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Thu 11 Apr 2002, 0:00 Cenprop/hyprop - Joint Cautionary Announcement
Hyprop Investments Limited
  (Incorporated in the Republic of South Africa)
  (Registration number 1987/005284/06)
  (Share Code: HYP   ISIN: ZAE000003437)
  ("Hyprop")
CENTRECITY PROPERTY FUND
  (Share Code: CEN   ISIN: ZAE000001335)
  ("Cenprop")
JOINT CAUTIONARY ANNOUNCEMENT
   Corpcapital Corporate Finance and Sasfin Bank Limited are authorised to
announce that Hyprop and Cenprop ("the entities") are involved in
negotiations, which, if successfully concluded, could have an effect on the
price of their respective units.
   Both entities' unitholders are accordingly advised to exercise caution
when dealing in their units until such time as a further announcement is
made.
  Johannesburg
  11 April 2002
Sponsor to Hyprop
  CorpCapital Corporate Finance
  (a sponsor registered with the
  JSE Securities Exchange South Africa)
Sponsor to Cenprop
  Sasfin Bank Limited
  (a sponsor registered with the JSE Securities
  Exchange South Africa)

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