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Fri 13 Oct 2006, 15:53 Spearhead Property Holdings Limited - Directors De
SPE
 SPE                                                                             
Spearhead Property Holdings Limited - Directors" Dealings                       
Spearhead Property Holdings Limited                                             
Incorporated in the Republic of South Africa                                    
(Registration number 1996/005827/06)                                            
Share code: SPE & ISIN: ZAE000019162                                            
DIRECTORS" DEALINGS                                                             
In compliance with paragraphs 3.63 - 3.74 of the Listings Requirements of the   
JSE Limited, the following information is disclosed.                            
Name of      JE Allie                                                           
director                                                                        
Date of      11 October 06    11 October 06    11 October 06    11 October 06   
transaction                                                                     
Number of    77 546           75 000           33 334           16 667          
linked                                                                          
units                                                                           
Class of     Linked Units     Linked units     Linked units     Linked units    
security                                                                        
Price per    600              720              873              1605            
linked unit                                                                     
(cents)                                                                         
Total value  465 276.00       540 000.00       291 005.82       321 000.00      
of                                                                              
transaction                                                                     
(R)                                                                             
Nature of    Purchase /       Purchase /       Purchase /       Purchase /      
the          Exercise of      Exercise of      Exercise of      Exercise of     
transaction  linked units     linked units     linked units     linked units    
Extent of    Direct /         Direct /         Direct /         Direct /        
director"s   Beneficial       Beneficial       Beneficial       Beneficial      
interest                                                                        
Name of         MN Flax                                                         
director                                                                        
Date of         11 October 06    11 October 06                                  
transaction                                                                     
Number of       20 000           26 666                                         
linked units                                                                    
Class of        Linked units     Linked units                                   
security                                                                        
Price per       873              1605                                           
linked unit                                                                     
(cents)                                                                         
Total value of  174 600 00       427 989 30                                     
transaction                                                                     
(R)                                                                             
Nature of the   Purchase of /    Purchase of /                                  
transaction     Exercise of      Exercise of                                    
                linked units     linked units                                   
Extent of       Direct /         Direct /                                       
director"s      Beneficial       Beneficial                                     
interest                                                                        
Name of         DM Wilder                                                       
director                                                                        
Date of         11 October 06    11 October 06                                  
transaction                                                                     
Number of       16 667           16 666                                         
linked units                                                                    
Class of        Linked units     Linked units                                   
security                                                                        
Price per       873              1605                                           
linked unit                                                                     
(cents)                                                                         
Total value of  145 502.91       267 489.30                                     
transaction                                                                     
(R)                                                                             
Nature of the   Purchase of /    Purchase of /                                  
transaction     Exercise of      Exercise of                                    
                linked units     linked units                                   
Extent of       Direct /         Direct /                                       
director"s      Beneficial       Beneficial                                     
interest                                                                        
Name of         D Fabian                                                        
director                                                                        
Date of         11 October 06    11 October 06                                  
transaction                                                                     
Number of       20 000           10 000                                         
linked units                                                                    
Class of        Linked units     Linked units                                   
security                                                                        
Price per       780              873                                            
linked unit                                                                     
(cents)                                                                         
Total value of  156 000.00       87 300.00                                      
transaction                                                                     
(R)                                                                             
Nature of the   Purchase of /    Purchase of /                                  
transaction     Exercise of      Exercise of                                    
                linked units     linked units                                   
Extent of       Direct /         Direct /                                       
director"s      Beneficial       Beneficial                                     
interest                                                                        
Name of      JE Allie                                                           
director                                                                        
Date of      11 October 06   11 October 06   11 October 06    11 October 06     
transaction                                                                     
Number of    77 546          75 000          33 334           16 667            
linked                                                                          
units                                                                           
Class of     Linked Units    Linked units    Linked units     Linked units      
security                                                                        
Price per    3200            3200            3200             3200              
linked unit                                                                     
(cents)                                                                         
Total value  2 481 472 00    2 400 000 00    1 066 688 00     533 344 00        
of                                                                              
transaction                                                                     
(R)                                                                             
Nature of    Disposal        Disposal        Disposal         Disposal          
the                                                                             
transaction                                                                     
Extent of    Direct /        Direct /        Direct /         Direct /          
director"s   Beneficial      Beneficial      Beneficial       Beneficial        
interest                                                                        
Name of         MN Flax                                                         
director                                                                        
Date of         11 October 06    11 October 06                                  
transaction                                                                     
Number of       20 000           26 666                                         
linked units                                                                    
Class of        Linked units     Linked units                                   
security                                                                        
Price per       3200             3200                                           
linked unit                                                                     
(cents)                                                                         
Total value of  640 000.00       853 312.00                                     
transaction                                                                     
(R)                                                                             
Nature of the   Disposal         Disposal                                       
transaction                                                                     
Extent of       Direct /         Direct /                                       
director"s      Beneficial       Beneficial                                     
interest                                                                        
Name of         DM Wilder                                                       
director                                                                        
Date of         11 October 06    11 October 06                                  
transaction                                                                     
Number of       16 667           16 666                                         
linked units                                                                    
Class of        Linked units     Linked units                                   
security                                                                        
Price per       3200             3200                                           
linked unit                                                                     
(cents)                                                                         
Total value of  533 344.00       533 312.00                                     
transaction                                                                     
(R)                                                                             
Nature of the   Disposal         Disposal                                       
transaction                                                                     
Extent of       Direct /         Direct /                                       
director"s      Beneficial       Beneficial                                     
interest                                                                        
Name of         D Fabian                                                        
director                                                                        
Date of         11 October 06    11 October 06                                  
transaction                                                                     
Number of       20 000           10 000                                         
linked units                                                                    
Class of        Linked units     Linked units                                   
security                                                                        
Price per       3200             3200                                           
linked unit                                                                     
(cents)                                                                         
Total value of  640 000.00       320 000.00                                     
transaction                                                                     
(R)                                                                             
Nature of the   Disposal         Disposal                                       
transaction                                                                     
Extent of       Direct /         Direct /                                       
director"s      Beneficial       Beneficial                                     
interest                                                                        
Clearance was given.                                                            
Cape Town                                                                       
13 October 2006                                                                 
Sponsor: Bridge Capital Services (Pty) Limited                                  
Date: 13/10/2006 03:53:07 PM Produced by the JSE SENS Department                
                                                                                
                                                                                
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