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SPA
 SPA                                                                             
SPA - Spanjaard Limited - Dealing In Securities By A Director                   
Spanjaard Limited                                                               
(Incorporated in the Republic of South Africa)                                  
Registration number 1960/004393/06                                              
Share Code: SPA & ISIN: ZAE000006938                                            
Dealing in securities by a director                                             
In compliance with paragraph 3.63 to 3.74 of the JSE Securities Exchange        
South Africa Listing Requirements, the following information is disclosed:      
Director:                     A.R.J. Spanjaard                                  
Date of transaction:          23 May 2007                                       
Price per share:              R 4,45                                            
Number of shares:             1 000                                             
Total value:                  R 4 450                                           
Class of securities:          Ordinary shares                                   
Nature of transaction:        Purchase                                          
Extent of interest:           Direct, beneficial                                
Confirmation of clearance:    Clearance to deal was granted                     
Johannesburg                                                                    
25 May 2007                                                                     
Sponsor                                                                         
Arcay Moela Sponsors (Pty) Ltd                                                  
Date: 25/05/2007 11:10:05 Produced by the JSE SENS Department.

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