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Tue 2 Mar 2004, 18:27 Paramount Property Fund Limited - Dealing In Secur
Paramount Property Fund Limited - Dealing In Securities By Directors            
  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 DIRECTORS                                              
  In compliance with 3.63 to 3.65 of the JSE Listings Requirements, the following 
  information is disclosed:                                                       
  Non-executive director               ADP Ovenstone                              
  Director of                          Paraprop                                   
  Transaction date                     27 February 2004                           
  Class of securities                  Linked units                               
  Price                                R3.34 per linked unit                      
  Number of securities                 15 000                                     
  Total value                          R50 100                                    
  Nature of transaction                Open market purchase                       
  Extent of interest                   Indirect non-beneficial                    
  Clearance to deal obtained           Yes                                        
  Non-executive director               HN Coertze                                 
  Director of                          Paraprop                                   
  Transaction date                     27 February 2004                           
  Class of securities                  Linked units                               
  Price                                R0.0 per linked unit                       
  Number of securities                 200 000                                    
  Total value                          R0.00                                      
  Nature of transaction                Off-market transfer                        
  Extent of interest before transfer   Indirect beneficial                        
  Extent of interest after transfer    Indirect non-beneficial                    
  Clearance for transfer obtained      Yes                                        
  Cape Town                                                                       
  2 March 2004                                                                    
  Sponsor                                                                         
  Nedbank Corporate                                                               
  Date: 02/03/2004 05:49:20 PM Produced by the JSE SENS Department                
                                                                                  
                                                                                  
                                                                                  
  



 
 
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