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Fri 16 Sep 2005, 15:50 Paramount - Changes to the board of directors
Paramount - Changes to the board of directors                                   
Paramount Property Fund Limited                                                 
(Incorporated in the Republic of South Africa)                                  
(Registration number 1945/019928/06)                                            
Share code: PRA & ISIN: ZAE000028577                                            
(`Paramount`)                                                                   
CHANGES TO THE BOARD OF DIRECTORS                                               
In compliance with section 3.59 of the JSE Limited Listings Requirements, the   
Board of Paramount wish to advise that Messrs NP Mageza and F Meisenholl have   
resigned as non-executive directors of Paramount with immediate effect.         
Linked unit holders are further advised that Messrs RR Emslie and RD Jeffery    
(previously an alternate director) have been appointed as non-executive         
directors with immediate effect.                                                
Cape Town                                                                       
16 September 2005                                                               
Sponsor                                                                         
Nedbank Capital                                                                 
Date: 16/09/2005 03:46:05 PM       
Produced by the JSE SENS Department
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