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Thu 22 Dec 2005, 17:15 Paramount Property Fund Limited - Dealing In Secur
PRA
 PRA                                                                             
Paramount Property Fund Limited - 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:                     Arnold Maresky                          
Director of:                            Paramount Property Fund Limited         
Transaction date:                       22 December 2005.                       
Class of Securities:                    Linked units                            
Price:                                  R5,56 per linked unit, being a 7,5%     
                                        discount to the weighted average traded 
price for the 30 days prior to 5 October
                                        2005, plus a notional distribution      
                                        prepayment of 13 cents per linked unit. 
Number of Securities:                   200 000                                 
Total Value:                            R1 138 000                              
Nature of Transaction:                  Linked units delivered in terms of a    
                                        vendor placing of 9 892 100 Paraprop    
                                        linked units which took place in October
2005 relating to the acquisition of the 
                                        Midas property, details of which were   
                                        included in an announcement dated 20    
                                        October 2005.                           
Clearance to deal obtained:             Yes                                     
Cape Town                                                                       
22 December 2005                                                                
Sponsor                                                                         
Nedbank Capital                                                                 
Date: 22/12/2005 05:15:06 PM Produced by the JSE SENS Department                
                                                                                
                                                                                
                                                                                
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