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Tue 11 Oct 2005, 9:49 Spearhead - No change statement and notice of annu
Spearhead - No change statement and notice of annual general meeting            
Spearhead Property Holdings Limited                                             
Incorporated in the Republic of South Africa                                    
Registration number: 1996/005827/06                                             
Share code: SPE & ISIN: ZAE000019162                                            
("Spearhead")                                                                   
NO CHANGE STATEMENT AND NOTICE OF ANNUAL GENERAL MEETING                        
Unitholders are advised that the annual financial statements for the year ended 
30 June 2005 will be posted to unitholders today and contain no modifications to
the audited results which were published on SENS on 29 August 2005.             
Notice is hereby given that the annual general meeting of Spearhead unitholders 
will be held at First Floor, The Spearhead, 42 Hans Strijdom Avenue, Foreshore, 
Cape Town on Wednesday, 14 December 2005 at 11:00 to transact business as stated
in the notice of the annual general meeting, which was issued together with the 
annual report containing the annual financial statements of Spearhead for the   
year ended 30 June 2005.                                                        
Cape Town                                                                       
11 October 2005                                                                 
Sponsor: Bridge Capital Services (Pty) Limited                                  
Date: 11/10/2005 09:49:11 AM Produced by the JSE SENS Department                
                                                                                
                                                                                
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