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APEXHI PROPERTIES LIMITED - DIRECTORS DEALING ANNOUNCEMENT                      
  ApexHi Properties Limited                                                       
  (Registration No. 1999/000238/06)                                               
  JSE Share codes: APA                                                            
  ISIN codes: ZAE000033064                                                        
  JSE Share codes: APB                                                            
  ISIN codes: ZAE000033072                                                        
  DIRECTORS DEALING ANNOUNCEMENT                                                  
  In compliance with section 3.63 of the Listings Requirements of the JSE, we     
  hereby advise the following dealings by a director in the company`s securities: 
  Name of director:             Deon Feinblum                                     
  Dates of transaction:         7 June 2004                                       
  Average Price:                705 cents                                         
  Number of linked units:       10 000                                            
  Total value:                  R70 500                                           
  Class of securities:          `B` linked units                                  
  Nature:                       Purchase of `B` linked units                      
  Interest:                     Direct beneficial                                 
  Clearance to deal was received in terms of paragraph 3.66 of the JSE Listings   
  Requirements.                                                                   
  Johannesburg                                                                    
  8 June 2004                                                                     
  Sponsor:                                                                        
  Java Capital (Pty) Limited                                                      
  Date: 08/06/2004 03:56:02 PM Produced by the JSE SENS Department                
                                                                                  
                                                                                  

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