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Fri 14 Jan 2005, 17:34 ACUCAP PROPERTIES LIMITED - DEALING IN LINKED UNIT
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 - 3.74 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:                 Frank Berkeley                          
Company of which a director:            Acucap                                  
Date of transaction:                    14 January 2005                         
Number of linked units purchased:       4 945                                   
Price purchased at:                     R16.05 per linked unit                  
Value of transaction:                   R79 367.25                              
Extent of interest:                     Direct beneficial                       
Share class:                            Linked units                            
Nature of transaction:                  Open market purchase                    
Written clearance to deal:              Yes                                     
Cape Town                                                                       
14 January 2005                                                                 
Sponsor                                                                         
Nedbank Capital
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