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Thu 17 Apr 2003, 17:28 Gilboa Properties Limited - Dealings In Securities
Gilboa Properties Limited - Dealings In Securities By Director                  
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                        : Mr Abe Sher                           
Date of transaction                     : 16 April 2003                         
Number of shares                        : 1 666 667                             
Price per share                              : 6 cents Total amount R100 000    
Class of securities                     : Ordinary shares                       
Nature of transaction                   : Purchase                              
Extent of change in director"s interest : Direct-beneficial (0,55% increase)    
Johannesburg                                                                    
16 April 2003                                                                   
Sponsor                                                                         
Arcay Group Limited                                                             
(Registration number 1991/003944/06)                                            
(A sponsor registered with the JSE Securities Exchange South Africa)            

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