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Tue 17 Aug 2004, 18:06 Resignation Of Director
Hyprop Investments Limited -Resignation Of Director                             
Hyprop Investments Limited                                                      
(Incorporated in the Republic of South Africa)                                  
(Registration No. 1987/005284/06)                                               
Share code: HYP         ISIN number: ZAE000003430                               
(`Hyprop`)                                                                      
RESIGNATION OF DIRECTOR                                                         
In compliance with rule 3.59 to 3.62 of the JSE Securities Exchange South Africa
Listings Requirements, shareholders are advised that Michael Watters has        
resigned as an alternate director of Hyprop, effective 16 August 2004.          
Johannesburg                                                                    
17 August 2004
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