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Fri 5 Nov 2004, 15:12 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 Securities Exchange South Africa
(`JSE`) Listing Requirements, the following information is disclosed:           
1. Director                      :    BL Stuhler, who holds a                   
                                      100% of Chataprop                         
Holdings 50 (Pty)                         
                                      Ltd, the entity which                     
                                      entered into the                          
                                      transaction.                              
Number of units               :    1 000 000                                 
   Price per unit                :    R2,52                                     
   Value of the transaction      :    R2 520 000                                
   Date of transaction           :    5 November 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.                                                 
Johannesburg                                                                    
5 November 2004                                                                 
Sponsor                                                                         
Java Capital (Pty) Ltd                                                          
Date: 05/11/2004 03:08:45 PM
Produced by the JSE SENS Department
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