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PAP   PAPN
 PAP                                                                             
PAP - Pangbourne Rights offer                                                   
PANGBOURNE PROPERTIES LIMITED                                                   
(Incorporated in the Republic of South Africa)                                  
(Registration number: 1987/002352/06)                                           
Share code: PAP & ISIN: ZAE000005252                                            
("Pangbourne")                                                                  
PANGBOURNE RIGHTS OFFER                                                         
Combined unitholders of Pangbourne are referred to the announcement released on 
SENS on Friday, 11 May 2007, regarding its rights offer. The JSE Limited        
inadvertently allocated an incorrect ISIN number to the Pangbourne rights offer 
letters of allocation.                                                          
Consequently, the Pangbourne rights offer letters of allocation under share     
code: "PAPN" now have the ISIN: ZAE000097333.                                   
Craighall                                                                       
30 May 2007                                                                     
Investment Bank and Sponsor                                                     
Standard Bank                                                                   
Date: 30/05/2007 16:50:44 Produced by the JSE SENS Department.

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