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Tue 1 Apr 2003, 11:05 Dealing In Securities By Directors
Paramount Property Fund Limited -          
Paramount Property Fund Limited                                                 
(Incorporated in the Republic of South Africa)                                  
(Registration number 1945/019928/06)                                            
Share code: PRA  ISIN: ZAE000028577                                             
DEALING IN SECURITIES BY DIRECTORS                                              
In compliance with rule 3.72 of the JSE Listing Requirements, the following     
information is disclosed:                                                       
Non-executive director        :    GP Phillips                                  
Date of transaction           :    28 March 2003                                
Number of linked units sold   :    30 000                                       
Price sold at                 :    R4,00                                        
Extent of interest            :    Direct beneficial                            
Nature of transaction         :    Sale on the open market                      
Non-executive director        :    GP Phillips                                  
Date of transaction           :    28 March 2003                                
Number of linked units sold   :     300 000                                     
Price sold at                 :    R4,00                                        
Extent of interest            :    Indirect beneficial                          
Nature of transaction         :    Sale on the open market                      
Non-executive director        :    HN Coertze                                   
Date of transaction           :    28 March 2003                                
Number of linked units sold   :    295 518                                      
Price sold at                 :    R4,00                                        
Extent of interest            :    Indirect beneficial                          
Nature of transaction         :    Sale on the open market                      
Cape Town                                                                       
1 April 2003                                                                    
Sponsor                                                                         
Nedbank Corporate                                                               
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