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Pangbourne Properties Limited - Appointment Of New Chief Executive Officer      
PANGBOURNE PROPERTIES LIMITED                                                   
(Registration Number 1987/002352/06)                                            
Share Code: PAP                                                                 
ISIN:  ZAE000005252                                                             
(`Pangbourne` or `the Company`)                                                 
APPOINTMENT OF NEW CHIEF EXECUTIVE OFFICER                                      
Further to the announcement dated 13 September 2005, the board of directors of  
Pangbourne is pleased to announce that Craig McLaren Hutchison, the Financial   
Director of Pangbourne, has been appointed as Chief Executive Officer of the    
Company, with immediate effect.                                                 
Craighall                                                                       
15 September 2005                                                               
Sponsor to Pangbourne                                                           
Standard Bank                                                                   
Date: 16/09/2005 07:46:16 AM

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