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Fri 12 May 2006, 11:28 iFour Properties Limited - Resignation Of A Direct
IFR
 IFR                                                                             
iFour Properties Limited - Resignation Of A Director                            
iFOUR PROPERTIES LIMITED                                                        
Incorporated in the Republic of South Africa)                                   
(Registration number 2001/016118/06)                                            
Share code: IFR                                                                 
ISIN: ZAE000039236                                                              
"iFour")                                                                        
RESIGNATION OF A DIRECTOR                                                       
iFour linked unitholders are advised, in terms of paragraph 3.59 of the JSE     
Listings Requirements, that J A A (Anthony) Diepenbroek has resigned as an non- 
executive director of the company with immediate effect.                        
The board and management of iFour have regretfully accepted the resignation of  
Anthony Diepenbroek as non-executive director of the Company.                   
Anthony is following his own interests in the property field and to avoid       
potential conflict of interests in the future, both parties considered it       
prudent that he step down as a director of the Company.                         
Anthony was a driving force in the listing of iFour on the JSE in June 2002 and 
the subsequent growth of the Company from its initial asset base of R 731       
million to the current R 2,2 billion.                                           
The board wish him well in his new ventures.                                    
Johannesburg                                                                    
12 May 2006                                                                     
Sponsor                                                                         
PricewaterhouseCoopers Corporate Finance (Pty) Ltd                              
(Registration no: 1970/003711/07)                                               
Date: 12/05/2006 11:28:34 AM Produced by the JSE SENS Department                
                                                                                
                                                                                
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