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Tue 5 Feb 2008, 13:10 JOINT CAUTIONARY ANNOUNCEMENT
PAP   SYA
 PAP   SYA                                                                       
PAP / SYA - Pangbourne / Siyathenga - Joint Cautionary Announcement             
Pangbourne Properties Limited                                                   
(Registration number 1987/002352/06)                                            
Share Code: PAP                                                                 
ISIN: ZAE000005252                                                              
("Pangbourne")                                                                  
Siyathenga Property Fund Limited                                                
(Registration number 2004/005198/06)                                            
Share Code: SYA                                                                 
ISIN: ZAE000069530                                                              
("Siyathenga")                                                                  
JOINT CAUTIONARY ANNOUNCEMENT                                                   
Pangbourne unitholders and Siyathenga unitholders are advised that Pangbourne   
may be interested in acquiring all Siyathenga`s linked units in issue. If       
Pangbourne`s interest results in a firm intention to make an offer to Siyathenga
unitholders, a further announcement will be made in this regard. In the         
meantime, Pangbourne unitholders and Siyathenga unitholders are advised to      
exercise caution in dealing in these companies` securities.                     
5 February 2008                                                                 
Sponsor to Pangbourne                                                           
Java Capital (Proprietary) Limited                                              
Sponsor to Siyathenga                                                           
Deloitte and Touche Sponsor Services (Proprietary) Limited                      
Date: 05/02/2008 13:07:37 Produced by the JSE SENS Department.                  
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