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Wed 30 Apr 2003, 16:20 ApexHi Properties Limited - Distribution Announcem
ApexHi Properties Limited                                                       
(Incorporated in the Republic of South Africa)                               
   (Registration number 1999/000238/06)                                         
   Share code: APA     ISIN: ZAE000033064                                       
   Share code: APB     ISIN: ZAE000033072                                       
("ApexHi")                                                                   
DISTRIBUTION ANNOUNCEMENT AND APPOINTMENT OF NEW DIRECTORS TO THE BOARD         
   DISTRIBUTION                                                                 
   Unitholders are advised that Distribution No. 8 in respect of the period 1   
January 2003 to 31 March 2003 of 25,5 cents per A unit and 26,5 cents per B unit
has been declared.                                                              
* The last date to trade cum interest               Friday, 16 May 2003         
* Units will trade ex interest                      Monday, 19 May 2003         
* Record date to participate                        Friday, 23 May 2003         
* Payment of Interest Distribution number 8         Monday, 26 May 2003         
   There may be no re-materialisation or dematerialisation of the               
A and B units between Monday, 19 May 2003 and Friday, 23 May 2003, both days    
inclusive.                                                                      
   APPOINTMENT OF NEW DIRECTORS                                                 
   In compliance with section 3.67 of the Listings Requirements of the JSE      
Securities Exchange South Africa, notification is hereby given that William     
Michael Kirchmann has been appointed as an independent non-executive director of
ApexHi. Colette van Wyk and Deon Jeffrey Feinblum have been appointed as        
executive directors. All appointments are effective 30 April 2003.              
   30 April 2003                                                                
sponsor                                                                         
   JAVACAPITAL                                                                  


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