Capital Property Fund - Director"s Dealings In Units

Capital Property Fund - Director"s Dealings In Units                            
Capital Property Fund                                                           
("Capital" or the "Fund")                                                       
Share Code:  CPL                                                                
ISIN: ZAE000001731                                                              
(A Portfolio in Capital Property Trust Scheme, a Collective Investment Scheme in
Property established in terms of the Collective Investment Schemes Control Act, 
No 45 of 2002 managed by Property Fund Managers Limited ("PFM"))                
(Incorporated in the Republic of South Africa)                                  
(Registration No. 1980/009531/06)                                               
DIRECTOR"S DEALINGS IN UNITS                                                    
In compliance with Rules 3.63 - 3.74 of the JSE Listing Requirements, the       
following information is disclosed:                                             
Name of director:                          Barry Stuhler                        
Date of transaction:                       5 August 2005                        
Nature of transaction:                     Purchase                             
Number of securities:                      1 900 000                            
Class of securities:                       Units                                
Price per unit:                            R3.50                                
Total value:                               R6 650 000.00                        
Nature and extent of director"s interest:  Direct beneficial                    
Name of director:                          Andries de Lange                     
Date of transaction:                       5 August 2005                        
Nature of transaction:                     Purchase                             
Number of securities:                      1 900 000                            
Class of securities:                       Units                                
Price per unit:                            R3.50                                
Total value:                               R6 650 000.00                        
Nature and extent of director"s interest:  Direct beneficial                    
Name of director:                          Craig Hallowes                       
Date of transaction:                       5 August 2005                        
Nature of transaction:                     Purchase                             
Number of securities:                      1 900 000                            
Class of securities:                       Units                                
Price per unit:                            R3.50                                
Total value:                               R6 650 000.00                        
Nature and extent of director"s interest:  Direct beneficial                    
Name of alternate director:                Charles Ryan                         
Date of transaction:                       5 August 2005                        
Nature of transaction:                     Purchase                             
Number of securities:                      800 000                              
Class of securities:                       Units                                
Price per unit:                            R3.50                                
Total value:                               R2 800 000.00                        
Nature and extent of director"s interest:  Direct beneficial                    
Name of director:                          Thando Sishuba                       
Date of transaction:                       5 August 2005                        
Nature of transaction:                     Sale                                 
Number of securities:                      676 126                              
Class of securities:                       Units                                
Price per unit:                            R3.75                                
Total value:                               R2 535 472.50                        
Nature and extent of director"s interest:  Direct beneficial                    
Clearance to deal in compliance with paragraph 3.66 of the JSE Listings         
Requirements has been obtained.                                                 
Rosebank                                                                        
5 August 2005                                                                   
Sponsor                                                                         
Java Capital (Proprietary) Limited                                              
Date: 05/08/2005 01:11:10 PM Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department