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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             :    Pollack                                                
First Name          :    Joseph                                                 
Designation         :    Executive director                                     
Date of transaction :    18 September 2002                                      
Quantity            :    30 000                                                 
Price               :    150 (cents)per share                                   
Class of security   :    Linked units                                           
Nature of transaction    Bought                                                 
Nature of interest  :    Indirect, non-beneficial                               
Date: 27/09/2002 09:00:00 AM Produced by the JSE SENS Department                

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