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Tue 3 Jun 2003, 11:11 DEALING IN SECURITIES BY DIRECTORS
THE AFRIKANDER LEASE LIMITED -              
The Afrikander Lease Limited                                                    
(Incorporated in the Republic of South Africa)                                  
AFL (JSE) AFKDY (NASDAQ)                                                        
(Registration number 1921/006955/06) Share Code: AFL                            
ISIN Code: ZAE000000253 ("Aflease" or "the company" of "AFL")                   
Disclosure of dealing in securities by directors                                
In compliance with rule 3.72 of the JSE Listing Requirements, the following     
information is disclosed:                                                       
Director involved in transaction:       Neal Froneman, Chief Executive Officer  
Type of transaction:                    Purchased, on the open market           
Number of ordinary shares:              219,479                                 
Purchase price (cents):                 410                                     
Value (`R):                             899,864                                 
Date of transaction:                    2 June 2003                             
Extent of interest:                     Direct, beneficial                      
Director involved in transaction:       Marais Steyn Chief Financial Officer    
Type of transaction:                    Purchased, on the open market           
Number of ordinary shares:              24,358                                  
Purchase price (cents)                  410                                     
Value (`R)                              99,868                                  
Date of transaction:                    2 June 2003                             
Extent of interest:                     Direct, beneficial                      
Director involved in transaction:       Bruce Jones, Chief Operational Officer  
Type of transaction:                    Purchased, on the open market           
Number of ordinary shares:              12,163                                  
Purchase price (cents)                  410                                     
Value (`R):                             49,868                                  
Date of transaction:                    2 June 2003                             
Extent of interest :                    Direct, beneficial                      
Johannesburg                                                                    
3 June 2003                                                                     
Sponsor                                                                         
Gensec Bank Limited                                                             
Date: 03/06/2003 10:05:03 AM Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department                                             
                                                                                
                                                                                
                                                                                

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