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Tue 6 May 2003, 15:25 Correction To Announcement Relating To Dealing
Paramount Property Fund Limited - 
In Securities By Director                                                       
Paramount Property Fund Limited                                                 
(Incorporated in the Republic of South Africa)                                  
(Registration number 1945/019928/06)                                            
Share code: PRA     ISIN: ZAE000028577                                          
CORRECTION TO ANNOUNCEMENT RELATING TO DEALING IN SECURITIES BY DIRECTOR        
It was incorrectly announced on SENS on 23 April 2003 that Mr. R C Squire-Howe  
had sold 5 000 linked units at R3.60, whereas he had PURCHASED such units at    
that price. Nedbank Corporate apologises for any inconvenience caused.  The     
correct information is as follows:                                              
In compliance with rule 3.72 of the JSE Securities Exchange South Africa Listing
Requirements, the following information is disclosed:                           
Managing director:            R C Squire-Howe                                   
Date of transaction:          17 April 2003                                     
Number of linked units:       5 000                                             
Price:                        R3.60                                             
Extent of interest:           Direct beneficial                                 
Nature of transaction:        Purchase on the open market                       
Cape Town                                                                       
6 May 2003                                                                      
Sponsor                                                                         
Nedbank Corporate                                                               
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