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Wed 14 Jan 2004, 13:12 DEALING IN SECURITIES BY A DIRECTOR
PARAMOUNT PROPERTY FUND LIMITED - DEALING IN SECURITIES BY A DIRECTOR           
Paramount Property Fund Limited                                                 
(Incorporated in the Republic of South Africa)                                  
(Registration number 1945/019928/06)                                            
Share code: PRA ISIN: ZAE000028577                                              
("Paraprop")                                                                    
DEALING IN SECURITIES BY A DIRECTOR                                             
In compliance with 3.63 to 3.65 of the JSE Listings Requirements, the following 
information is disclosed:                                                       
Non-executive director            EG Raubenheimer                               
Director of                       Paraprop                                      
Transaction date                  13 January 2004                               
Class of securities               Linked units                                  
Price                             R3.70 per linked unit                         
Number of securities              7 000                                         
Total value                       R25 900                                       
Nature of transaction             Open market sale                              
Extent of interest                Direct beneficial                             
Clearance to deal obtained        Yes                                           
Non-executive director            EG Raubenheimer                               
Director of                       Paraprop                                      
Transaction date                  13 January 2004                               
Class of securities               Linked units                                  
Price                             R3.65 per linked unit                         
Number of securities              34 300                                        
Total value                       R125 195                                      
Nature of transaction             Open market sale                              
Extent of interest                Direct beneficial                             
Clearance to deal obtained        Yes                                           
Non-executive director            EG Raubenheimer                               
Director of                       Paraprop                                      
Transaction date                  13 January 2004                               
Class of securities               Linked units                                  
Price                             R3.63 per linked unit                         
Number of securities              1 601                                         
Total value                       R5 812                                        
Nature of transaction             Open market sale                              
Extent of interest                Direct beneficial                             
Clearance to deal obtained        Yes                                           
Cape Town                                                                       
14 January 2004                                                                 
Sponsor                                                                         
Nedbank Corporate                                                               
Date: 14/01/2004 12:53:02 PM Supplied by www.sharenet.co.za                     
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