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CBS
 CBS                                                                             
CBS Property Portfolio Limited - Cautionary Announcement                        
CBS PROPERTY PORTFOLIO LIMITED                                                  
(Incorporated in the Republic of South Africa)                                  
(Registration number 2003/009523/06)                                            
(JSE code: CBS & ISIN: ZAE000073995)                                            
("CBS" or "the company")                                                        
CAUTIONARY ANNOUNCEMENT                                                         
CBS linked unitholders are advised that the company has entered into discussions
which, if successfully concluded, may have an effect on the price at which the  
company"s linked units trade on the JSE Limited. Accordingly, CBS linked        
unitholders are advised to exercise caution when dealing in their CBS linked    
units until a further announcement is made.                                     
Cape Town                                                                       
24 March 2006                                                                   
Sponsor                                                                         
Investec Bank Limited                                                           
(Registration number 1969/004763/06)                                            
Date: 24/03/2006 10:00:03 AM Produced by the JSE SENS Department                
                                                                                
                                                                                

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