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Thu 29 Mar 2007, 15:04 MDN - Madison - Dealing in securities by a directo
MDN
 MDN                                                                             
MDN - Madison - Dealing in securities by a director                             
Madison Property Fund Managers Holdings Limited                                 
Registration number 2003/021772/06                                              
Madison Property Fund Managers Limited                                          
Registration number 2005/021874/06                                              
("Madison" or "the group")                                                      
Share Code: MDN & ISIN Code: ZAE000080560                                       
DEALING IN SECURITIES BY A DIRECTOR                                             
In terms of paragraph 3.63 - 3.65 of the JSE Securities Exchange South          
Africa Listings Requirements, the following information relating to dealing     
in securities by directors is disclosed:                                        
Executive director:             Michael Flax                                    
Company:                        Madison                                         
Date of transaction:            27 March 2007                                   
Number of linked units:         2 000 000                                       
Nature of transaction:          Zero cost collar to expire on 26 March          
                               2010                                             
Put strike:                     R7,49 per linked unit                           
Call strike:                    R9,11 per linked unit                           
Extent of interest:             Indirect beneficial                             
Security class:                 Linked units in Madison                         
Clearance to deal obtained:     Yes                                             
Rosebank                                                                        
29 March 2007                                                                   
Sponsor                                                                         
Java Capital (Proprietary) Limited                                              
Date: 29/03/2007 15:04:43 Produced by the JSE SENS Department.                  
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