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Wed 11 Feb 2004, 12:47 Dealing In Linked Units By A Director
Acucap Properties Limited - Dealing In Linked Units By A Director               
  Acucap Properties Limited                                                       
  (Incorporated in the Republic of South Africa)                                  
  (Registration number 2001/021725/06)                                            
  Share code:  ACP      ISIN:  ZAE000037651                                       
  ("Acucap")                                                                      
  DEALING IN LINKED UNITS BY A DIRECTOR                                           
  In compliance with rule 3.63 of the JSE Listings Requirements, the following    
  information is disclosed:                                                       
  Independent Non-Executive director:     Brian Kantor                            
  Director of:                            Acucap                                  
  Date of transaction:                    11 February 2004                        
  Number of linked units purchased:       2 699                                   
  Price purchased at:                     R13.10 per linked unit                  
  Value of transaction:                   R35 357                                 
  Extent of interest:                     Direct beneficial                       
  Share class:                            Linked units                            
  Nature of transaction:                  Purchase on the open market             
  Written clearance to deal:              Yes                                     
  Independent Non-Executive director:     Brian Kantor                            
  Director of:                            Acucap                                  
  Date of transaction:                    11 February 2004                        
  Number of linked units purchased:       1 215                                   
  Price purchased at:                     R13.14 per linked unit                  
  Value of transaction:                   R15 965                                 
  Extent of interest:                     Direct beneficial                       
  Share class:                            Linked units                            
  Nature of transaction:                  Purchase on the open market             
  Written clearance to deal:              Yes                                     
  Independent Non-Executive director:     Brian Kantor                            
  Director of:                            Acucap                                  
  Date of transaction:                    11 February 2004                        
  Number of linked units purchased:       86                                      
  Price purchased at:                     R13.20 per linked unit                  
  Value of transaction:                   R1 135                                  
  Extent of interest:                     Direct beneficial                       
  Share class:                            Linked units                            
  Nature of transaction:                  Purchase on the open market             
  Written clearance to deal:              Yes                                     
  Johannesburg                                                                    
  11 February 2004                                                                
  Sponsor                                                                         
  Nedbank Corporate                                                               
  Date: 11/02/2004 12:40:02 PM Produced by the JSE SENS Department                
                                                                                  
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