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Thu 28 Oct 2004, 9:19 DIRECTOR"S DEALINGS IN UNITS
CAPITAL PROPERTY FUND - 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:                                             
Director                      :    Des de Beer, who is a                        
                                   trustee and beneficiary                      
of the Suni Trust, the                       
                                   entity which entered                         
                                   into the transaction.                        
Number of units               :    700 000                                      
Price per unit                :    R2,60                                        
Value of the transaction      :    R1 820 000                                   
Date of transaction           :    27 October 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.                                                 
28 October 2004                                                                 
Sponsor                                                                         
Java Capital (Pty) Ltd                                                          
Date: 28/10/2004 08:46:58 AM         
Produced by the JSE SENS Department
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