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Wed 6 Apr 2005, 14:55 Disclosure under Rule 7.1 of the Securities Regul
Hyprop -  Disclosure under Rule 7.1 of the Securities Regulation Panel Code on  
          Take-overs and Mergers                                                
Hyprop Investments Limited                                                      
(Incorporated in the Republic of South Africa)                                  
(Registration No. 1987/005284/06)                                               
Share Code: HYP                                                                 
ISIN Code: ZAE000003430                                                         
(`Hyprop`)                                                                      
DISCLOSURE UNDER RULE 7.1 OF THE SECURITIES REGULATION PANEL CODE ON TAKE-OVERS 
AND MERGERS                                                                     
Date of disclosure:               6 April 2005                                  
Date of dealing:                  5 April 2005                                  
Dealing in:                       SA Retail Properties Limited                  
Class of securities:              Linked units                                  
Number bought and price paid:     3 453 070 @ R7.9998                           
Number bought and price paid:     30 000 @ R8.00                                
Total resultant percentage:       6.5%                                          
Party making disclosure:          Hyprop Investments Limited                    
Rosebank                                                                        
6 April 2005                                                                    
Sponsor                                                                         
Java Capital (Pty) Ltd                                                          
Date: 06/04/2005 02:52:03 PM                 
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