Progress Properties - Brian Shepherd

Four properties for sale - target - return of R250 000 plus growth minus income:

Date: February 2010 or as soon as possible before then.

Calculation - R256 000 (8 November) - interest to 28 february must be added and rental received deducted:

Properties:

1. Delft (expected sale price - R60 000)
2. Makhaza (expected sale price - R90 000)
3. Ciko - Flora Site B (expected sale price - R70 000)
4. Ncedisa - BM section (expected sale price - R50 000)

proceeds: R270 000 - these are for quick sales -

progress:

1. awaiting offer and finance - 12 December 2009.