CAPITAL - RESIGNATION OF DIRECTOR

CAPITAL - RESIGNATION OF DIRECTOR                                               
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)                                               
RESIGNATION OF DIRECTOR                                                         
In compliance with section 3.59 to 3.62 of the JSE Securities Exchange South    
Africa Listings Requirements, unitholders are advised that Les Weil has resigned
as non-executive director of Capital, with immediate effect.                    
2 February 2005                                                                 
Sponsor                                                                         
Java Capital (Pty) Ltd                                                          
Date: 02/02/2005 05:17:11 PM Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department