Capital Property Fund - Trading Statement

Capital Property Fund - Trading Statement                                       
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)                                               
TRADING STATEMENT                                                               
In terms of the Listings Requirements of the JSE Limited ("JSE Listings         
Requirements"), issuers are required to publish a trading statement as soon as  
they become aware that the financial results for the period to be reported upon 
next will differ by at least 20% from the financial results for the previous    
corresponding period.                                                           
Capital accordingly advises that management"s review of the financial results   
expected for the financial year ended 31 December 2005 has indicated that:      
-    earnings per unit is expected to be between 90% and 100% higher than the   
previous year, mainly due to the revaluation of its property portfolio.         
-    the total distribution per unit for the year is expected to be between 30% 
and 40% higher than management"s forecast in the interim results announcement   
published on 4 August 2005 and between 13% and 14% higher than the previous     
year"s distribution.                                                            
The financial results on which this trading statement has been based have not   
been reviewed or reported on by the auditors. The financial results will be     
published on or about 2 February 2006.                                          
Rosebank                                                                        
25 January 2006                                                                 
Sponsor                                                                         
Java Capital (Proprietary) Limited                                              
Date: 25/01/2006 04:13:26 PM Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department