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Wed 15 Jan 2003, 10:27 Gilboa Properties Limited - Dealings in Securities
GILBOA PROPERTIES LIMITED                                                       
(Incorporated in the Republic of South Africa)                                  
(Registration number 1986/004649/06)                                            
ISIN Code: ZAE 000010286                                                        
Share code: GLB                                                                 
DEALINGS IN SECURITIES BY DIRECTOR                                              
In compliance with paragraphs 3.72 to 3.75 of the Listings Requirements of the  
JSE Securities Exchange South Africa, the following information is disclosed:   
Name of director:                            MJ Krastanov (nee Forster)         
Date of transaction:                         14 January 2003                    
Number of shares:                            256 811                            
Price per share:                             5 cents                            
Class of securities:                         Ordinary shares                    
Nature of transaction:                       Purchase                           
Extent of change in director`s interest:     Indirect non-beneficial (0,085%)   
Johannesburg                                                                    
15 January 2003                                                                 
Sponsor                                                                         
Arcay Group Limited                                                             
(Registration number 1991/003944/06)                                            
(A sponsor registered with the JSE Securities Exchange South Africa)            
Date: 15/01/2003 09:09:31 AM Produced by the JSE SENS Department
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