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Tue 23 May 2006, 16:29 Freestone - Disclosure In Terms Of Section 3.63 To
FSP
 FSP                                                                             
Freestone - Disclosure In Terms Of Section 3.63 To 3.65 Of The JSE Limited"s    
            Listings Requirements                                               
Freestone Property Holdings Limited                                             
(Incorporated in the Republic of South Africa)                                  
(Registration number 2001/011887/06)                                            
Share code: FSP & ISIN: ZAE000060299                                            
("Freestone" or "the company")                                                  
DISCLOSURE IN TERMS OF SECTION 3.63 TO 3.65 OF THE JSE LIMITED"S ("JSE")        
LISTINGS REQUIREMENTS                                                           
On 1 March 2004, directors M Aitken and P Thurling acquired interests in a      
private mutual fund (the "fund") which owned Freestone linked units. The fund   
has disposed of all of the linked units in Freestone previously held by it. The 
directors have no influence over the fund or its underlying investments.        
On 19 May 2005 M Aitken purchased a beneficial indirect interest in 158,786     
Freestone linked units on the market, at R8.00 per unit for a total price of    
R1,270,288.00.                                                                  
On 22 May 2006, P Thurling purchased a beneficial indirect interest in 58,873   
Freestone linked units on the market, at R8.00 per unit for a total price of    
R470,984.00.                                                                    
These Freestone linked unit purchases were made in order to restore the indirect
beneficial interests of the two directors, which were previously held by the    
fund. Accordingly, although the entity via which their interests are held has   
changed, there has been no change in the holdings of each of M Aitken and P     
Thurling.                                                                       
Clearance to deal was received in terms of paragraph 3.66 of the JSE Listings   
Requirements                                                                    
Rosebank                                                                        
23 May 2005                                                                     
Sponsor                                                                         
Java Capital (Proprietary) Limited                                              
Date: 23/05/2006 04:29:41 PM Produced by the JSE SENS Department                
                                                                                
                                                                                
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