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Fri 10 Mar 2006, 15:24 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 Groll                                                
Date of transaction:     9 March 2006                                           
Price per linked unit:   873 cents                                              
Number of linked units:  10 000                                                 
Total value:             R87 300                                                
Class of securities:     Linked units                                           
Nature of transaction:   Purchase - exercise of options                         
Extent of interest:      Indirect and beneficial                                
Clearance was given                                                             
Name of director:        M Kaplan                                               
Date of transaction:     10 March 2006                                          
Price per linked unit:   873 cents                                              
Number of linked units:  10 000                                                 
Total value:             R87 300                                                
Class of securities:     Linked units                                           
Nature of transaction:   Purchase - exercise of options                         
Extent of interest:      Indirect and beneficial                                
Clearance was given                                                             
Name of director:        F van Hoogstraten                                      
Date of transaction:     10 March 2006                                          
Price per linked unit:   873 cents                                              
Number of linked units:  5 000                                                  
Total value:             R43 650                                                
Class of securities:     Linked units                                           
Nature of transaction:   Purchase - exercise of options                         
Extent of interest:      Indirect and beneficial                                
Clearance was given                                                             
Name of director:        F van Hoogstraten                                      
Date of transaction:     10 March 2006                                          
Price per linked unit:   600 cents                                              
Number of linked units:  16 667                                                 
Total value:             R100 002                                               
Class of securities:     Linked units                                           
Nature of transaction:   Purchase - exercise of options                         
Extent of interest:      Indirect and beneficial                                
Clearance was given                                                             
10 March 2006                                                                   
Cape Town                                                                       
Sponsor: Bridge Capital Services (Pty) Limited                                  
Date: 10/03/2006 03:24:42 PM Produced by the JSE SENS Department                
                                                                                
                                                                                
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