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Mon 28 Jul 2003, 14:37 Dealings In Securities By Director
Aquila Growth Limited -           
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          :    28 July 2003                                 
Number of shares              :    730 000 at 170 cents per share               
20 000 at 166 cents per share                
                                   1 250 000 at 165 cents per share             
Class of securities           :    Ordinary shares                              
Nature of transaction         :    Sale                                         
Extent of director"s interest :    Indirect non-beneficial                      
Johannesburg                                                                    
28 July 2003                                                                    
Sponsor                                                                         
Bridge Capital Services (Proprietary) Limited                                   
Date: 28/07/2003 02:33:00 PM Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department                                             
                                                                                
                                                                                
                                                                                


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