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Tue 17 May 2005, 10:40 Capital Property Fund - Director"s Dealings In Uni
Capital Property Fund - Director`s Dealings In Units                            
Capital Property Fund                                                           
Share Code:  CPL                                                                
ISIN: ZAE000001731                                                              
(`Capital` or the `Fund`)                                                       
(A Portfolio in Capital Property Trust Scheme, a Collective Investment Scheme in
Property established in terms of the Collective Investment Schemes Control Act, 
No 45 of 2002 managed by Property Fund Managers Limited (`PFM`))                
(Incorporated in the Republic of South Africa)                                  
(Registration No. 1980/009531/06)                                               
In compliance with Rules 3.63 - 3.74 of the JSE Listings Requirements, the      
following information is disclosed:                                             
Name of director:                  Des de Beer, who is a trustee and            
                                   beneficiary of the Suni Trust, the entity    
                                   which entered into the transaction.          
Date of transaction:               16 May 2005                                  
Nature of transaction:             Purchase                                     
Number of securities:              24 330                                       
Class of securities:               Units                                        
Price per unit:                    R3.30                                        
Total value:                       R80 289.00                                   
Nature and extent of director`s                                                 
interest:                          Indirect beneficial                          
Clearance to deal in compliance with paragraph 3.66 of the JSE Listings         
Requirements has been obtained.                                                 
Rosebank                                                                        
17 May 2005                                                                     
Sponsor                                                                         
Java Capital (Pty) Ltd
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