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Fri 10 Feb 2006, 13:59 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                   : A Varachhia                                
Date of transaction                : 9 February 2006                            
Price per linked unit              : 2200 cents                                 
Number of linked units             : 50 000                                     
Total value                        : R1 100 000                                 
Class of securities                : Linked units                               
Nature of transaction              : Purchase in terms of vendor placing        
Extent of interest                 : Indirect and beneficial                    
Clearance was given                                                             
10 February 2006                                                                
Cape Town                                                                       
Sponsor: Bridge Capital Services (Pty) Limited                                  
Date: 10/02/2006 01:59:24 PM Produced by the JSE SENS Department                
                                                                                
                                                                                
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