEWAY INDUSTRIAL PARK 194,816,693 KOK LEON CHRISTIAAN 273,910,667 3,013,017,334 REDEFINE PROPERTIES 16,679,545 LANGENI PHUMZILE 273,910,667 3,013,017,334 TWO SHIPS TRADING 191 16,679,545 MAPONYA PHATUDI ELIAS 332,325,000 332,325,000 CITY SQUARE TRADING 664 355,249,998 NATHAN DAVID ALAN 273,910,667 3,013,017,334 REDEFINE PROPERTIES 16,679,545 STUHLER BARRY LESTER 852,189,927 3,408,759,709 BELLADOR PROPERTIES 194,816,693 TEIXEIRA ANDREW EDWARD 852,189,927 3,408,759,709 CAPITAL PROPFUND 194,816,693 WAINER MARC 306,843,704 3,408,213,782 MEDICAL DEVELOPMENT CORPORATION 22,179,545 WATTERS MICHAEL JOHN 273,910,667 3,013,017,334 REDEFINE PROPERTIES 16,679,545

Table 3 ±June 2015

Surname Firstname Proportional Value Full Value Most Prominent Company Bond

CALITZ ANNETTE 60,000,000 420,000,000 IMPROCHEM 0 DE KLERK FREDERIK JOHANNES 67,990,000 135,980,000 SIKISA TRADING CORPORATION 0 DU TOIT JUNIOR LOUIS 60,000,000 420,000,000 IMPROCHEM 0 DYTOR MARK ANTHONY 60,000,000 420,000,000 PAARDEVLEI PROPERTIES 2,250,000 KHUPARI SIKANELO MAGDELINE 60,000,000 420,000,000 IMPROCHEM 0 OMAR HUSSUN ABDOOL 71,475,000 126,425,000 MOXICORP INVESTMENTS 0 KHALEK ROBERTS CHRISTOPHER 67,039,055 67,039,055 STONEWALK LEISURE DEVELOPMENTS 0 SEKATI KUTUMELA BERNETTE 60,000,000 420,000,000 IMPROCHEM 0 VAN DER WATT JOHAN EARLE 67,990,000 135,980,000 APPLETHWAITE FARM 0 WAGHMARAE KAMAL VISHNU 60,000,000 420,000,000 IMPROCHEM 0

79 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.

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