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Fri 5 Nov 2004, 16:04 CHANGE IN DIRECTORSHIP
S A RETAIL PROPERTIES LIMITED - CHANGE IN DIRECTORSHIP                          
S A RETAIL PROPERTIES LIMITED                                                   
(Incorporated in the Republic of South Africa)                                  
(Registration number: 1999/025764/06)                                           
(JSE Code: SRL & ISIN Code: ZAE000034328)                                       
CHANGE IN DIRECTORSHIP                                                          
In terms of section 3, paragraph 3.59 of the JSE Listings Requirements, SA      
Retail Properties Limited wishes to advise shareholders that following a board  
meeting held on 4 November 2004, Mr Richard Michael Thomas has been appointed as
an alternate director to Mr Frank Michael Berkeley with effect from 4 November  
2004.                                                                           
Durban                                                                          
5 November 2004                                                                 
Sponsor                                                                         
Exchange Sponsors (Pty) Limited                                                 
Date: 05/11/2004 04:03:31 PM
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