The directors of Marriott Property Fund Managers Limited, the
management company of Marriott Property Fund ("Martprop"), give
notice of the declaration of Distribution No. 12 in respect of the
income distribution period
1 February 2001 to 22 June 2001.
This interim distribution is as a consequence of new Martprop
units being issued with effect 22 June 2001, following the
acquisition of the R64,25 million property portfolio referred to
in Martprop's announcement on
1 March 2001. The effects of the transaction on the net asset
value per unit and earnings per unit are not material and
settlement of the purchase price is by way of R44,25 million in
cash and R20,0 million in new units.
The distribution amounts to 9,0 cents per unit. It is payable to
unitholders registered as such in the books of the fund at the
close of business on 15 June 2001. Distribution cheques will be
posted on or about
30 June 2001.
MARRIOTT PROPERTY FUND MANAGERS LIMITED
Registered Office
Marriott at Kingsmead
Kingsmead Office Park
Durban, 4001
PO Box 207, Durban, 4000
Transfer Secretaries
Mercantile Registrars Limited
8th Floor
11 Diagonal Street
Johannesburg, 2001
PO Box 1053,
Johannesburg, 2000
BY ORDER OF THE BOARD
Marriott Property Services
(Proprietary) Limited
(Secretaries) 1 June 2001
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