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Wed 7 May 2008, 15:25 MDN - Madison Property Fund Managers Holdings Limi
MDN
 MDN                                                                             
MDN - Madison Property Fund Managers Holdings Limited - Further cautionary      
announcement                                                                    
Madison Property Fund Managers Holdings Limited                                 
Registration No. 2003/021772/06                                                 
Madison Property Fund Managers Limited                                          
Registration No. 2005/021874/06                                                 
Share Code: MDN                                                                 
ISIN: ZAE000080560                                                              
("Madison" or "the company")                                                    
FURTHER CAUTIONARY ANNOUNCEMENT                                                 
Further to the cautionary announcement dated 26 March 2008, in relation to a    
proposal which, if implemented, will result in the merger of ApexHi Properties  
Limited, Hyprop Investments Limited, Madison and Redefine Income Fund Limited,  
unitholders are advised to continue to exercise caution when trading in the     
company`s securities until a further announcement is made.                      
7 May 2008                                                                      
Sponsor                                                                         
Java Capital (Proprietary) Limited                                              
Date: 07/05/2008 15:25:06 Produced by the JSE SENS Department.                  
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