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Wed 17 Sep 2003, 9:44 DIRECTOR"S DEALINGS IN LINKED UNITS
HYPROP INVESTMENTS LIMITED - DIRECTOR"S DEALINGS IN LINKED UNITS                
  Hyprop Investments Limited                                                      
  (Incorporated in the Republic of South Africa)                                  
  (Registration No. 1987/005284/06)                                               
  (Share code: HYP         ISIN number: ZAE00003430)                              
  ("Hyprop")                                                                      
  DIRECTOR"S DEALINGS IN LINKED UNITS                                             
  In compliance with rule 3.63 - 3.74 of the JSE Securities Exchange South Africa 
  Listing Requirements, the following is disclosed:                               
  NAME OF DIRECTOR:               Peter Kirchmann                                 
  DATE OF TRANSACTION:            16th September 2003                             
  NATURE OF TRANSACTION:          Purchase                                        
  NUMBER OF LINKED UNITS:         1 000 Hyprop combined units                     
  NATURE AND EXTENT OF                                                            
  DIRECTOR"S INTEREST             Indirect, beneficial interest                   
  PRICE PER LINKED UNIT:          R 11,61 per Hyprop combined                     
                                  unit                                            
  TOTAL VALUE                     R 11 610                                        
  Peter Kirchmann received clearance to deal in the combined units from the       
  designated director of Hyprop.                                                  
  Date: 17/09/2003 09:31:02 AM Produced by the JSE SENS Department
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