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:                           8 August 2005                    
Nature of transaction:                         Sale                             
Number of securities:                          1 900 000                        
Class of securities:                           Units                            
Price per unit:                                R3.90                            
Total value:                                   R7 410 000.00                    
Nature and extent of director"s interest:      Direct beneficial                
Name of director:                              Andries de Lange                 
Date of transaction:                           8 August 2005                    
Nature of transaction:                         Sale                             
Number of securities:                          1 900 000                        
Class of securities:                           Units                            
Price per unit:                                R3.90                            
Total value:                                   R7 410 000.00                    
Nature and extent of director"s interest:      Direct beneficial                
Name of director:                              Craig Hallowes                   
Date of transaction:                           8 August 2005                    
Nature of transaction:                         Sale                             
Number of securities:                          1 900 000                        
Class of securities:                           Units                            
Price per unit:                                R3.90                            
Total value:                                   R7 410 000.00                    
Nature and extent of director"s interest:      Direct beneficial                
Name of alternate director:                    Charles Ryan                     
Date of transaction:                           8 August 2005                    
Nature of transaction:                         Sale                             
Number of securities:                          800 000                          
Class of securities:                           Units                            
Price per unit:                                R3.90                            
Total value:                                   R3 120 000.00                    
Nature and extent of director"s interest:      Direct beneficial                
Clearance to deal in compliance with paragraph 3.66 of the JSE Listings         
Requirements has been obtained.                                                 
Rosebank                                                                        
11 August 2005                                                                  
Sponsor                                                                         
Java Capital (Proprietary) Limited                                              
Date: 11/08/2005 05:42:04 PM Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department