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Tue 23 Dec 2003, 11:36 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:               22 December 2003                             
  Nature Of Transaction:             Purchase                                     
  Number Of Linked Units:            13 500 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 179 550                                    
  23 December 2003                                                                
  Date: 23/12/2003 11:20:01 AM Produced by the JSE SENS Department                
                                                                                  
                                                                                  
                                                                                  
  
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