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Mon 6 Sep 2004, 16:34 Dealing In Securities By Director
Pangbourne Properties Limited - Dealing In Securities By Director               
PANGBOURNE PROPERTIES LIMITED                                                   
(Incorporated in the Republic of South Africa)                                  
(Registration number 1987/002352/06)                                            
(Share code: PAP)                                                               
(ISIN: ZAE000005252)                                                            
(`Pangbourne`)                                                                  
In compliance with paragraphs 3.63 to 3.74 of the Listings Requirements of the  
JSE Securities Exchange South Africa (`the JSE`), the following information is  
disclosed:                                                                      
DEALING IN SECURITIES BY DIRECTOR                                               
Surname:                      Richards                                          
First name:                   Anthony John Warren Langdon                       
Designation:                  Director                                          
Date of transaction:          02 September 2004                                 
Class of security:            Combined unit                                     
Price per combined unit:      R7.70                                             
Number of combined units:     348 000                                           
Aggregate consideration:      R2 679 600                                        
Director`s interest:          Indirect, beneficial                              
Nature of the transaction:    Allocation of units in terms of executive unit    
purchase scheme                                                                 
Surname:                      Kennedy                                           
First name:                   David John                                        
Designation:                  Director                                          
Date of transaction:          02 September 2004                                 
Class of security:            Combined unit                                     
Price per combined unit:      R7.70                                             
Number of combined units:     130 000                                           
Aggregate consideration:      R1 001 000                                        
Director`s interest:          Direct, beneficial                                
Nature of the transaction:    Allocation of units in terms of executive unit    
purchase scheme                                                                 
Surname:                      Groenewald                                        
First name:                   Jacobus Johannes                                  
Designation:                  Company Secretary                                 
Date of transaction:          02 September 2004                                 
Class of security:            Combined unit                                     
Price per combined unit:      R7.70                                             
Number of combined units:     106 000                                           
Aggregate consideration:      R816 200                                          
Director`s interest:          Direct, beneficial                                
Nature of the transaction:    Allocation of units in terms of executive unit    
purchase scheme                                                                 
Prior clearance to deal in these combined units has been obtained in accordance 
with Pangbourne`s policy with regard to directors` dealings and in terms of Rule
3.66 of the Listings Requirements of the JSE.                                   
The above allocations were made outside of a closed period.                     
Johannesburg                                                                    
06 September 2004                                                               
Sponsor                                                                         
Standard Bank                                                                   
Date: 06/09/2004 04:26:48 PM                     
Produced by the JSE SENS Department
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