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Thu 16 May 2002, 0:00 Paramount Property Fund Limited - Director`s Deali
Paramount Property Fund Limited - Director`s Dealings In Securities             
PARAMOUNT PROPERTY FUND LIMITED                                                 
(Incorporated in the Republic of South Africa)                                  
(Registration number 1945/019928/06)                                            
Share code :  PRA                                                               
ISIN code  :  ZAE000028577                                                      
("Paraprop")                                                                    
DIRECTOR`S DEALINGS IN SECURITIES                                               
In compliance with section 3.72 of the Listings Requirements of the JSE         
Securities Exchange South Africa, Paraprop advises the following dealings by    
a director in the company`s securities:                                         
Name of director         :    R Whiteford (Non - Executive Director)            
Date of transaction      :    15 May 2002                                       
Number of securities     :    7 000                                             
Class of securities      :    Linked units                                      
Price                    :    470 cents per linked unit                         
Nature of transaction    :    Purchase                                          
Interest in transaction  :    Direct beneficial                                 
Ends                                                                            
Cape Town                                                                       
16 May 2002                                                                     
Date: 16/05/2002 09:29:41 AM Produced by the SENS Department                    


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