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Mon 20 May 2002, 0:00 New Africa Capital Limited - Dealing In Securities
New Africa Capital Limited - Dealing in Securities by director                  
New Africa Capital Limited                                                      
("New Africa Capital")                                                          
Alpha code:         NAC                                                         
ISIN number:        ZAE 000033361                                               
In accordance with the requirements of paragraphs 3.72 to 3.75 of the JSE       
Securities Exchange South Africa Listings Requirements, the following share     
transactions by a director of New Africa Capital should be noted:               
Director                 :    Mr M L Smith                                      
Date of transaction      :    2002-05-17                                        
Price                    :    R7-32                                             
Amount                   :    25 000                                            
Class                    :    Ordinary                                          
Nature of transaction    :    Sale                                              
Extent of interest       :    Indirect, beneficial interest                     
Director                 :    Mr M L Smith                                      
Date of transaction      :    2002-05-17                                        
Price                    :    R7-35                                             
Amount                   :    25 000                                            
Class                    :    Ordinary                                          
Nature of transaction    :    Sale                                              
Extent of interest       :    Indirect, beneficial interest                     
Ends
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