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Mon 5 Jul 2004, 12:39 DEALING IN SECURITIES BY DIRECTORS
PARAMOUNT PROPERTY FUND LIMITED - DEALING IN SECURITIES BY DIRECTORS            
  Paramount Property Fund Limited                                                 
  (Incorporated in the Republic of South Africa)                                  
  (Registration number 1945/019928/06)                                            
  Share code: PRA ISIN: ZAE000028577                                              
  (`Paraprop`)                                                                    
  DEALING IN SECURITIES BY DIRECTORS                                              
  In compliance with 3.63 to 3.65 of the JSE Listings Requirements, the following 
  information is disclosed:                                                       
  Executive director                 B H Kerswill                                 
  Director of Paraprop                                                            
  Transaction date                   2 July 2004                                  
  Class of securities                Linked units                                 
  Price                              R3.60 per linked unit                        
  Number of securities               25 000                                       
  Total value                        R90 000                                      
  Nature of transaction              Open market purchase                         
  Extent of interest                 Indirect beneficial                          
  Clearance to deal obtained         Yes                                          
  Executive director                 R C Squire-Howe                              
  Director of                        Paraprop                                     
  Transaction date                   2 July 2004                                  
  Class of securities                Linked units                                 
  Price                              R3.60 per linked unit                        
  Number of securities               25 000                                       
  Total value                        R90 000                                      
  Nature of transaction              Open market purchase                         
  Extent of interest                 Indirect beneficial                          
  Clearance to deal obtained         Yes                                          
  Cape Town                                                                       
  5 July 2004                                                                     
  Sponsor                                                                         
  Nedbank Capital                                                                 
  Date: 05/07/2004 12:35:21 PM Produced by the JSE SENS Department                
                                                                                  
                                                                                  
                                                                                  
  



 
 

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