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Tue 8 Mar 2005, 17:49 Spearhead Property Holdings Limited - Directors" D
Spearhead Property Holdings Limited - Directors` Dealings                       
Spearhead Property Holdings Limited                                             
Incorporated in the Republic of South Africa                                    
(Registration number: 1996/005827/06)                                           
Share code: SPE ISIN: ZAE000019162                                              
DIRECTORS` DEALINGS                                                             
In compliance with paragraphs 3.63 - 3.74 of the Listings Requirements of the   
JSE Securities Exchange South Africa, the following information is disclosed:   
Name of director         : Mr Darren Wilder                                     
Date of transaction      : 4 March 2005                                         
Price per linked unit    : 2 315 cents                                          
Number of linked units   : 63 399                                               
Total value              : R1 467 686.85                                        
Class of securities      : Linked units                                         
Nature of transaction    : Purchase                                             
Extent of interest       : Direct and beneficial                                
Consent                  : Clearance was given                                  
Name of director         : Mr Dennis Fabian                                     
Date of transaction      : 4 March 2005                                         
Price per linked unit    : 2 315 cents                                          
Number of linked units   : 13 500                                               
Total value              : R312 525                                             
Class of securities      : Linked units                                         
Nature of transaction    : Purchase                                             
Extent of interest       : Direct and beneficial                                
Consent                  : Clearance was given                                  
8 March 2005                                                                    
Cape Town                                                                       
Sponsor: Bridge Capital Services (Pty) Limited                                  
Date: 08/03/2005 05:36:17 PM                    
Produced by the JSE SENS Department                                             
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