Capital Property Fund / Centrecity Property Fund - Change In Board Of Directors

Capital Property Fund / Centrecity Property Fund - Change In Board Of Directors 
CAPITAL PROPERTY FUND                                                           
SHARE CODE: CPL       ISIN: ZAE00001731                                         
("Capital")                                                                     
(A unit trust fund in terms of the Collective Investment Schemes Control Act,   
No.45 of 2002)                                                                  
CENTRECITY PROPERTY FUND                                                        
("Cenprop")                                                                    
SHARE CODE: CEN       ISIN: ZAE00001335                                         
(A unit trust fund in terms of the Collective Investment Schemes Control Act,   
No.45 of 2002)                                                                  
Managed by PROPERTY FUND MANAGERS LIMITED                                       
(Registration No. 1980/009531/06)                                               
("PFM")                                                                         
CHANGE IN BOARD OF DIRECTORS                                                    
In compliance with Rules 3.59 - 3.62 of the JSE Securities Exchange South       
Africa"s Listings Requirements, Capital and Cenprop hereby announce that Mr MJ  
Cullabine has resigned from the board of directors of PFM with immediate effect.
Johannesburg                                                                    
21 October 2003                                                                 
Date: 21/10/2003 01:45:10 PM Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department