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Wed 21 Jan 2004, 15:10 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)                                            
JSE 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:            HN Coertze                                   
Director of:                       Paraprop                                     
Transaction date:                  19 January 2004                              
Class of securities:               Linked units                                 
Price:                             R3.65 per linked unit                        
Number of securities:              7 000                                        
Total value:                       R25 550                                      
Nature of transaction:             Open market sale                             
Extent of interest:                Indirect beneficial                          
Clearance to deal obtained:        Yes                                          
Cape Town                                                                       
21 January 2004                                                                 
Sponsor:                                                                        
Nedbank Corporate                                                               
Date: 21/01/2004 03:07:03 PM Supplied by www.sharenet.co.za                     
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