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Fri 23 Sep 2005, 15:57 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 Listing Requirements`), the following information is          
disclosed:                                                                      
Name of director              :    Mr AJWL Richards                             
Date of transaction           :    22 September 2005                            
Number of combined units      :    197,874                                      
Class of security             :    Combined unit                                
Price per combined unit       :    R11,90                                       
Nature of the transaction     :    Sale of units to                             
                                   repay executive unit purchase share trust    
                                   loan                                         
Aggregate consideration       :    R 2 354 700.60                               
Director`s interest           :    Direct, beneficial                           
Name of director              :    Mr DJ Kennedy                                
Date of transaction           :    22 September 2005                            
Number of combined units      :    197 874                                      
Class of security             :    Combined unit                                
Price per combined unit       :    R11.90                                       
Nature of the transaction     :    Sale of units to repay executive unit        
purchase share trust loan                    
Aggregate consideration       :    R 2 354 700.60                               
Director`s interest           :    Direct, beneficial                           
Clearance to deal in these combined units has been obtained in accordance with  
Pangbourne`s policy with regard to directors` dealings as well as the JSE       
Listings Requirements.                                                          
Johannesburg                                                                    
23 September 2005                                                               
Sponsor                                                                         
Standard Bank                                                                   
Date: 23/09/2005 03:55:02 PM
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