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Tue 28 Nov 2006, 16:36 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                : 24 November 2006                           
Price per linked unit              : 873 cents                                  
Number of linked units             : 16 666                                     
Total value                        : R145 494.18                                
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                : 24 November 2006                           
Price per linked unit              : 1605 cents                                 
Number of linked units             : 16 667                                     
Total value                        : R267 505.35                                
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                : 24 November 2006                           
Price per linked unit              : 1605 cents                                 
Number of linked units             : 16 667                                     
Total value                        : R267 505.35                                
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                : 24 November 2006                           
Price per linked unit              : 3750 cents                                 
Number of linked units             : 11 000                                     
Total value                        : R412 500.00                                
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                : 24 November 2006                           
Price per linked unit              : 3786 cents                                 
Number of linked units             : 31 016                                     
Total value                        : R1 174 265.76                              
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                : 24 November 2006                           
Price per linked unit              : 3790 cents                                 
Number of linked units             : 7 984                                      
Total value                        : R302 593.60                                
Class of securities                : Linked units                               
Nature of transaction              : Sale                                       
Extent of interest                 : Direct and beneficial                      
Clearance was given                                                             
Name of director                   : D Fabian                                   
Date of transaction                : 24 November 2006                           
Price per linked unit              : 873 cents                                  
Number of linked units             : 5 000                                      
Total value                        : R43 650.00                                 
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                   : D Fabian                                   
Date of transaction                : 24 November 2006                           
Price per linked unit              : 3800 cents                                 
Number of linked units             : 5 000                                      
Total value                        : R190 000.00                                
Class of securities                : Linked units                               
Nature of transaction              : Sale                                       
Extent of interest                 : Direct and beneficial                      
Clearance was given                                                             
Cape Town                                                                       
28 November 2006                                                                
Sponsor: Bridge Capital Advisors (Pty) Limited                                  
Date: 28/11/2006 04:36:10 PM Produced by the JSE SENS Department                
                                                                                
                                                                                
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