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:                 Des de Beer, who owns 50% of                  
                                  Optimprops 3 (Pty) Ltd, the                   
entity which entered into                     

                                  the transaction.                              
Date of transaction:              7 September 2005                              
Nature of transaction:            Open market purchase                          
Number of securities:             60 000                                        
Class of securities:              Units                                         
Price per unit:                   R3.95                                         
Total value:                      R237 000.00                                   
Nature and extent of director"s                                                 
interest:                         Indirect beneficial                           
Clearance to deal in compliance with paragraph 3.66 of the JSE Listings         
Requirements has been obtained.                                                 
Rosebank                                                                        
8 September 2005                                                                
Sponsor                                                                         
Java Capital (Proprietary) Limited                                              
Date: 08/09/2005 09:11:46 AM Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department