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Thu 29 May 2003, 18:30 Prima Property Trust - Further Cautionary Announce
Prima Property Trust - Further Cautionary Announcement And Reconstitution Of    
                       The Board Of PPTM                                        
Prima Property Trust                                                            
(Incorporated in the Republic of South Africa)                                  
(Registration number 1969/011594/060)                                           
Share Code:  PRM                                                                
ISIN Code:    ZAE 000005641                                                     
("Prima")                                                                       
(managed by Prima Property Trust Managers Limited ("PPTM") in terms of the      
Collective Investment Schemes Control Act, 2003)                                
FURTHER CAUTIONARY ANNOUNCEMENT AND RECONSTITUTION OF THE BOARD OF PPTM         
Further to the cautionary announcement dated 14 April 2003, unitholders of Prima
are advised that negotiations are still in progress, which, if successfully     
concluded, may have an effect on the price of Prima units.                      
Accordingly, Prima unitholders are advised to continue to exercise caution when 
dealing in their units until a further announcement is made.                    
Steven Jersky has been appointed, with immediate effect, to the board of PPTM in
the capacity of Chief Executive Officer. Neno Haasbroek has resigned as managing
director, but remains on the board in a non-executive capacity.                 
Johannesburg                                                                    
29 May 2003                                                                     
Corporate Advisor                     Sponsor                                   
Java Capital (Proprietary) Limited    Deloitte & Touche Sponsor Services        
(Proprietary) Limited
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