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Wed 15 Nov 2006, 16:34 Fairvest - Trading Statement
FVT
 FVT                                                                             
Fairvest - Trading Statement                                                    
FAIRVEST PROPERTY HOLDINGS LIMITED                                              
(Incorporated in the Republic of South Africa)                                  
(Registration No. 1998/005011/06)                                               
("Fairvest" or "the company")                                                   
Share code: FVT & ISIN: ZAE000034658                                            
TRADING STATEMENT                                                               
Fairvest linked unitholders are advised that it is expected that the unaudited  
results of Fairvest for the 12-month interim period ended 30 September 2006 will
reflect the following deviations from the results for the previous comparative  
period:                                                                         
-    a decrease of between 105% and 125% in respect of headline earnings per    
linked unit as required in terms of IFRS;                                       
-    a decrease of approximately 45% to 65% in respect of headline earnings per 
linked unit as revised for the fair value adjustment against debentures; and    
-    an increase in net asset value and net tangible asset value of             
approximately 6% to 21%.                                                        
The financial information on which this trading statement is based, has not been
audited or reviewed by Fairvest"s auditors and is expected to be announced by 20
November 2006.                                                                  
15 November 2006                                                                
Sponsor                                                                         
Merchant Sponsors (Pty) Limited                                                 
Date: 15/11/2006 04:34:18 PM Produced by the JSE SENS Department                
                                                                                
                                                                                
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