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MARTPROP PROPERTY FUND - DIRECTORS SHARE DEALINGS                               
MARTPROP PROPERTY FUND                                                          
Share code: MTP   ISIN code: ZAE000037271                                       
Directors share dealings                                                        
Further to the announcement released earlier.  The nature of the transaction was
a sale as noted below:                                                          
In accordance with the requirements of paragraph 3.63 to 3.74 of the JSE        
Listings Requirements the following should be noted:                            
Name of Share             :      Martprop Property Fund                         
Number of shares          :      40 000                                         
Price per share           :      255 cps                                        
Name of account           :      Alison King Family Trust                       
Indirect non-beneficial   :      Mike Mun-Gavin (Trustee)                       
Clearance obtained        :      Yes                                            
Date                      :      16 September 2004                              
Nature of transaction     :      Sale

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