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Tue 1 Jul 2003, 10:42 Tourvest Limited - Directors dealing
TOURISM INVESTMENT CORPORATION                                                  
(Incorporated in the Republic of South Africa)                                  
(Registration number 1996/008144/06                                             
("Tourvest")                                                                    
Share code: TRT                                                                 
ISIN:       ZAE000012472                                                        
In compliance with Rules 3.72 - 3.75 of the JSE Listings Requirements, the      
following information is disclosed:                                             
Executive director          :  E de Jager                                       
Number of Securities        :  100 000                                          
Nature of Interest          :  Direct beneficial                                
Nature of Transaction       :  Take up and purchase of shares persuant to       
                               excercise of share options                       
Date                        :  20 May 2003                                      
Price                       :  22.5 cents per share                             
Class of Security           :  Ordinary Shares
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