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Fri 18 Mar 2005, 11:23 ADOPTION OF DISTRIBUTION PER LINKED UNIT AS THE
ACUCAP PROPERTIES LIMITED - ADOPTION OF DISTRIBUTION PER LINKED UNIT AS THE     
FINANCIAL RESULTS MEASURE                                                       
ACUCAP PROPERTIES LIMITED                                                       
(Incorporated in the Republic of South Africa)                                  
(Registration number 2001/021725/06)                                            
Share code:  ACP      ISIN:  ZAE000037651                                       
(`Acucap`)                                                                      
ADOPTION OF DISTRIBUTION PER LINKED UNIT AS THE FINANCIAL RESULTS MEASURE       
Acucap linked unit holders are advised that in terms of paragraph 3.4(b)(v) of  
the JSE Securities Exchange South Africa Listings Requirements, Acucap will be  
adopting distribution per linked unit (being a proxy for cash flow per linked   
unit) as the financial results measure for trading statement purposes, for      
reporting periods commencing on 1 April 2005.                                   
Johannesburg                                                                    
18 March 2005                                                                   
Investment bank and sponsor                                                     
Nedbank Capital                                                                 
Date: 18/03/2005 11:02:03 AM                  
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