Capital Property Fund - Directors" Dealings In Units

Capital Property Fund - Directors" 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)                                               
DIRECTORS" DEALINGS IN UNITS                                                    
In compliance with Rules 3.63 - 3.74 of the JSE Listings Requirements, the      
following information is disclosed:                                             
Name of director:                      Craig Hallowes                           
Date of transaction:                   14 September 2005                        
Number of securities:                  421 997                                  
Class of securities:                   Units                                    
Price per unit:                        R4.00                                    
Total value:                           R1 687 988.00                            
Nature and extent of director"s                                                 
interest:                              Direct beneficial                        
Nature of transaction:                 Vested units sold to partially settle    
                                       debt owing to the Property Fund          
Managers Ltd Share Incentive Trust       

Clearance to deal in compliance with paragraph 3.66 of the JSE Listings         
Requirements has been obtained.                                                 
Rosebank                                                                        
16 September 2005                                                               
Sponsor                                                                         
Java Capital (Proprietary) Limited                                              
Date: 16/09/2005 11:03:07 AM Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department