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PAP
 PAP                                                                             
PAP - Pangbourne - Withdrawal of cautionary announcement                        
Pangbourne Properties Limited                                                   
(Registration number 1987/002352/06)                                            
Share Code: PAP & ISIN: ZAE000005252                                            
("Pangbourne")                                                                  
Withdrawal of cautionary announcement                                           
The latest cautionary announcement by Pangbourne (published on SENS on Thursday,
28 June 2007 and in the press on Friday, 29 June 2007), refers. Combined        
unitholders are advised that Pangbourne is not proceeding with current          
negotiations with an independent third party. Accordingly, caution is no longer 
required when dealing in the company`s combined units.                          
8 August 2007                                                                   
Craighall                                                                       
Sponsor                                                                         
Deloitte & Touche Sponsor Services (Proprietary) Limited                        
(Registration number 1996/000034/07)                                            
Date: 08/08/2007 17:13:44 Produced by the JSE SENS Department.

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