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Wed 28 May 2003, 11:36 Independent Financial Services Ltd - Dealings In S
Independent Financial Services Limited                                          
Registration No. 1950/037061/06                                                 
Share Code  :  IND                                                              
ISIN        :  ZAE000025300                                                     
("Indfin")                                                                      
Dealings In Securities By Directors                                             
In accordance with the requirements of paragraph 3.72 to 3.75 of the JSE        
Securities Exchange Listings Requirements, the following should be noted:       
Director:      Date of        Price:    Amount:   Class of       Nature of      
               Transaction:                       Transaction:   Transaction:   
Mr J Simpson   28-05-2003     115       1 000     Ordinary       Sale           
Mr J Simpson   28-05-2003     120       49 000    Ordinary       Sale           
Par Value of Shares:     Ordinary shares of 1 cent each                         
Extent of Interest:      Direct Beneficial Interest
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