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Thu 6 May 2004, 15:39 Distribution
ApexHi Properties Limited - Distribution                                        
  ApexHi Properties Limited                                                       
  (Registration No. 1999/000238/06)                                               
  Share codes: APA    ISIN codes:    ZAE000033064                                 
               APB                   ZAE000033072                                 
  DISTRIBUTION                                                                    
  The board has resolved that unit holders are entitled to receive interest       
  distribution number 12 in respect of the quarter 1 January 2004 to 31 March 2004
  of 25,50 cents per A unit and 27,25 cents per B unit.                           
  - Last date to trade cum interest    Friday, 21 May 2004                        
  - Units will trade ex interest       Monday, 24 May 2004                        
  - Record date                        Friday, 28 May 2004                        
  - Payment of interest                                                           
    distribution number 12             Monday, 31 May 2004                        
  There may be no dematerialisation or re-materialisation of the A and B units    
  between Monday, 24 May 2004 and Friday, 28 May 2004, both days inclusive.       
  By order of the Board                                                           
  G G L Leissner                                                                  
  Chief Executive Officer                                                         
  Johannesburg                                                                    
  06 May 2004                                                                     
  Date: 06/05/2004 03:08:32 PM Produced by the JSE SENS Department                
                                                                                  
                                                                                  
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