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ALEXANDER FORBES LIMITED
Please be advised of the following share transaction by a director
of Alexander Forbes Limited:
Director            :  P L Heinamann
Date                :  12 December 2001
No. of shares       :  14336
Class               :  Ordinary shares
Price               :  R14.80 per share
No. of shares       :  10700
Class               :  Ordinary shares
Price               :  R14.90 per share
Nature              :  Sale
Extent of interest  :  Direct, beneficial
Ends
Rohan Venter
Group Company Secretary
Alexander Forbes Limited
Reg No 1958/001974/06
Tel: +27 11 269 1033
Fax: +27 11 688 2804

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