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Mon 30 Dec 2002, 10:59 AVASA Holdings - Directors Dealing In Securities
AVASA HOLDINGS LIMITED                                                          
Incorporated in the Republic of South Africa                                    
(Registration number 1998/013637/06)                                            
Share Code: AVA   ISIN: ZAE000040622                                            
("AVASA Holdings")                                                              
Directors Dealing In Securities                                                 
In compliance with rule of 3.72 to 3.75 of the JSE Listing Requirements, the    
following should be noted:                                                      
Name of director:        K L Gribnitz                                           
Date of transaction:     23 December 2002                                       
Nature of transaction:   Sale of shares                                         
Price:                   19 cents                                               
Number of shares:        20 500 000                                             
Class of security:       Ordinary Shares                                        
Nature of interest:      Indirect                                               
Date: 30/12/2002 10:23:00 AM Produced by the JSE SENS Department                



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