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Thu 2 Jan 2003, 16:43 Premium - 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)                                        
In terms of rule 3.72 to 3.75 of the JSE Securities Exchange SA Listings        
requirements the following is disclosed:                                        
Dealing in Securities by Directors                                              
Surname:       Wapnick                                                          
First Name:    Alec                                                             
Designation:   Executive director                                               
  Date of      Quantity     Price    Class   Nature of     Nature of            
  transaction               (cents)          transaction   interest             
  18 December  264 644      175      Linked  Bought        Indirect,            
2002                               units                 non-                 
                                                           beneficial           
Date: 02/01/2003 10:41:52 AM Produced by the JSE SENS Department                

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