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Thu 6 Nov 2003, 10:48 CHANGE TO THE BOARD OF DIRECTORS
Paramount Property Fund Limited - Change To The Board Of Directors              
Paramount Property Fund Limited                                                 
(Incorporated in the Republic of South Africa)                                  
(Registration number 1945/019928/06)                                            
Share code: PRA   ISIN: ZAE000028577                                            
CHANGE TO THE BOARD OF DIRECTORS                                                
In compliance with section 3.59 of the Listings Requirements of the JSE         
Securities Exchange South Africa, notification is hereby given that Messrs      
Robert Reinhardt Emslie and Stefanes Francois Booysen have been appointed as non
executive directors with effect from 6 November 2003. Further to this, Messrs   
Robin David Jeffery and Geoffrey Capell Cannings have been appointed as         
alternate directors to Messrs Booysen and Emslie respectively with effect from 6
November 2003.                                                                  
Cape Town                                                                       
6 November 2003                                                                 
Sponsor                                                                         
Nedbank Corporate                                                               
Date: 06/11/2003 10:27:23 AM Supplied by www.sharenet.co.za                     
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