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Tue 22 Jun 2004, 14:32 DEALING IN SECURITIES BY A DIRECTOR
ATLAS PROPERTIES LIMITED - DEALING IN SECURITIES BY A DIRECTOR                  
  ATLAS PROPERTIES LIMITED                                                        
  (Registration No: 1988/000742/06)                                               
  JSE Share Code: ATS                                                             
  ISIN Code: ZAE000008975                                                         
  DEALING IN SECURITIES BY A DIRECTOR                                             
  In compliance with paragraph 3.63 to 3.74 of the JSE Securities Exchange South  
  Africa Listing Requirements, the following information is disclosed:            
  Name of director:                  JJM van Zyl                                  
  Date of transaction:               21 June 2004                                 
  Number of linked units:            72,300                                       
  Class of security:                 Linked unit                                  
  Price per linked unit:             R 9.31                                       
  Total value:                       R 673 390                                    
  Nature of the transaction:         Disposal                                     
  Nature and extent of director`s                                                 
  interest in the transaction:       Indirect, Non-beneficial                     
  Confirmation of clearance:         Clearance to deal was granted                
  Sponsor                                                                         
  PricewaterhouseCoopers Corporate Finance (Pty) Ltd                              
  (Registration no: 1970/003711/07)                                               
  22 June 2004                                                                    
  Date: 22/06/2004 02:06:00 PM Produced by the JSE SENS Department                
                                                                                  
                                                                                  
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