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Mon 29 Sep 2003, 15:54 DEALINGS IN SECURITIES BY DIRECTORS
SPEARHEAD PROPERTY HOLDINGS LIMITED - DEALINGS IN SECURITIES BY DIRECTORS       
  Spearhead Property Holdings Limited                                             
  (Incorporated in the Republic of South Africa)                                  
  (Registration number 1996/005827/06)                                            
  (ISIN: ZAE 000019162)                                                           
  (Share code: SPE)                                                               
  Spearhead Property Holdings Limited - Dealings in Securities by Directors       
  In compliance with rules 3.63 - 3.74 of the Listings Requirements, the following
  information is disclosed:                                                       
  Director:                     Dr H Schreuders (Non-executive Director)          
  Class of Security:            Linked Units                                      
  Nature of Transaction:        Purchase - Exercise of Share Options              
  Number of Shares and                                                            
  Price:                        11 333 SPE Linked Units @ R6.00 each              
  Date of Transaction:          26 September 2003                                 
  Nature of Interest:           Direct beneficial                                 
  Ends                                                                            
  Johannesburg                                                                    
  29 September 2003                                                               
  Sponsor: Bridge Capital Services (Pty) Ltd                                      
  Date: 29/09/2003 03:48:03 PM Produced by the JSE SENS Department                
                                                                                  
                                                                                  
                                                                                  
  



 
 
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