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PREMIUM PROPERTIES LIMITED - DEALING IN SECURITIES BY DIRECTORS                 
PREMIUM PROPERTIES LIMITED                                                      
(Incorporated in the Republic of South Africa)                                  
(Registration number 1994/003601/06)                                            
("Premium")                                                                     
(Share code:  PMM   ISIN:  ZAE000009254)                                        
Dealing in Securities by Directors                                              
Surname:  Wapnick                                                               
First Name:    Alec                                                             
Designation:   Executive director                                               
Date of       Quantity  Price   Class   Nature of    Nature of                  
transaction             (cents)         transaction  interest                   
23 May 2002   763 700   165     Linked  Bought       Indirect,                  
                                units                non-                       
                                                     beneficial                 
23 May 2002   236 300   165     Linked  Bought       Indirect,                  
                                units                beneficial                 
Date: 30/05/2002 12:51:00 PM Produced by the SENS Department

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