CPL - Capital Property Fund - Dealing in securities by a director

CPL - Capital Property Fund - Dealing in securities by a director               
Capital Property Fund                                                           
Share Code:  CPL                                                                
ISIN: ZAE000001731                                                              
("Capital" or the "Fund")                                                       
(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)                                               
DEALING IN SECURITIES BY A DIRECTOR                                             
In terms of paragraph 3.63 - 3.65 of the Listings Requirements of the JSE       
Limited ("JSE"), the following information, relating to the dealing in          
securities by a director, is disclosed:                                         
                                                                                
Executive director:          Desmond de Beer, who owns 50% of Optimprop         
                            3 (Pty) Ltd, the entity which entered into          
                            the transaction.                                    
Company of which a director: PFM                                                
Transaction date:            18 May 2007                                        
Class of securities:         Units                                              
Price per security:          R6.15                                              
Number of securities:        24 741 (representing the indirect                  
beneficial interest)                                

Total value:                 R152 157.15                                        
Nature of transaction:       Purchase on open market                            
Extent of interest:          Indirect beneficial                                


Clearance to deal was received in terms of paragraph 3.66 of the JSE Listings   
Requirements.                                                                   
Johannesburg                                                                    
21 May 2007                                                                     
Sponsor                                                                         
Java Capital (Proprietary) Limited                                              
Date: 21/05/2007 14:22:01 Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department.