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Mon 22 Nov 2004, 11:17 DEALING IN LINKED UNITS BY A DIRECTOR
ACUCAP PROPERTIES LIMITED - DEALING IN LINKED UNITS BY A DIRECTOR               
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 A DIRECTOR                                           
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:                 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:                    19 November 2004                        
Number of linked units sold:            25 743                                  
Price sold at:                          R15.1809 per linked unit                
Value of transaction:                   R390 801.91                             
Extent of interest:                     Indirect beneficial                     
Share class:                            Linked units                            
Nature of transaction:                  Sale on the open market                 
Written clearance to deal:              Yes                                     
Cape Town                                                                       
22 November 2004                                                                
Sponsor                                                                         
Nedbank Capital                                                                 
Date: 22/11/2004 10:52:38 AM               
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