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Mon 21 Jun 2004, 9:34 DIRECTOR"S DEALINGS IN LINKED UNITS
Hyprop Investments Limited  - DIRECTOR`S DEALINGS IN LINKED UNITS               
  Hyprop Investments Limited                                                      
  (Incorporated in the Republic of South Africa)                                  
  (Registration No. 1987/005284/06)                                               
  (Share code: HYP         ISIN number: ZAE00003430)                              
  (`Hyprop`)                                                                      
  DIRECTOR`S DEALINGS IN LINKED UNITS                                             
  In compliance with rule 3.63 - 3.74 of the JSE Securities Exchange South Africa 
  Listing Requirements, the following is disclosed:                               
  Name of director:                   Peter Kirchmann                             
  Date of transaction:                18 June 2004                                
  Nature of transaction:              Purchase                                    
  Number of linked units:             20 000                                      
  Nature and extent of                                                            
  director`s interest:                Indirect, beneficial                        
  Price per linked unit:              R14,16                                      
  Total value:                        R283 200                                    
  Clearance to deal was received in terms of paragraph 3.66 of the JSE Listings   
  Requirements.                                                                   
  21 June 2004                                                                    
  Sponsor                                                                         
  Java Capital (Pty) Ltd                                                          
  Date: 21/06/2004 09:15:03 AM Produced by the JSE SENS Department                
                                                                                  
                                                                                  
                                                                                  
  
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