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PANGBOURNE PROPERTIES LIMITED -       
PANGBOURNE PROPERTIES LIMITED                                                   
("PANGBOURNE")                                                                  
(Registration number 1987/002352/06)                                            
Share Code: PAP                                                                 
ISIN: ZAE000005252                                                              
Director"s dealings in Pangbourne units                                         
In compliance with rules 3.63 - 3.74 of the Listings Requirements of the JSE    
Securities Exchange South Africa ("the JSE"), the following information is      
disclosed:                                                                      
Director                 :         JPG de Rauville                              
Date of transaction      :         3 October 2003                               
Price per unit           :         R7.05                                        
Number of units          :         610 000                                      
Aggregate consideration  :         R4 300 500                                   
Nature of transaction    :         Sale                                         
Extent of interest       :         Indirect non-beneficial                      
Craighall                                                                       
6 October 2003                                                                  
Date: 06/10/2003 04:50:44 PM Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department                                             
                                                                                

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