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Tue 24 Jan 2006, 15:28 Spearhead Property Holdings Limited - Directors De
SPE
 SPE                                                                             
Spearhead Property Holdings Limited - Directors" Dealings                       
Spearhead Property Holdings Limited                                             
Incorporated in the Republic of South Africa                                    
(Registration number: 1996/005827/06)                                           
Share code: SPE & ISIN: ZAE000019162                                            
DIRECTORS" DEALINGS                                                             
In compliance with paragraphs 3.63 - 3.74 of the Listings Requirements of the   
JSE Limited, the following information is disclosed:                            
Name of director:          MN Flax                                              
Date of transaction:       23 January 2006                                      
Price per linked unit:     2200 cents                                           
Number of linked units:    80 000                                               
Total value:               R1 760 000                                           
Class of securities:       Linked units                                         
Nature of transaction:     Purchase in terms of vendor placing                  
Extent of interest:        Indirect and non-beneficial                          
Clearance was given                                                             
Name of director:          MN Flax                                              
Date of transaction:       24 January 2006                                      
Price per linked unit:     2200 cents                                           
Number of linked units:    10 000                                               
Total value:               R220 000                                             
Class of securities:       Linked units                                         
Nature of transaction:     Purchase in terms of vendor placing                  
Extent of interest:        Indirect and non-beneficial                          
Clearance was given                                                             
Name of director:          A Groll                                              
Date of transaction:       20 January 2006                                      
Price per linked unit:     2200 cents                                           
Number of linked units:    25 000                                               
Total value:               R550 000                                             
Class of securities:       Linked units                                         
Nature of transaction:     Purchase in terms of vendor placing                  
Extent of interest:        Indirect and beneficial                              
Clearance was given                                                             
Name of director:          M Kaplan                                             
Date of transaction:       20 January 2006                                      
Price per linked unit:     2200 cents                                           
Number of linked units:    25 000                                               
Total value:               R550 000                                             
Class of securities:       Linked units                                         
Nature of transaction:     Purchase in terms of vendor placing                  
Extent of interest:        Indirect and beneficial                              
Clearance was given                                                             
Name of director:          JE Allie                                             
Date of transaction:       20 January 2006                                      
Price per linked unit:     2200 cents                                           
Number of linked units:    15 000                                               
Total value:               R330 000                                             
Class of securities:       Linked units                                         
Nature of transaction:     Purchase in terms of vendor placing                  
Extent of interest:        Indirect and non-beneficial                          
Clearance was given                                                             
Name of director:          JE Allie                                             
Date of transaction:       20 January 2006                                      
Price per linked unit:     2200 cents                                           
Number of linked units:    5 000                                                
Total value:               R110 000                                             
Class of securities:       Linked units                                         
Nature of transaction:     Purchase in terms of vendor placing                  
Extent of interest:        Indirect and beneficial                              
Clearance was given                                                             
Name of director:          JE Allie                                             
Date of transaction:       24 January 2006                                      
Price per linked unit:     2200 cents                                           
Number of linked units:    10 000                                               
Total value:               R220 000                                             
Class of securities:       Linked units                                         
Nature of transaction:     Purchase in terms of vendor placing                  
Extent of interest:        Indirect and beneficial                              
Clearance was given                                                             
Name of director:          LL Manala                                            
Date of transaction:       20 January 2006                                      
Price per linked unit:     2200 cents                                           
Number of linked units:    386 667                                              
Total value:               R8 506 674                                           
Class of securities:       Linked units                                         
Nature of transaction:     Purchase in terms of vendor placing                  
Extent of interest:        Indirect and beneficial                              
Clearance was given                                                             
Name of director:          LL Manala                                            
Date of transaction:       20 January 2006                                      
Price per linked unit:     2200 cents                                           
Number of linked units:    1 613 333                                            
Total value:               R35 493 326                                          
Class of securities:       Linked units                                         
Nature of transaction:     Purchase in terms of vendor placing                  
Extent of interest:        Indirect and non-beneficial                          
Clearance was given                                                             
24 January 2006                                                                 
Johannesburg                                                                    
Sponsor: Bridge Capital Services (Pty) Limited                                  
Date: 24/01/2006 03:28:13 PM Produced by the JSE SENS Department                
                                                                                
                                                                                
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