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Mon 22 Dec 2003, 15:51 Director"S Dealings In Linked Units
Hyprop Investments Limited - Director"S Dealings In Linked Units                
    Hyprop Investments Limited                                                    
    (Incorporated in the Republic of South Africa)                                
  (Registration No. 1987/005284/06)                                             
    (Share code: HYP         ISIN number: ZAE00003430)                            
    ("Hyprop")                                                                    
    DIRECTOR"S DEALINGS IN LINKED UNITS                                           
  In compliance with rule 3.63 - 3.74 of the JSE Securities Exchange South      
  Africa   Listing Requirements, the following is disclosed:                      
    NAME OF DIRECTOR:                     Joe Bentel                              
    DATE OF TRANSACTION:                  12 December 2003                        
  NATURE OF TRANSACTION:                Purchase                                
    NUMBER OF LINKED UNITS:               4000 Hyprop linked units                
    NATURE AND EXTENT OF                                                          
    DIRECTOR"S INTEREST                   Direct, beneficial                      
  PRICE PER LINKED UNIT:                R 13,15 per Hyprop linked unit          
    TOTAL VALUE                           R 52 600                                
    NAME OF DIRECTOR:                     Joe Bentel                              
    DATE OF TRANSACTION:                  12 December 2003                        
  NATURE OF TRANSACTION:                Purchase                                
    NUMBER OF LINKED UNITS:               2000 Hyprop linked units                
    NATURE AND EXTENT OF                                                          
    DIRECTOR"S INTEREST                   Direct, beneficial                      
  PRICE PER LINKED UNIT:                R 13,25 per Hyprop linked unit          
    TOTAL VALUE                           R 26 500                                
    NAME OF DIRECTOR:                      Joe Bentel                             
    DATE OF TRANSACTION:                   22 December 2003                       
  NATURE OF TRANSACTION:                 Purchase                               
    NUMBER OF LINKED UNITS:                15 000 Hyprop linked units             
    NATURE AND EXTENT OF                                                          
    DIRECTOR"S INTEREST                    Direct, beneficial                     
  PRICE PER LINKED UNIT:                 R 13,30 per Hyprop linked unit         
    TOTAL VALUE                            R 199 500                              
      22 December 2003                                                            
  Date: 22/12/2003 03:47:02 PM Produced by the JSE SENS Department                
                                                                                  
                                                                                  
                                                                                  
  
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