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Hyprop Investments Limited - Cautionary Announcement                            
  Hyprop Investments Limited                                                      
  (Registration No. 1987/005284/06)                                               
  Share code: HYP    ISIN code: ZAE000003430                                      
  (the "company")                                                                 
  CAUTIONARY ANNOUNCEMENT                                                         
  Java Capital is authorised to announce that the company has entered into        
  negotiations which, if successfully concluded, may have a material effect on the
  price of the company"s securities. Accordingly, holders of the company"s        
  securities are advised to exercise caution when dealing in such securities until
  a full announcement is made.                                                    
  Rosebank                                                                        
  3 May 2004                                                                      
  Sponsor                                                                         
  Java Capital (Proprietary) Limited                                              
  Date: 03/05/2004 04:25:09 PM Produced by the JSE SENS Department

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