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Fri 12 Nov 2004, 11:49 ACUCAP - DEALING IN LINKED UNITS BY DIRECTORS
ACUCAP - DEALING IN LINKED UNITS BY DIRECTORS                                   
ACUCAP PROPERTIES LIMITED                                                       
(Incorporated in the Republic of South Africa)                                  
(Registration number 2001/021725/06)                                            
Share code:  ACP    ISIN:  ZAE000037651                                         
(`Acucap`)                                                                      
DEALING IN LINKED UNITS BY DIRECTORS                                            
In terms of paragraph 3.63 - 3.65 of the Listings Requirements of the JSE       
Securities Exchange South Africa, the following information, relating to the    
dealing in securities by a director, is disclosed:                              
Non-executive director:                 B S Kantor                              
Company of which a director:            Acucap                                  
Date of transaction:                    11 November 2004                        
Number of linked units purchased:       7 469                                   
Price purchased at:                     R14.60 per linked unit                  
Value of transaction:                   R109 047.40                             
Extent of interest:                     Direct beneficial                       
Share class:                            Linked units                            
Nature of transaction:                  Purchase on the open market             
Written clearance to deal:              Yes                                     
Non-executive director:  D de Beer who owns 50% of Optimprops 3 (Proprietary)   
Limited, the entity which entered into the transaction                          
Company of which a director:            Acucap                                  
Date of transaction:                    10 November 2004                        
Number of linked units sold:            16 543                                  
Price sold at:                          R14.60 per linked unit                  
Value of transaction:                   R241 527.80                             
Extent of interest:                     Indirect beneficial                     
Share class:                            Linked units                            
Nature of transaction:                  Sale on the open market                 
Written clearance to deal:              Yes                                     
Non-executive director:  D de Beer who owns 50% of Optimprops 3 (Proprietary)   
Limited, the entity which entered into the transaction                          
Company of which a director:            Acucap                                  
Date of transaction:                    11 November 2004                        
Number of linked units sold:            197 059                                 
Price sold at:                          R14.55 per linked unit                  
Value of transaction:                   R2 867 208.45                           
Extent of interest:                     Indirect beneficial                     
Share class:                            Linked units                            
Nature of transaction:                  Sale on the open market                 
Written clearance to deal:              Yes                                     
Cape Town                                                                       
12 November 2004                                                                
Sponsor                                                                         
Nedbank Capital                                                                 
Date: 12/11/2004 11:41:04 AM    
Produced by the JSE SENS Department                                             
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