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Fri 21 May 2004, 12:37 Dealing In Linked Units By Directors
Acucap - Dealing In Linked Units By Directors And The Company Secretary 

Release Date: 21/05/2004 12:14:34      Code(s): ACP        
ACUCAP - DEALING IN LINKED UNITS BY DIRECTORS AND THE COMPANY SECRETARY         
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 DIRECTORS AND THE COMPANY SECRETARY                  
In compliance with rule 3.63 of the JSE Listings Requirements, the following    
information is disclosed:                                                       
Independent Non-Executive director:     D de Beer who is a trustee of the Suni  
                                        Trust, the entity which entered into the
transaction                             
Date of transaction:                    20 May 2004                             
Number of linked units purchased:       100 000                                 
Price purchased at:                     R12.40 per linked unit                  
Value of transaction:                   R1 240 000                              
Extent of interest:                     Indirect non-beneficial                 
Share class:                            Linked units                            
Nature of transaction:                  Purchase on the open market             
Written clearance to deal:              Yes                                     
Independent Non-Executive director:     D de Beer who owns 50% of Optimprops 3  
                                        (Proprietary) Limited, the entity which 
                                        entered into the transaction            
Date of transaction:                    20 May 2004                             
Number of linked units purchased:       49 500                                  
Price purchased at:                     R12.40 per linked unit                  
Value of transaction:                   R613 800                                
Extent of interest:                     Indirect beneficial                     
Share class:                            Linked units                            
Nature of transaction:                  Purchase on the open market             
Written clearance to deal:              Yes                                     
Independent Non-Executive director:     D de Beer who owns 100% of Hollyrood    
                                        Investments (Proprietary) Limited, the  
                                        entity which entered into the           
                                        transaction                             
Date of transaction:                    20 May 2004                             
Number of linked units sold:            3 600                                   
Price sold at:                          R12.50 per linked unit                  
Value of transaction:                   R45 000                                 
Extent of interest:                     Indirect beneficial                     
Share class:                            Linked units                            
Nature of transaction:                  Sale on the open market                 
Written clearance to deal:              Yes                                     
Company secretary:                      C B Marlow                              
Date of transaction:                    20 May 2004                             
Number of linked units purchased:       3 000                                   
Price purchased at:                     R12.50 per linked unit                  
Value of transaction:                   R37 500                                 
Extent of interest:                     Direct beneficial                       
Share class:                            Linked units                            
Nature of transaction:                  Purchase on the open market             
Written clearance to deal:              Yes                                     
Chairman:                               B S Kantor                              
Date of transaction:                    20 May 2004                             
Number of linked units purchased:       6 000                                   
Price purchased at:                     R12.40 per linked unit                  
Value of transaction:                   R74 400                                 
Extent of interest:                     Direct beneficial                       
Share class:                            Linked units                            
Nature of transaction:                  Purchase on the open market             
Written clearance to deal:              Yes                                     
Cape Town                                                                       
21 May 2004                                                                     
Sponsor                                                                         
Nedbank Capital                                                                 
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