SIMEKA’S SHAREHOLDING: 2.1%

Vukile is a property fund which was listed on the JSE Limited on 24 June 2004 (JSE code: VKE). Its listing was promoted by Sanlam, which contributed a significant share of Vukile’s start-up portfolio and at present still holds a 27.5% interest in the company.

Vukile’s market capitalisation was approximately R3.5 billion at 007 and it has a property portfolio woth 4.5. Vukile is the asset manager for the Sanlam Groups property interests.

Vukile’s objectives are:

• To acquire properties with strong contractual cash flows
• To achieve long-term sustainability of property income
• To achieve meaningful capital appreciation of linked units
• To achieve steady growth in the income distributions to Vukile linked unitholders