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Thu 2 May 2002, 0:00 Apexhi Properties - Distribution Announcement
APEXHI PROPERTIES LIMITED
   (Incorporated in the Republic of South Africa)
   (Registration number 1999/000238/06)
   JSE Share code: APA  ISIN: ZAE000033064
   JSE Share code: APB  ISIN: ZAE000033072
   ("ApexHi")
DISTRIBUTION ANNOUNCEMENT
   Unitholders are advised that interest distribution No. 4 in respect of
the period 1 January 2002 to 31 March 2002 of 25,50 cents per A linked unit
and 25,85 cents per B linked unit has been declared.  The last date to trade
cum interest will be Friday, 17 May 2002, and the linked units will commence
trading ex interest from the commencement of business on Monday, 20 May
2002, with the record date being Friday, 24 May 2002.
   Payment will be made to linked unit holders on or about Monday, 27 May
2002.
   No dematerialised or rematerialised orders will be processed between
Monday, 13 May 2002 and Friday, 24 May 2002 (both dates inclusive).
By order of the Board
G G L Leissner
Chief Executive
  Johannesburg
  3 May 2002
Sponsor
  Corpcapital
  Corporate Finance
  a sponsor registered with the
  JSE Securities Exchange South Africa


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