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Fri 4 Jul 2003, 14:59 iProp Holdings Limited - Announcement
iProp Holdings Limited                                                          
(Incorporated in the Republic of South Africa)                                  
(Registration number 1968/001239/06)                                            
Share Code: IPR          ISIN: ZAE 000018867                                    
("iProp" or "the company")                                                      
Disposal by iProp of certain of its assets and liabilities                      
to Clidet No. 433 (Pty) Limited ("the disposal") becomes                        
unconditional and confirmation of salient dates                                 
Shareholders are referred to the announcement published on SENS on 27 May 2003  
concerning the approval by shareholders of the disposal and the voluntary       
winding-up of the company ("the winding-up") and the distribution to            
shareholders as a liquidation dividend of the nett proceeds from the disposal   
together with the 7 000 000 linked units in iFour Properties Limited held by    
iProp in the ratio of 0,41977 linked units per iProp share held ("the           
distribution").                                                                 
Shareholders are now advised that the disposal has become unconditional and are 
reminded of the following important dates:                                      
                                                 2003                           
Last day to trade in order to participate in the Friday 11 July                 
distribution                                                                    
iProp shares may not be dematerialised or        Friday 11 July                 
rematerialised after                                                            
Listing of iProp shares suspended on the JSE                                    
Securities Exchange South Africa ("JSE") from    Monday 14 July                 
the commencement of business on                                                 
Record date to participate in the distribution   Friday 18 July                 
Cheques and share certificates in respect of the                                
distribution posted to shareholders holding                                     
certificated securities and accounts of                                         
shareholders holding dematerialised securities   Monday 21 July                 
with CSDPs or brokers credited with the                                         
distribution on                                                                 
Termination of the listing of iProp shares on                                   
the JSE from the commencement of business on     Tuesday 22 July                
Johannesburg                                                                    
4 July 2003                                                                     
Corporate adviser                 Attorneys                                     
QuestCo Investments (Pty)         Cliffe Dekker Inc                             
Limited                                                                         
Sponsor                                                                         
PWC Corporate Finance (Pty)                                                     
Limited
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