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APEXHI - DIRECTORS DEALING ANNOUNCEMENT                                         
ApexHi Properties Limited                                                       
(Registration No. 1999/000238/06)                                               
Share codes: APA    ISIN codes:    ZAE000033064                                 
             APB                   ZAE000033072                                 
DIRECTORS DEALING ANNOUNCEMENT                                                  
In compliance with section 3.63 of the Listings Requirements of the JSE, we     
hereby disclose the following dealings by a director in the company`s           
securities:                                                                     
Name of director           Marc Wainer                                          
Dates of transaction       29 and 30 September 2004                             
Average Price              833 cents                                            
Number of linked units     52 456 on 29 September and 216 584                   
                           on 30 September                                      
Total value                R2 241 053.22                                        
Class of securities        `B` linked units                                     
Nature                     Disposal of `B` linked units                         
Interest                   Indirect                                             
Clearance to deal was received in terms of paragraph 3.66 of the JSE Listings   
Requirements.                                                                   
Johannesburg                                                                    
1 October 2004                                                                  
Sponsor                                                                         
Java Capital (Pty) Limited                                                      
Date: 01/10/2004 12:24:02 PM                    
Produced by the JSE SENS Department

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