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Thu 5 Sep 2002, 0:00 A-prop - Dealings In Securities By Directors
A-Prop - Dealings In Securities By Directors                                    
ARNOLD PROPERTY FUND LIMITED                                                    
(Incorporated in the Republic of South Africa)                                  
(Registration number 2001/011887/06)                                            
Share code ARP   ISIN ZAE000031720                                              
("A-Prop" or "the Company")                                                     
DEALINGS IN SECURITIES BY DIRECTORS                                             
In compliance with rule 3.72 - 3.75 of the JSE Listings Requirements,           
the following is disclosed:                                                     
Director`s name:                        RM Kaplan                               
Position:                               Managing Director                       
No. of shares:                          78 769 units                            
Price:                                  178 cents                               
Class of shares:                        Linked units                            
Nature of transaction:                  Purchased                               
Date:                                   4 September 2002                        
Name of entity which traded the shares:      Azureco 17 (Pty) Limited           
His relationship with the entity:       Executive Director                      
Extent of interest:                     Indirect beneficial                     
Director`s name:                        JC Tonkin                               
Position:                               Executive Director                      
No. of shares:                          78 769 units                            
Price:                                  178 cents                               
Class of shares:                        Linked units                            
Nature of transaction:                  Purchased                               
Date:                                   4 September 2002                        
Name of entity which traded the shares:      The Paul Tonkin Trust              
His relationship with the entity:       Executive Director                      
Extent of interest:                     Indirect beneficial                     
Director`s name:                        C Roberts                               
Position:                               Alternate Director                      
No. of shares:                          67 516                                  
Price:                                  178 cents                               
Class of shares:                        Linked units                            
Nature of transaction:                  Purchased                               
Date:                                   4 September 2002                        
Name of entity which traded the shares:      C Roberts                          
His relationship with the entity:       Alternate Director                      
Extent of interest:                     Direct Beneficial                       
5 September 2002                                                                
BoE Securities (Pty) Limited                                                    
Date: 05/09/2002 12:35:00 PM Produced by the JSE SENS Department                

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