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Thu 20 Jul 2006, 11:49 Paramount Property Fund Limited - Withdrawal Of Ca
PRA
 PRA                                                                             
Paramount Property Fund Limited - Withdrawal Of Cautionary Announcement         
PARAMOUNT PROPERTY FUND LIMITED                                                 
(Incorporated in the Republic of South Africa)                                  
(Registration number 1945/019928/06)                                            
Share code:  PRA                                                                
ISIN:  ZAE000028577                                                             
("Paramount" or "the Company")                                                  
WITHDRAWAL OF CAUTIONARY ANNOUNCEMENT                                           
Linked unitholders are referred to the cautionary announcement dated 7 June 2006
in which they were advised that the Paramount Board was aware of discussions    
that were taking place, which, if successfully concluded, could have a material 
effect on the price of the Company"s securities.                                
The Paramount Board is now aware that these discussions have been terminated and
therefore, linked unitholders no longer need to exercise caution when dealing in
the Company"s securities.                                                       
Cape Town                                                                       
20 July 2006                                                                    
Investment bank and sponsor                                                     
Nedbank Capital                                                                 
Date: 20/07/2006 11:49:28 AM Produced by the JSE SENS Department                
                                                                                
                                                                                
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