CPL - Capital Property Fund - Dealing in securities by a Director

CPL - Capital Property Fund - Dealing in securities by a Director               
Capital Property Fund                                                           
Share Code:  CPL                                                                
ISIN: ZAE000001731                                                              
("Capital" or the "Fund")                                                       
(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)                                               
DEALING IN SECURITIES BY A DIRECTOR                                             
In terms of paragraph 3.63 - 3.65 of the Listings Requirements of the JSE       
Limited ("JSE"), the following information, relating to the dealing in          
securities by a director, is disclosed:                                         
Executive director           Barry Lester Stuhler, who owns 100% of             
                            Chataprop Holdings 50 (Pty) Ltd, the entity         
                            which entered into the transaction.                 
Company of which a director  Capital                                            
Transaction date             3 May 2007                                         
Class of securities          Units                                              
Price                        R6.00                                              
Number of securities         1,200,000                                          
Total value                  R7,200,000.00                                      
Nature of transaction        Purchase on open market                            
Extent of interest           Indirect beneficial                                
                                                                                
Executive director           Barry Lester Stuhler, who owns 100% of             
                            Chataprop Holdings 50 (Pty) Ltd, the entity         
                            which entered into the transaction.                 
Company of which a director  Capital                                            
Transaction date             4 May 2007                                         
Class of securities          Units                                              
Price                        R6.00                                              
Number of securities         800,000                                            
Total value                  R4,800,000.00                                      
Nature of transaction        Purchase on open market                            
Extent of interest           Indirect beneficial                                
                                                                                
Clearance to deal was received in terms of paragraph 3.66 of the JSE            
Listings Requirements.                                                          
Johannesburg                                                                    
4 May 2007                                                                      
Sponsor                                                                         
Java Capital (Proprietary) Limited                                              
Date: 04/05/2007 14:38:03 Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department.