/SENS ANNOUNCEMENT 22 FEBRUARY 2008

ACP
ACP - Acucap Properties Limited - Cautionary Announcement

ACUCAP PROPERTIES LIMITED

Incorporated in the Republic of South Africa
Registration number 2001/021725/06
Share code: ACP ISIN: ZAE000037651
("Acucap" or the "company")

CAUTIONARY ANNOUNCEMENT

Linked unitholders are advised that Acucap has entered into negotiations, which if successfully concluded may have a material effect on the price of the company's securities. Accordingly, linked unitholders are advised to exercise caution when dealing in the company's securities until a further announcement is made.

Johannesburg
22 February 2008

Transactional Sponsor
KPMG Services (Proprietary) Limited

Sponsor
Java Capital (Proprietary) Limited

Date: 22/02/2008 16:32:58 Produced by the JSE SENS Department.

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