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Tue 20 Dec 2005, 10:06 Paraprop - Dealing in securities by a director
Paraprop - Dealing in securities by a director                                  
Paramount Property Fund Limited                                                 
(Incorporated in the Republic of South Africa)                                  
(Registration number 1945/019928/06)                                            
Share code: PRA & ISIN: ZAE000028577                                            
("Paraprop")                                                                    
DEALING IN SECURITIES BY A DIRECTOR                                             
In compliance with 3.63 to 3.65 of the JSE Listings Requirements, the following 
information is disclosed:                                                       
Executive Director:                Rodney Squire-Howe                           
Director of:                       Paramount Property Fund Limited              
Transaction date:                  19 December 2005.                            
Class of Securities:               Linked units                                 
Price:                             R5,55 per linked unit, being a 7,5% discount 
                                   to the weighted average traded price for the 
30 days prior to 27 September 2005, plus a   
                                   notional distribution prepayment of 13 cents 
                                   per linked unit                              
Number of Securities:              100 000                                      
Total Value:                       R568 000                                     
Nature of Transaction:             Linked units delivered in terms of a vendor  
                                   placing of 5 464 600 Paraprop linked units   
                                   which took place in October 2005 relating to 
the acquisition of the DCD Dorbyl portfolio, 
                                   details of which were included in an         
                                   announcement dated 20 October 2005           
Nature of Interest:                Direct beneficial                            
Clearance to deal obtained:        Yes                                          
Alternate Director:                Geoffrey Cannings                            
Alternate director of:             Paramount Property Fund Limited              
Transaction date:                  19 December 2005.                            
Class of Securities:               Linked units                                 
Price:                             R5,55 per linked unit, being a 7,5% discount 
                                   to the weighted average traded price for the 
                                   30 days prior to 27 September 2005, plus a   
notional distribution prepayment of 13 cents 
                                   per linked unit.                             
Number of Securities:              150 000                                      
Total Value:                       R852 000                                     
Nature of Transaction:             Linked units delivered in terms of a vendor  
                                   placing of 5 464 600 Paraprop linked units   
                                   which took place in October 2005 relating to 
                                   the acquisition of the DCD Dorbyl portfolio, 
details of which were included in an         
                                   announcement dated 20 October 2005.          
Nature of Interest:                Direct beneficial                            
Clearance to deal obtained:        Yes                                          
Cape Town                                                                       
20 December 2005                                                                
Sponsor                                                                         
Nedbank Capital                                                                 
Date: 20/12/2005 10:06:09 AM Produced by the JSE SENS Department                
                                                                                
                                                                                
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