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Tue 28 Mar 2006, 14:50 IFour Properties Limited - Directors Dealings in S
IFR
 IFR                                                                             
IFour Properties Limited - Directors Dealings in Securities                     
iFOUR PROPERTIES LIMITED                                                        
Incorporated in the Republic of South Africa)                                   
(Registration number 2001/016118/06)                                            
Share code: IFR   &    ISIN: ZAE000039236                                       
"iFour")                                                                        
Directors Dealings in Securities                                                
In compliance with paragraphs 3.63 to 3.66 of the Listings Requirements of the  
JSE Limited ("the JSE"), the following information is disclosed:                
Director:                          R C Johnson                                  
Date of transaction:               24 March 2006                                
Number of combined units:          937 833                                      
Price:                             R12,57                                       
Aggregate consideration:           R11 788 560.8                                
Class of security:                 Linked Units                                 
Type of Holding:                   Direct, Beneficial                           
Nature of transaction:                                                          
The transfer of linked units is done in terms of a liquidation Distribution by  
Intaprop Investments (Pty) Limited (of which Mr RC Johnson is a director) to    
Pendennis Investment Trust of which Mr RC Johnson is a beneficiary. Mr RC       
Johnson"s ownership has changed from indirect to direct.                        
Clearance to deal in these linked units has been obtained in accordance with    
iFour"s policy with regard to directors" dealings as well as the Listings       
Requirements of the JSE.                                                        
Johannesburg                                                                    
28 March 2006                                                                   
Sponsor                                                                         
PricewaterhouseCoopers Corporate Finance (Pty) Ltd                              
(Registration no: 1970/003711/07)                                               
Date: 28/03/2006 02:50:03 PM Produced by the JSE SENS Department                
                                                                                
                                                                                
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