Capital Property Fund - Resignation Of Director

Capital Property Fund - 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 Modise Gabotlhaelwe  
has resigned as executive director of Capital, with effect from 15 June 2005.   
17 June 2005                                                                    
Sponsor                                                                         
Java Capital (Pty) Ltd                                                          
Date: 17/06/2005 09:00:55 AM Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department