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Thu 10 Mar 2005, 8:32 Freestone Property Holdings Limited - Directors De
Freestone Property Holdings Limited - Directors Dealings In Securities          
FREESTONE PROPERTY HOLDINGS LIMITED                                             
(Previously Arnold Property Fund Limited)                                       
(Incorporated in the Republic of South Africa)                                  
(Registration number 2001/011887/06)                                            
Share code: FSP        ISIN: ZAE000060299                                       
(`Freestone` or `the company`)                                                  
DIRECTORS DEALINGS IN SECURITIES                                                
In compliance with section 3.63 to 3.74 of the JSE Securities Exchange South    
Africa Listings Requirements, the following information is disclosed:           
Name of director:                          W K Schultze                         
Date of transaction:                       8 March 2005                         
Number of securities:                      100 000                              
Price per security:                        500 cents per unit                   
Total value:                               R500 000                             
Class of securities:                       Linked units                         
Nature of transaction:                     Purchase                             
Nature and extent of director`s interest:  Indirect beneficial                  
Clearance to deal was received in terms of paragraph 3.66 of the JSE Listings   
Requirements.                                                                   
Rosebank                                                                        
9 March 2005                                                                    
Sponsor                                                                         
Java Capital (Pty) Limited                                                      
Date: 10/03/2005 07:36:00 AM        
Produced by the JSE SENS Department                                             
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