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Fri 7 Feb 2003, 16:42 Dealings by Director
PARAMOUNT PROPERTY FUND LIMITED                                                 
(Incorporated in the Republic of South Africa)                                  
(Registration number 1945/019928/06)                                            
JSE code: PRA                                                                   
ISIN: ZAE000028577                                                              
("the company")                                                                 
DEALINGS BY DIRECTOR                                                            
In compliance with section 3.72 of the Listings Requirements of the JSE         
Securities Exchange SA, the following should be noted:                          
Name of director:      EG Raubenheimer (Non-executive                           
director)                                                
Date of transaction:   5 February 2003                                          
Price:                 R4,20                                                    
Number of securities:  20 000                                                   
Class of securities:   Linked units                                             
Nature:                Sale                                                     
Interest:              Beneficial direct                                        
Cape Town                                                                       
7 February 2003                                                                 
Date: 07/02/2003 04:35:15 PM Produced by the JSE SENS Department                
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