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Fri 7 Feb 2003, 15:38 Spanjaard Limited - Dealing in Securities by direc
Spanjaard Limited                                                               
(Registration number 1960/004393/06)                                            
Share code: SPA                                                                 
ISIN:  ZAE00006938                                                              
In compliance with rule 3.72 of the JSE Listing Requirements, the following     
information is disclosed:                                                       
Director:                R J W Spanjaard, Chairman                              
Date of transaction:     5 February 2003                                        
Number of shares:        4 200 ordinary shares                                  
Price:                   R1,50 per ordinary share                               
Nature of transaction:   Purchase of shares on open market                      
Extent of interest:      Direct-beneficial                                      
Director:                R J W Spanjaard, Chairman                              
Date of transaction:     6 February 2003                                        
Number of shares:        20 350 ordinary shares                                 
Price:                   R1,50 per ordinary share                               
Nature of transaction :  Purchase of shares on open market                      
Extent of interest:      Direct-beneficial                                      
Director:                R J W Spanjaard, Chairman                              
Date of transaction:     6 February 2003                                        
Number of shares:        3 000 ordinary shares                                  
Price :                  R1,80 per ordinary share                               
Nature of transaction :  Purchase of shares on open market                      
Extent of interest:      Direct-beneficial                                      
Johannesburg                                                                    
7 February 2003                                                                 
Sponsor                                                                         
Nedbank Corporate                                                               
Date: 07/02/2003 03:12:31 PM Produced by the JSE SENS Department                

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