Capital - Director"s dealings in units

Capital - 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:                 Des de Beer, who is a trustee and beneficiary 
                                  of the Suni Trust, the entity which entered   
into the transaction.                         

Date of transaction:              29 March 2005                                 
Nature of transaction:            Purchase                                      
Number of securities:             150 000                                       
Class of securities:              Units                                         
Price per unit:                   R3.10                                         
Total value:                      R465 000.00                                   
Nature and extent of director"s                                                 
interest:                         Indirect beneficial                           
Clearance to deal in compliance with paragraph 3.66 of the JSE Listings         
Requirements has been obtained.                                                 
Rosebank                                                                        
30 March 2005                                                                   
Sponsor                                                                         
Java Capital (Pty) Ltd                                                          
Date: 30/03/2005 02:58:03 PM Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department