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Fri 13 Dec 2002, 17:16 Dealings by Director
Paramount Property Fund                                                         
Share code  :  PRA                                                              
ISIN        :  ZAE000028577                                                     
In Compliance with Sections 3.72 to 3.75 of the JSE Securities Exchange SA      
Listings Requirements, the following should be noted:                           
Name of Director       :  G P Phillips                                          
Date of transaction    :  10 December 2002                                      
Class of shares        :  Linked units                                          
Number of shares       :  41 819                                                
price                  :  R4.90                                                 
Nature of transaction  :  Sale                                                  
Nature of extent of                                                             
directors interest                                                              
in transaction         :  Indirect beneficial                                   
Name of Director       :  G P Phillips                                          
Date of transaction    :  10 December 2002                                      
Class of shares        :  Linked units                                          
Number of shares       :  22 010                                                
price                  :  R4.86                                                 
Nature of transaction  :  Sale                                                  
Nature of extent of                                                             
directors interest                                                              
in transaction         :  Indirect beneficial                                   
Name of Director       :  G P Phillips                                          
Date of transaction    :  10 December 2002                                      
Class of shares        :  Linked units                                          
Number of shares       :  47 541                                                
price                  :  R4.85                                                 
Nature of transaction  :  Sale                                                  
Nature of extent of                                                             
directors interest                                                              
in transaction         :  Indirect beneficial                                   
Name of Director       :  G P Phillips                                          
Date of transaction    :  11 December 2002                                      
Class of shares        :  Linked units                                          
Number of shares       :  4 402                                                 
price                  :  R4.85                                                 
Nature of transaction  :  Sale                                                  
Nature of extent of                                                             
directors interest                                                              
in transaction         :  Indirect beneficial                                   
Name of Director       :  E G Raubenheimer                                      
Date of transaction    :  10 December 2002                                      
Class of shares        :  Linked units                                          
Number of shares       :  41 000                                                
price                  :  R4.84                                                 
Nature of transaction  :  Sale                                                  
Nature of extent of                                                             
directors interest                                                              
in transaction         :  Direct Beneficial                                     
Name of Director       :  E G Raubenheimer                                      
Date of transaction    :  11 December 2002                                      
Class of shares        :  Linked units                                          
Number of shares       :  59 000                                                
price                  :  R4.57                                                 
Nature of transaction  :  Sale                                                  
Nature of extent of                                                             
directors interest                                                              
in transaction         :  Direct Beneficial                                     
Date: 13/12/2002 04:32:05 PM Produced by the JSE SENS Department                

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