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Mon 30 Sep 2002, 10:10 Arnold Property Fund Limited - Dealings In Securit
Arnold Property Fund Limited - 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                       : JC Tonkin                               
Position                              : Executive Director                      
No. of shares                         : 78 769 units                            
Price                                 : 160 cents                               
Class of shares                       : Linked units                            
Nature of transaction                 : Sold                                    
Date                                  : 27 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                     
30 September 2002                                                               
BoE Securities (Pty) Limited                                                    
Date: 30/09/2002 09:18:01 AM Produced by the JSE SENS Department                


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