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Fri 31 Oct 2003, 12:51 DEALING IN SECURITIES BY DIRECTORS
RAND LEASES PROPERTIES LIMITED - DEALING IN SECURITIES BY DIRECTORS             
RAND LEASES PROPERTIES LIMITED                                                  
(Incorporated in the Republic of South Africa)                                  
(Registration number:  1978/000870/06)                                         
 Share code:  RPR                                                               
ISIN:  ZAE000028254                                                             
("Rand Leases" or "the company")                                                
DEALING IN SECURITIES BY DIRECTORS                                              
Surname:                      Fischer                                           
First Name:                   Grant                                             
Designation:                  Executive director                                
Date of transaction:          30/10/2003                                        
Quantity:                     55 000                                            
Unit price (cents):           97                                                
Class:                        Linked units                                      
Nature of transaction:                Purchase                                  
Nature of interest:           Direct, beneficial                                
Date: 31/10/2003 12:18:02 PM Supplied by www.sharenet.co.za                     
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