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Prima Property Trust - Cautionary Announcement                                  
Prima Property Trust                                                            
Share code: PRM     ISIN: ZAE000005641                                          
(`Prima`)                                                                       
A collective investment scheme in property established in terms of the          
Collective Investment Schemes Control Act, 45 of 2002 (the `Act`) managed by    
Prima Property Trust Managers Limited                                           
(Registration number 1969/011594/06)                                            
(`PPTM`)                                                                        
CAUTIONARY ANNOUNCEMENT                                                         
Unitholders are advised that Prima is involved in discussions, which if         
successfully concluded, may have a material effect on the price of Prima`s      
securities. Accordingly, unitholders are advised to exercise caution when       
dealing in Prima`s securities until a full announcement is made.                
Rosebank                                                                        
4 April 2005                                                                    
Sponsor                                                                         
Java Capital (Pty) Limited

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