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Mon 25 Jul 2005, 11:54 Resignation of director
ApexHi - Resignation of director                                                
ApexHi Properties Limited                                                       
(Incorporated in the Republic of South Africa)                                  
Registration number 1999/000238/06                                              
JSE share code: APA   ISIN: ZAE000033064                                        
                APB   ISIN: ZAE000033072                                        
(`ApexHi`)                                                                      
RESIGNATION OF DIRECTOR                                                         
In compliance with section 3.59 to 3.62 of the JSE Limited`s Listings           
Requirements, unitholders are advised that Mr Steward Shaw-Taylor has resigned  
from the board of ApexHi with effect from 21 July 2005.                         
Mr Shaw-Taylor, managing director of Standard Bank Properties, has been a       
director since October 2001, representing the interests of the Bank. The Bank is
not a major investor in ApexHi and no longer requires a representative on the   
Board.                                                                          
25 July 2005                                                                    
Sponsor                                                                         
Java Capital (Pty) Ltd
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