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Mon 10 Feb 2003, 13:41 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 directors` dealings should be noted:                                  
Transaction 1                                                                   
Directors involved in transaction  PA Theodosiou and JH Rens who each own 10% in
Acucap Property Management (Pty) Limited, the
                                   entity which entered into the transaction    
Type of transaction                Sale                                         
a. Number of linked units sold     37 824                                       
b. Sale price                      R9,60 per linked unit                        
c. Date of transaction             7 February 2003                              
Transaction 2                                                                   
Directors involved in transaction  PA Theodosiou and JH Rens who each own 10% in
Acucap Property Management (Pty) Limited, the
                                   entity which entered into the transaction    
Type of transaction                Sale                                         
a. Number of linked units sold     100 000                                      
b. Purchase price                  R9,65 per linked unit                        
c. Date of transaction             8 February 2003                              
Johannesburg                                                                    
10 February 2003                                                                
Investment bank and sponsor                                                     
Nedbank Corporate                                                               
Date: 10/02/2003 01:35:37 PM Produced by the JSE SENS Department                
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