Capital Property Fund - Further Cautionary Announcement

Capital Property Fund - Further Cautionary Announcement                         
Capital Property Fund                                                           
("Capital")                                                                     
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)                                               
FURTHER CAUTIONARY ANNOUNCEMENT                                                 
Further to the cautionary announcement dated 2 June 2006, unitholders are       
advised that negotiations are still in progress which, if successfully concluded
may have a material effect on the price of Capital"s securities.                
Accordingly, unitholders are advised to continue exercising caution when dealing
in Capital"s securities until a further announcement is made.                   
Johannesburg                                                                    
21 July 2006                                                                    
Sponsor                                                                         
Java Capital (Proprietary) Limited                                              
Date: 21/07/2006 04:01:12 PM Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department