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Mon 3 Feb 2003, 17:21 Directors Dealings In Securities
ACUCAP PROPERTIES LIMITED - DIRECTORS DEALINGS IN SECURITIES                    
ACUCAP PROPERTIES LIMITED                                                       
(Incorporated in the Republic of South Africa)                                  
(Registration number 2001/021725/06)                                            
Share code: ACP    ISIN ZAE000037651                                            
("Acucap")                                                                      
                                             In Compliance with section 3.72 to 3.75 of the JSE Listings Requirements, the   
following should be noted:                                                      
Director involved in transaction   :    Des de Beer who owns 50% of Optimprops 3
                                        (Pty) Ltd, the entity that entered into 
the transaction                         
Type of transaction                :    Purchase                                
Number of linked units purchased   :    65 000                                  
Purchase price                     :    R9,50 per linked unit                   
Date of transaction                :    31 January 2003                         
Johannesburg                                                                    
3 February 2003                                                                 
Investment bank and sponsor                                                     
Nedbank Corporate                                                               
Date: 03/02/2003 05:04:56 PM Produced by the JSE SENS Department                
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