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Mon 19 Jan 2004, 16:25 NEW SALIENT DATES FOR DISTRIBUTIONS TO
BONATLA PROPERTY HOLDINGS LIMITED - NEW SALIENT DATES FOR DISTRIBUTIONS TO      
                                      SHAREHOLDERS                                
  Bonatla Property Holdings Limited                                               
  (Incorporated in the Republic of South Africa)                                  
  (Registration number 1996/014533/06)                                            
  Share code: BNT                                                                 
  ISIN: ZAE000013694                                                              
  ("Bonatla" or "the company")                                                    
  NEW SALIENT DATES FOR DISTRIBUTIONS TO SHAREHOLDERS                             
  LPC Manhattan Sponsors (Proprietary) Limited is authorised to announce that     
  further to the announcement of the Withdrawal of the Salient Dates dated        
  11 August 2003:                                                                 
  -    The sale of properties by the company, as envisaged in the circular to     
       shareholders dated 15 July 2003, has substantially been completed;         
  -    The company will distribute 50 cents per share in cash to shareholders by  
  way of a return of capital;                                                
  -    The company will in due course make a distribution in specie of "b-class"  
       linked units in Alpina Investments ("Alpina");                             
  -    The new salient dates for the return of capital to shareholders is given   
  below.                                                                     
  The directors of Bonatla are continuing to wind down the company"s affairs and  
  expect to make a further distribution to shareholders prior to the winding up of
  the company.                                                                    
  Salient dates                                        2004                       
  Last day to trade in Bonatla shares for           Friday,                       
  return of capital                              February 6                       
  Shares will trade ex the return of                Monday,                       
  capital                                        February 9                       
  Record date to be eligible for return of          Friday,                       
  capital                                       February 13                       
  Payment of return of capital                      Monday,                       
  February 16                       
  Share certificates may not be dematerialised or rematerialised between Monday,  
  February 9 2004 and Friday, February 13 2004, both days inclusive.              
  Wierda Valley                                                                   
  19 January 2004                                                                 
  Sponsor:                                                                        
  LPC Manhattan                                                                   
  Date: 19/01/2004 04:15:02 PM Produced by the JSE SENS Department                
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