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Wed 23 Apr 2003, 16:59 Paramount Property Fund Limited - Dealing In Secur
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        :    R C Squire-Howe                              
Date of transaction           :    17 April 2003                                
Number of linked units sold   :    5 000                                        
Price sold at                 :    R3.60                                        
Extent of interest            :    Direct beneficial                            
Nature of transaction         :    Sale on the open market                      
Cape Town                                                                       
23 April 2003                                                                   
Sponsor                                                                         
Nedbank Corporate                                                               


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