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Wed 25 Aug 2004, 12:17 Director"s Dealings In Units
Capital - Director`s Dealings In Units                                          
Capital Property Fund                                                           
(`Capital` or the `Fund`)                                                       
Share Code:  CPL                                                                
ISIN: ZAE000001731                                                              
(A Portfolio in Capital Property Trust Scheme, a Collective Investment Scheme in
Property established in terms of the Collective Investment Schemes Control Act, 
No 45 of 2002 managed by Property Fund Managers Limited (`PFM`))                
(Incorporated in the Republic of South Africa)                                  
(Registration No. 1980/009531/06)                                               
DIRECTOR`S DEALINGS IN UNITS                                                    
In compliance with Rules 3.63 - 3.74 of the JSE Listing Requirements, the       
following information is disclosed:                                             
1. Director                      :    BL Stuhler, who holds a                   
                                      100% of Chataprop                         
Holdings 50 (Pty)                         
                                      Ltd, the entity which                     
                                      entered into the                          
                                      transaction.                              
Number of units               :    1 600 000                                 
   Price per unit                :    R2,46                                     
   Value of the transaction      :    R3 936 000                                
   Date of transaction           :    25 August 2004                            
Nature of transaction         :    Open market purchase                      
   Nature of interest            :    Indirect Beneficial                       
Clearance to deal in compliance with paragraph 3.66 of the JSE Listings         
Requirements has been obtained.                                                 
25 August 2004                                                                  
Sponsor                                                                         
Java Capital (Pty) Ltd
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