Capital Property Fund - Cautionary Announcement

Capital Property Fund - 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)                                               
CAUTIONARY ANNOUNCEMENT                                                         
Unitholders are advised that Capital has entered into negotiations with various 
parties, which if successfully concluded may have a material effect on the price
of Capital"s securities. Accordingly, unitholders are advised to exercise       
caution when dealing in Capital"s securities until a further announcement is    
made.                                                                           
Johannesburg                                                                    
7 April 2006                                                                    
Sponsor                                                                         
Java Capital (Proprietary) Limited                                              
Date: 07/04/2006 01:02:10 PM Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department