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Tue 20 Sep 2005, 16:03 Pangbourne Properties Limited - Dealing In Securit
Pangbourne Properties Limited - Dealing In Securities By Directors              
PANGBOURNE PROPERTIES LIMITED                                                   
Incorporated in the Republic of South Africa                                    
(Registration number 1987/002352/06)                                            
Share code: PAP                                                                 
ISIN: ZAE000005252                                                              
(`Pangbourne`)                                                                  
Dealing in securities by directors                                              
In compliance with paragraph 3.63 to 3.74 of the Listing Requirements of the JSE
Limited (`the JSE`), the following information is disclosed:                    
Name of director                   :    Mr AJWL Richards                        
Date of transaction                :    16 September 2005                       
Number of combined units           :    202 126                                 
Class of security                  :    Combined unit                           
Price per combined unit            :    R11.80                                  
Nature of the transaction          :    Sale of units to                        
                                        repay executive unit purchase share     
                                        trust loan                              
Aggregate consideration            :    R 2 372 531.58                          
Director`s interest                :    Direct, beneficial                      
Name of director                   :    Mr DJ Kennedy                           
Date of transaction                :    16 September 2005                       
Number of combined units           :    202 126                                 
Class of security                  :    Combined unit                           
Price per combined unit            :    R11.80                                  
Nature of the transaction          :    Sale of units to                        
                                        repay executive unit purchase share     
trust loan                              
Aggregate consideration            :    R 2 372 531.58                          
Director`s interest                :    Direct, beneficial                      
Clearance to deal in these combined units has been obtained in accordance with  
Pangbourne`s policy with regard to the director`s dealings as well as the       
Listings Requirements of the JSE.                                               
Johannesburg                                                                    
20 September 2005                                                               
Sponsor                                                                         
Standard Bank                                                                   
Date: 20/09/2005 03:26:05 PM               
Produced by the JSE SENS Department
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