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Wed 22 Mar 2006, 13:06 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:        H SCREUDERS                                            
Date of transaction:     22 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:     Yes                                                    
22 March 2006                                                                   
Johannesburg                                                                    
Sponsor: Bridge Capital Services (Pty) Limited                                  
Date: 22/03/2006 01:06:28 PM Produced by the JSE SENS Department                
                                                                                
                                                                                
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