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FSP
 FSP                                                                             
Freestone Property Holdings Limited - Cautionary Announcement                   
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")                                                  
CAUTIONARY ANNOUNCEMENT                                                         
Linked unitholders are advised that Freestone has entered into discussions,     
which may have an effect on the price of the company"s linked units.            
Accordingly, linked unitholders are advised to exercise caution when dealing in 
Freestone"s linked units until a further announcement is made.                  
Rosebank                                                                        
15 November 2006                                                                
Sponsor                                                                         
Java Capital (Proprietary) Limited                                              
Date: 15/11/2006 09:57:07 AM Produced by the JSE SENS Department                
                                                                                
                                                                                

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