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Fri 10 Jan 2003, 14:41 Dealings by Director
PARAMOUNT PROPERTY FUND LIMITED                                                 
Share code  :  PRA                                                              
ISIN        :  ZAE000028577                                                     
("PARAPROP")                                                                    
In compliance with Section 3.72 of the Listings Requirements of the JSE         
Securities Exchange South Africa, the following should be noted:                
Director      Date of          Price   Number  Class          Nature  Interest  
              Transaction                      of securities                    
G P Phillips  9 December 2002  R4.84   3 000   Linked         Sale    Direct    
                                               Units                  Beneficial
Date: 10/01/2003 02:00:02 PM Produced by the JSE SENS Department
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