Capital Property Fund - Director"s Dealings In Units

Capital Property Fund - 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:                                             
1. Director                      :    Des de Beer, who is a                     
                                      trustee and beneficiary                   
of the Suni Trust, the                    

                                      entity which entered                      
                                      into the transaction.                     
   Number of units               :    50 000                                    
Price per unit                :    R2,50                                     
   Value of the transaction      :    R125 000                                  
   Date of transaction           :    26 August 2004                            
   Nature of transaction         :    Open market purchase                      
Nature of interest            :    Indirect Beneficial                       
 Clearance to deal in compliance with paragraph 3.66 of the JSE Listings        
Requirements has been obtained.                                                 
26 August 2004                                                                  
Sponsor                                                                         
Java Capital (Pty) Ltd                                                          
Date: 26/08/2004 04:23:37 PM Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department