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Tue 15 Mar 2005, 16:36 Paramount Property Fund Limited - Distribution Ann
Paramount Property Fund Limited - Distribution Announcement                     
Paramount Property Fund Limited                                                 
(Incorporated in the Republic of South Africa)                                  
(Registration number 1945/019928/06)                                            
Share code: PRA                                                                 
ISIN: ZAE000028577                                                              
DISTRIBUTION ANNOUNCEMENT                                                       
Notice is hereby given that the board has declared a quarterly interest         
distribution of 13.0 cents per linked unit, in respect of the quarter ended 31  
January 2005. The last day to trade cum distribution will be Friday, 1 April    
2005. The linked units will commence trading ex distribution as from Monday, 4  
April 2005 and the record date will be Friday, 8 April 2005.  The distribution  
will be paid on Monday, 11 April 2005.                                          
Linked unit certificates may not be dematerialised or rematerialised between    
Monday, 4 April 2005 and Friday, 8 April 2005, both days inclusive.             
Cape Town                                                                       
15 March 2005                                                                   
Sponsor                                                                         
Nedbank Capital                                                                 
Date: 15/03/2005 04:16:16 PM                      
Produced by the JSE SENS Department                                             
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