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Mon 13 Dec 2004, 16:56 Pangbourne - Dealing in securities by a director
Pangbourne - Pangbourne - Dealing in securities by a director                                
PANGBOURNE PROPERTIES LIMITED                                                   
Incorporated in the Republic of South Africa                                    
(Registration number 1987/002352/06)                                            
Share code: PAP                                                                 
ISIN: ZAE000005252                                                              
(`Pangbourne` or `the Company`)                                                 
Dealing in securities by a director                                             
In compliance with paragraph 3.63 to 3.74 of the JSE Securities Exchange South  
Africa Listing Requirements, the following information is disclosed:            
Name of director                   :  A J W L Richards                          
Date of transaction                :  13 December                               
Number of combined units           :  164 914                                   
Class of security                  :  Combined unit                             
Price per combined unit            :  R8.50                                     
Nature of the transaction          :  Sale of units to repay executive unit     
                                      purchase share trust loan                 
Aggregate consideration            :  R1 401 769                                
Director`s interest                :  Direct, beneficial                        
Clearance to deal in these combined units has been obtained in accordance with  
Pangbourne`s policy with regard to directors` dealings as well as the Listings  
Requirements of the JSE.                                                        
Johannesburg                                                                    
13 December 2004                                                                
Sponsor                                                                         
Standard Bank                                                                   Pangbourne - Dealing in securities by a director                                
PANGBOURNE PROPERTIES LIMITED                                                   
Incorporated in the Republic of South Africa                                    
(Registration number 1987/002352/06)                                            
Share code: PAP                                                                 
ISIN: ZAE000005252                                                              
(`Pangbourne` or `the Company`)                                                 
Dealing in securities by a director                                             
In compliance with paragraph 3.63 to 3.74 of the JSE Securities Exchange South  
Africa Listing Requirements, the following information is disclosed:            
Name of director                   :  A J W L Richards                          
Date of transaction                :  13 December                               
Number of combined units           :  164 914                                   
Class of security                  :  Combined unit                             
Price per combined unit            :  R8.50                                     
Nature of the transaction          :  Sale of units to repay executive unit     
                                      purchase share trust loan                 
Aggregate consideration            :  R1 401 769                                
Director`s interest                :  Direct, beneficial                        
Clearance to deal in these combined units has been obtained in accordance with  
Pangbourne`s policy with regard to directors` dealings as well as the Listings  
Requirements of the JSE.                                                        
Johannesburg                                                                    
13 December 2004                                                                
Sponsor                                                                         
Standard Bank                                                                                                   
PANGBOURNE PROPERTIES LIMITED                                                   
Incorporated in the Republic of South Africa                                    
(Registration number 1987/002352/06)                                            
Share code: PAP                                                                 
ISIN: ZAE000005252                                                              
(`Pangbourne` or `the Company`)                                                 
Dealing in securities by a director                                             
In compliance with paragraph 3.63 to 3.74 of the JSE Securities Exchange South  
Africa Listing Requirements, the following information is disclosed:            
Name of director                   :  A J W L Richards                          
Date of transaction                :  13 December                               
Number of combined units           :  164 914                                   
Class of security                  :  Combined unit                             
Price per combined unit            :  R8.50                                     
Nature of the transaction          :  Sale of units to repay executive unit     
                                      purchase share trust loan                 
Aggregate consideration            :  R1 401 769                                
Director`s interest                :  Direct, beneficial                        
Clearance to deal in these combined units has been obtained in accordance with  
Pangbourne`s policy with regard to directors` dealings as well as the Listings  
Requirements of the JSE.                                                        
Johannesburg                                                                    
13 December 2004                                                                
Sponsor                                                                         
Standard Bank
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