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Tue 25 Nov 2003, 16:41 Change In Shareholding In Acucap Property Manageme
Acucap Properties Limited - 
                            (Proprietary) Limited                               
ACUCAP PROPERTIES LIMITED                                                       
(Incorporated in the Republic of South Africa)                                  
(Registration number 2001/021725/06)                                            
Share code:  ACP      ISIN:  ZAE000037651                                       
("Acucap")                                                                      
CHANGE IN SHAREHOLDING IN ACUCAP PROPERTY MANAGEMENT (PROPRIETARY) LIMITED      
("ACUCAP MANCO")                                                                
Shareholders are referred to the Acucap Properties Limited Prospectus dated 15  
March 2002. Reference was made to Acucap Manco (the company that asset manages  
Acucap"s property portfolio and manages Acucap) and the shareholding therein    
which was as follows:                                                           
Name of shareholder                                 Percentage                  
                                                    held                        
Nedbank Corporate, a division of Nedbank Limited    37,5%                       
Sanlam Property Asset Management                    37,5%                       
John Rens Family Trust                              10%                         
PA Theodosiou Primary Trust                         10%                         
Intaprop Holdings (Proprietary) Limited             5%                          
Shareholders are advised that the John Rens Family Trust and the PA Theodosiou  
Primary Trust have acquired Intaprop Holdings (Proprietary) Limited"s share in  
Acucap Manco increasing their holdings by 2,5% respectively.                    
Johannesburg                                                                    
26 November 2003                                                                
Sponsor                                                                         
Nedbank Corporate                                                               
Date: 25/11/2003 04:37:02 PM Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department                                             
                                                                                
                                                                                
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