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Fri 8 Dec 2006, 12:44 Pangbourne - Dealing in securities by a director
PAP
 PAP                                                                             
Pangbourne - Dealing in securities by a director                                
PANGBOURNE PROPERTIES LIMITED                                                   
Incorporated in the Republic of South Africa                                    
(Registration number 1987/002352/06)                                            
Share code: PAP                                                                 
ISIN: ZAE000005252                                                              
("Pangbourne")                                                                  
Dealing in securities by a director                                             
In compliance with paragraph 3.63 to 3.74 of the Listing Requirements of the JSE
Limited, the following information is disclosed:                                
Name of director              :    C K Hickling                                 
Date of transaction           :    27 November 2006                             
Number of combined units      :    1 300                                        
Class of security             :    Combined unit                                
Price per combined unit       :    R13,85                                       
Nature of the transaction     :    Purchase of units                            
Aggregate consideration       :    R 18 005.00                                  
Director"s interest           :    Direct, beneficial                           
Clearance to deal in these combined units has been obtained in accordance with  
Pangbourne"s policy with regard to the director"s dealings as well as the       
Listings Requirements of the JSE Limited.                                       
Johannesburg                                                                    
08 December 2006                                                                
Sponsor                                                                         
Standard Bank                                                                   
Date: 08/12/2006 12:44:07 PM Produced by the JSE SENS Department                
                                                                                
                                                                                
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