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PREMIUM PROPERTIES LIMITED - DEALING IN SECURITIES BY A DIRECTOR                
PREMIUM PROPERTIES LIMITED                                                      
(Incorporated in the Republic of South Africa)                                  
(Registration number 1994/003601/06)                                            
Share code:  PMM      ISIN:  ZAE000009254                                       
(`Premium`)                                                                     
DEALING IN SECURITIES BY A DIRECTOR                                             
In compliance with rule 3.63 - 3.65 of the JSE Listings Requirements, the       
following information relating to the dealing in securities by a director, is   
disclosed:                                                                      
Executive director:                A Wapnick                                    
Director of:                       Premium Properties Limited                   
Date of transaction:               28 July 2004                                 
Number of linked units purchased:  50 900                                       
Price purchased at:                R3.45 per linked units                       
Total value of transaction:        R175 605                                     
Extent of interest:                Indirect beneficial                          
Class of securities:               Linked units                                 
Nature of transaction:             Purchase on the open market                  
Clearance to deal granted:         Yes                                          
Pretoria                                                                        
30 July 2004                                                                    
Sponsor                                                                         
Nedbank Capital

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