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Wed 11 Sep 2002, 0:00 Paraprop - Cautionary Announcement
Paraprop - Cautionary Announcement                                              
PARAMOUNT PROPERTY FUND LIMITED                                                 
(Incorporated in the Republic of South Africa)                                  
(Registration number 1945/019928/06)                                            
Share code: PRA                                                                 
ISIN: ZAE000028577                                                              
("Paraprop" or the "company")                                                   
CAUTIONARY ANNOUNCEMENT                                                         
Linked unitholders are advised that negotiations are in progress to acquire     
additional properties which, if successfully concluded, may have a material     
effect on the price of the company`s linked units on the JSE Securities Exchange
South Africa.  Accordingly, linked unitholders are advised to exercise caution  
when dealing in the company`s linked units until a further announcement is made 
Cape Town                                                                       
11 September 2002                                                               
CORPORATE ADVISER AND SPONSOR:                                                  
Barnard Jacobs Mellet Corporate Finance (Pty) Limited                           
Date: 11/09/2002 12:52:59 PM Produced by the JSE SENS Department
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