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Wed 1 Sep 2004, 16:34 ACQUISITIONS - FULFILLMENT OF CONDITIONS PRECEDENT
CAPITAL PROPERTY FUND - ACQUISITIONS - FULFILLMENT OF CONDITIONS PRECEDENT      
  CAPITAL PROPERTY FUND                                                           
  (`Capital`)                                                                     
  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)                                               
  ACQUISITIONS - FULFILLMENT OF CONDITIONS PRECEDENT                              
  Unitholders are referred to the announcement published on 23 August 2004 in     
  terms of which unitholders were advised, inter alia, that agreements with       
  Resilient Property Income Fund Limited, Old Mutual Life Assurance Company (South
  Africa) Limited, The Standard Bank of South Africa Limited (`Standard Bank`) and
  Acucap Properties Limited (collectively the `acquisition agreements`) were still
  subject to the approval of the Competition Commission. In addition, the         
  acquisition agreement in respect of the Standard Bank properties was subject to 
  certain additional conditions precedent.                                        
  Java Capital is authorised to announce that all conditions precedent with       
  respect to the acquisition agreements have now been fulfilled. Capital will now 
  proceed with the transfer of the properties into its name and the listing and   
  issue of the units to the respective vendors.                                   
  Johannesburg                                                                    
  1 September 2004                                                                
  Corporate advisor                                                               
  Sponsor                                                                         
  Java Capital (Proprietary) Limited                                              
  Date: 01/09/2004 03:50:03 PM Produced by the JSE SENS Department
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