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Mon 27 Feb 2006, 10:26 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                   : D Fabian                                   
Date of transaction                : 23 February 2006                           
Price per linked unit              : 2200 cents                                 
Number of linked units             : 40 000                                     
Total value                        : R880 000                                   
Class of securities                : Linked units                               
Nature of transaction              : Purchase in terms of vendor placing        
Extent of interest                 : Direct and beneficial                      
Clearance was given                                                             
27 February 2006                                                                
Johannesburg                                                                    
Sponsor: Bridge Capital Services (Pty) Limited                                  
Date: 27/02/2006 10:26:11 AM Produced by the JSE SENS Department                
                                                                                
                                                                                
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