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Mon 30 Dec 2002, 14:50 Acucap Properties Limited - Directors Dealings in
ACUCAP PROPERTIES LIMITED                                                       
(Incorporated in the Republic of South Africa)                                  
(Registration number 2001/021725/06)                                            
Share code: ACP    ISIN ZAE000037651                                            
("Acucap")                                                                      
Directors Dealings In Securities                                                
In Compliance with section 3.72 to 3.75 of the JSE Listings Requirements, the   
following should be noted:                                                      
1. Directors involved in transaction :    Paul Theodosiou and Jonathan Rens who 
                                          each, respectively, own 50% and 18% of
Bremerton Investments (Pty) Ltd, the  
                                          entity which entered into the         
                                          transaction                           
2. Type of transaction               :    Purchase                              
3. Number of linked units purchased  :    2 000                                 
4. Purchase price                    :    R10,00 per linked unit                
5. Date of transaction               :    30 December 2002                      
Johannesburg                                                                    
30 December 2002                                                                
Investment bank and sponsor                                                     
Nedcor Investment Bank Limited                                                  
Date: 30/12/2002 11:23:00 AM Produced by the JSE SENS Department                


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