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Martprop - Cautionary Announcement                                              
MARTPROP PROPERTY FUND                                                          
(Incorporated in the Republic of South Africa)                                  
("Martprop" or "Fund")                                                          
(Share Code: MTP     ISIN Code: ZAE000037271)                                   
CAUTIONARY ANNOUNCEMENT                                                         
Unitholders are advised that Martprop has entered into negotiations, which if   
successfully concluded, may have an effect on the price of the Fund`s           
securities. Accordingly, unitholders are advised to exercise caution when       
dealing in the Fund`s securities until a full announcement is made.             
Durban                                                                          
12 November 2002                                                                
MANAGERS                                SPONSOR                                 
MARRIOTT PROPERTY FUND MANAGERS LTD   EXCHANGE SPONSORS (PTY) LTD               
Date: 11/11/2002 05:15:02 PM Produced by the JSE SENS Department                

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