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Wed 18 Oct 2006, 16:28 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 director:        L Hoffman                                              
Date of transaction:     16 October 2006                                        
Price per linked unit:   720 cents                                              
Number of linked units:  19 000                                                 
Total value:             R136 800.00                                            
Class of securities:     Linked units                                           
Nature of transaction:   Exercised options to acquire linked units in terms of  
                         the Spearhead Property Holdings Share Option Scheme    
Extent of interest:      Direct and beneficial                                  
Clearance was given                                                             
Name of director:        L Hoffman                                              
Date of transaction:     16 October 2006                                        
Price per linked unit:   873 cents                                              
Number of linked units:  33 334                                                 
Total value:             R291 005.82                                            
Class of securities:     Linked units                                           
Nature of transaction:   Exercised options to acquire linked units in terms of  
                         the Spearhead Property Holdings Share Option Scheme    
Extent of interest:      Direct and beneficial                                  
Clearance was given                                                             
Name of director:        L Hoffman                                              
Date of transaction:     16 October 2006                                        
Price per linked unit:   1605 cents                                             
Number of linked units:  16 666                                                 
Total value:             R267 489.30                                            
Class of securities:     Linked units                                           
Nature of transaction:   Exercised options to acquire linked units in terms of  
                         the Spearhead Property Holdings Share Option Scheme    
Extent of interest:      Direct and beneficial                                  
Clearance was given                                                             
Name of director:        L Hoffman                                              
Date of transaction:     16 October 2006                                        
Price per linked unit:   3211 cents                                             
Number of linked units:  12 700                                                 
Total value:             R407 797.00                                            
Class of securities:     Linked units                                           
Nature of transaction:   Sale                                                   
Extent of interest:      Direct and beneficial                                  
Clearance was given                                                             
Name of director:        L Hoffman                                              
Date of transaction:     16 October 2006                                        
Price per linked unit:   3215 cents                                             
Number of linked units:  18 500                                                 
Total value:             R594 775.00                                            
Class of securities:     Linked units                                           
Nature of transaction:   Sale                                                   
Extent of interest:      Direct and beneficial                                  
Clearance was given                                                             
Name of director:        L Hoffman                                              
Date of transaction:     16 October 2006                                        
Price per linked unit:   3220 cents                                             
Number of linked units:  600                                                    
Total value:             R19 320.00                                             
Class of securities:     Linked units                                           
Nature of transaction:   Sale                                                   
Extent of interest:      Direct and beneficial                                  
Clearance was given                                                             
Name of director:        L Hoffman                                              
Date of transaction:     16 October 2006                                        
Price per linked unit:   3232 cents                                             
Number of linked units:  37 200                                                 
Total value:             R1 202 304.00                                          
Class of securities:     Linked units                                           
Nature of transaction:   Sale                                                   
Extent of interest:      Direct and beneficial                                  
Clearance was given                                                             
18 October 2006                                                                 
Cape Town                                                                       
Sponsor: Bridge Capital Services (Pty) Limited                                  
Date: 18/10/2006 04:29:01 PM Produced by the JSE SENS Department                
                                                                                
                                                                                
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