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Wed 3 Nov 2004, 16:55 NO CHANGE STATEMENT AND NOTICE OF AGM
ARNOLD PROPERTY FUND LIMITED - NO CHANGE STATEMENT AND NOTICE OF ANNUAL GENERAL 
MEETING                                                                         
ARNOLD PROPERTY FUND LIMITED                                                    
(Incorporated in the Republic of South Africa)                                  
(Registration number 2001/011887/06)                                            
Share code: ARP   ISIN: ZAE000031720                                            
(`A-Prop`) or (`the Company`)                                                   
NO CHANGE STATEMENT AND NOTICE OF ANNUAL GENERAL MEETING                        
Linked unitholders are advised that the annual financial statements for the year
ended 30 June 2004 have now been audited by Deloitte & Touche and contain no    
modifications to the reviewed results published on 26 August 2004. Deloitte &   
Touche`s report is available for inspection at the Company`s registered office. 
The annual financial statements were posted to linked unitholders on 2 November 
2004                                                                            
NOTICE OF THE ANNUAL GENERAL MEETING                                            
Notice is hereby given that the Company`s annual general meeting of A-Prop      
linked unitholders will be held at 1st Floor, African Harvest House, Freestone  
Park, 135 Patricia Road, Sandton, 2196 on 24 November 2004 at 11h00 to transact 
business as stated in the notice of the annual general meeting forming part of  
the annual financial statements.                                                
3 November 2004                                                                 
Johannesburg                                                                    
Sponsor                                                                         
Java Capital (Pty) Ltd
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