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Thu 28 Jun 2007, 13:01 PAP - Pangbourne Properties Limited - Renewal of c
PAP
 PAP                                                                             
    PAP - Pangbourne Properties Limited - Renewal of cautionary announcement    
                                                                                
    PANGBOURNE PROPERTIES LIMITED                                               
(Incorporated in the Republic of South Africa)                              
    (Registration number: 1987/002352/06)                                       
    Share code: PAP   ISIN: ZAE000005252                                        
    ("Pangbourne" or "the Company")                                             

    RENEWAL OF CAUTIONARY ANNOUNCEMENT                                          
                                                                                
    Holders of combined units in Pangbourne ("unitholders") are referred to the 
cautionary announcements dated 22 February 2007, 4 April 2007 and 17 May    
    2007.                                                                       
                                                                                
    Unitholders are advised that the Company is still involved in negotiations  
with the same party which, if successfully concluded, may have a material   
    effect on the price at which the combined units of Pangbourne trade.        
    Accordingly, unitholders are advised to continue to exercise caution when   
    dealing in their combined units until a further announcement is made.       
Craighall                                                                   
                                                                                
    28 June 2007                                                                
    Sponsor                                                                     
Standard Bank                                                               
Date: 28/06/2007 13:01:02 Produced by the JSE SENS Department.
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