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:                 Barry Stuhler                                 
Date of transaction:              14 February 2006                              
Number of securities:             51 550                                        
Class of securities:              Units                                         
Price per unit:                   R5.00                                         
Total value:                      R257 750.00                                   
Nature and extent of director"s                                                 
interest:                         Direct beneficial                             
Nature of transaction:            Vested units sold to                          
                                  partially settle debt owing                   
in terms of the PFM Share                     

                                  Incentive Scheme                              
Name of director:                 Barry Stuhler                                 
Date of transaction:              15 February 2006                              
Number of securities:             2 830 305                                     
Class of securities:              Units                                         
Price per unit:                   R5.00                                         
Total value:                      R14 151 525.00                                
Nature and extent of director"s                                                 
interest:                         Direct beneficial                             
Nature of transaction:            Vested units sold to                          
                                  partially settle debt owing                   
in terms of the PFM Share                     

                                  Incentive Scheme                              
Name of director:                 Andries de Lange                              
Date of transaction:              15 February 2006                              
Number of securities:             800 000                                       
Class of securities:              Units                                         
Price per unit:                   R5.00                                         
Total value:                      R4 000 000.00                                 
Nature and extent of director"s                                                 
interest:                         Direct beneficial                             
Nature of transaction:            Vested units sold to                          
                                  partially settle debt owing                   
in terms of the PFM Share                     

                                  Incentive Scheme                              
Name of director:                 Craig Hallowes                                
Date of transaction:              15 February 2006                              
Number of securities:             500 000                                       
Class of securities:              Units                                         
Price per unit:                   R5.00                                         
Total value:                      R2 500 000.00                                 
Nature and extent of director"s                                                 
interest:                         Direct beneficial                             
Nature of transaction:            Vested units sold to                          
                                  partially settle debt owing                   
in terms of the PFM Share                     

                                  Incentive Scheme                              
Clearance to deal in compliance with paragraph 3.66 of the JSE Listings         
Requirements has been obtained.                                                 
Rosebank                                                                        
16 February 2006                                                                
Sponsor                                                                         
Java Capital (Proprietary) Limited                                              
Date: 16/02/2006 03:24:52 PM Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department