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Fri 24 Feb 2006, 11:48 Paraprop - Results of annual general meeting and A
PRA
 PRA                                                                             
Paraprop - Results of annual general meeting and A linked debenture holders"    
           meeting                                                              
Paramount Property Fund Limited                                                 
(Incorporated in the Republic of South Africa)                                  
(Registration number 1945/019928/06)                                            
Share code:  PRA                                                                
ISIN:        ZAE000028577                                                       
("Paraprop")                                                                    
RESULTS OF ANNUAL GENERAL MEETING AND A LINKED DEBENTURE HOLDERS" MEETING       
Shareholders are advised that all the resolutions, which were proposed at the   
annual general meeting held today at the Conference Centre, Master Builders     
Association, Belmont Road, Rondebosch were passed by the requisite majority of  
shareholders.                                                                   
Further to this, the resolution proposed at the A linked debenture holders"     
meeting, held immediately after the annual general meeting, was passed by the   
requisite majority of A linked debenture holders.                               
Cape Town                                                                       
24 February 2006                                                                
Investment Bank and Sponsor                                                     
Nedbank Capital                                                                 
Date: 24/02/2006 11:48:02 AM Produced by the JSE SENS Department                
                                                                                
                                                                                
                                                                                
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