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Thu 29 May 2003, 16:21 SOVEREIGN FOOD INVESTMENTS LTD - DEALING IN SECURI
(Incorporated in the Republic of South Africa)                                  
Registration number 1995/003990/06                                              
Share code:  SOV                                                                
ISIN Code:  ZAE 000009221                                                       
DEALING IN SECURITIES BY DIRECTORS                                              
In compliance with 3.72 - 3.75 of the Listing Requirements of the JSE Securities
Exchange South Africa, the following information is disclosed:                  
Name of director:                       Mr R B Spanjaard                        
Date of transactions:                   28 May 2003                             
Class of security:                      Ordinary shares                         
Nature of transactions:                 Sold                                    
No. of shares and purchase price:       42 805 shares each, at a price of 160   
                                        cps                                     
Nature of extent of interest:           Indirect non-beneficial                 
Name of director:                       Mr R B Spanjaard                        
Date of transactions:                   28 May 2003                             
Class of security:                      Ordinary shares                         
Nature of transactions:                 Purchased                               
No. of shares and purchase price:       42 805 shares each, at a price of 160   
                                        cps                                     
Nature of extent of interest:           Indirect non-beneficial                 
Port Elizabeth                                                                  
29 May 2003
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