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ALLAN GRAY PROPERTY TRUST - INTERIM RESULTS AND DISTRIBUTION ANNOUNCEMENT       
CORRECTION                                                                      
ALLAN GRAY PROPERTY TRUST                                                       
Jse Share code: GRY                                                             
ISIN:           ZAE000013165                                                    
Correction to the Interim Results announcement released on SENS on 24 April     
2003.                                                                           
INTERIM RESULTS AND DISTRIBUTION ANNOUNCEMENT FOR THE SIX MONTHS ENDED 31 MARCH 
2003                                                                            
The figure for the net profit of the unaudited 6 months to 31 March 2002 was    
incorrect and;                                                                  
should read R141 308.                                                          

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