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Mon 29 Mar 2010, 16:25 PAP - Pangbourne - Dealing in securities by a director
PAP
PAP                                                                             
PAP - Pangbourne - Dealing in securities by a director                          
Pangbourne Properties Limited                                                   
(Registration No. 1987/002352/06)                                               
Share Code: PAP                                                                 
ISIN Code: ZAE000005252                                                         
("Pangbourne")                                                                  
DEALING IN SECURITIES BY A DIRECTOR                                             
Unitholders are advised of the following information, relating to the dealing   
in securities by a director:                                                    
                                                                                
Name of executive director:          Marius Hoff Muller, who is a               
beneficiary of the Walmer Estate            
                                    Trust, the entity which entered into        
                                    the transaction.                            
Transaction date:                    26 March 2010                              
Class of securities:                 Linked units                               
Price:                               R17.90                                     
Number of securities:                499,190                                    
Total value:                         R8,935,501.00                              
Nature of transaction:               Units sold to partially settle debt        
                                    owing to The Pangbourne Unit Purchase       
                                    Trust pursuant to Mr Muller`s               
                                    resignation as an executive director        
announced on 12 March 2010 and              
                                    effective 30 April 2010 whereafter,         
                                    Mr. Muller shall remain on the board        
                                    as a non-executive director.                
Nature and extent of interest:       Indirect beneficial                        
                                                                                
Name of executive director:          Marius Hoff Muller, who is a               
                                    beneficiary of the Walmer Estate            
Trust, the entity which entered into        
                                    the transaction.                            
Transaction date:                    26 March 2010                              
Class of securities:                 Linked units                               
Price:                               R18.00                                     
Number of securities:                810                                        
Total value:                         R14,580.00                                 
Nature of transaction:               Units sold to partially settle debt        
owing to The Pangbourne Unit Purchase       
                                    Trust pursuant to Mr Muller`s               
                                    resignation as an executive director        
                                    announced on 12 March 2010 and              
effective 30 April 2010 whereafter          
                                    Mr. Muller shall remain on the board        
                                    as a non-executive director.                
Nature and extent of interest:       Indirect beneficial                        

Clearance to deal was received as required in terms of the JSE`s Listings       
Requirements.                                                                   
29 March 2010                                                                   
Sponsor                                                                         
Java Capital (Proprietary) Limited                                              
Date: 29/03/2010 16:25:14 Produced by the JSE SENS Department.                  
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