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PRA
 PRA                                                                             
Paraprop - Dealing In Securities By A Director                                  
Paramount Property Fund Limited                                                 
(Incorporated in the Republic of South Africa)                                  
(Registration number 1945/019928/06)                                            
Share code: PRA        ISIN: ZAE000028577                                       
("Paraprop")                                                                    
DEALING IN SECURITIES BY A DIRECTOR                                             
In compliance with 3.63 to 3.65 of the JSE Listings Requirements, the following 
information is disclosed:                                                       
Executive Director:                Rodney Squire-Howe                           
Director of:                       Paramount Property Fund Limited              
Transaction date:                  21 July 2006                                 
Class of Securities:               Linked units                                 
Price:                             R6.00                                        
Number of Securities:              32 000                                       
Total Value:                       R192 000                                     
Nature of Transaction:             Purchase on the open market                  
Clearance to deal obtained:        Yes                                          
Cape Town                                                                       
24 July 2006                                                                    
Sponsor                                                                         
Nedbank Capital                                                                 
Date: 24/07/2006 03:26:58 PM Produced by the JSE SENS Department                
                                                                                
                                                                                

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