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Fri 19 Dec 2003, 12:55 Dealing in securities by a director
PANGBOURNE PROPERTIES LIMITED - Dealing in securities by a director             
PANGBOURNE PROPERTIES LIMITED                                                   
Incorporated in the Republic of South Africa                                    
(Registration number 1987/002352/06)                                            
Share code: PAP                                                                 
ISIN: ZAE000005252                                                              
("Pangbourne" or "the Company")                                                 
Dealing in securities by a director                                             
In compliance with paragraph 3.63 to 3.74 of the JSE Securities Exchange South  
Africa Listing Requirements, the following information is disclosed:            
Name of director                   :A M A Campbell                              
Date of transaction                :18 December 2003                            
Number of linked units             :40 442                                      
Class of security                  :Linked unit                                 
Price per linked unit              :R8.00                                       
Nature of the transaction          :Sale of units to repay executive unit       
                                   purchase share trust loan                    
Aggregate consideration            :R323 536                                    
Director"s interest                :Indirect, beneficial                        
Clearance to deal in these shares has been obtained in accordance with          
Pangbourne"s policy with regard to directors" dealings as well as the Listings  
Requirements of the JSE.                                                        
Johannesburg                                                                    
19 December 2003                                                                
Sponsor                                                                         
Standard Corporate and Merchant Bank                                            
(A division of The Standard Bank of South Africa Limited)                       
(Registration number 1962/000738/06)                                            
Date: 19/12/2003 11:51:02 AM Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department
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