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Fri 11 Jul 2003, 14:27 DEALINGS IN SECURITIES BY DIRECTOR
Aquila -                                 
Aquila Growth Limited                                                           
Incorporated in the Republic of South Africa                                    
(Registration number 1995/003158/06)                                            
Share code: AQL  ISIN: ZAE000013959                                             
DEALINGS IN SECURITIES BY DIRECTOR                                              
In compliance with paragraphs 3.72 - 3.75 of the Listings Requirements of the   
JSE Securities Exchange South Africa, the following information is disclosed:   
Name of director:                  James Anthony Bell                           
Date of transactions:              10 and 11 July 2003                          
Number of shares:                  584 400 at 175 cents per share               
952 900 at 170 cents per share               
                                   100 000 at 167 cents per share               
                                   2 847 825 at 165 cents per share             
Class of securities:               Ordinary shares                              
Nature of transaction:             Sale                                         
Extent of director"s interest:     Indirect non-beneficial                      
Johannesburg                                                                    
11 July 2003                                                                    
Sponsor                                                                         
Bridge Capital Services (Proprietary) Limited                                   
Date: 11/07/2003 01:30:03 PM Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department                                             
                                                                                
                                                                                
                                                                                
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