Emira - Change to the Board of Directors

Emira - Change to the Board of Directors                                        
Emira Property Fund                                                             
(A property fund created under the Emira Property Scheme,                       
registered in terms of the Collective Investment Schemes Control Act)           
JSE code: EMI ISIN: ZAE000050712                                                
("Emira")                                                                       
CHANGE TO THE BOARD OF DIRECTORS                                                
In compliance with the JSE Limited Listings Requirements, the following         
information is disclosed:                                                       
Mr. Nkululeko Sowazi has been appointed as a director to the board of Strategic 
Real Estate Managers (Proprietary) Limited, the authorised management company of
Emira, with effect from 24 August 2006.                                         
Sandton                                                                         
13 September 2006                                                               
Merchant bank and sponsor                                                       
RAND MERCHANT BANK (A division of FirstRand Bank Limited)                       
Date: 13/09/2006 01:43:17 PM Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department