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Anglovaal Industries Limited - Dealings in securities by directors.             
  Anglovaal Industries Limited ("AVI")                                            
  Share Code:  AVI                                                                
  ISIN:  ZAE000030102                                                             
  In compliance with rules 3.63 - 3.74 of the Listings Requirements of the JSE    
  Securities Exchange South Africa, the following information is disclosed:-      
  Director                 :  Mr RS Katzen                                        
  Date of transaction      :  16 September 2003                                   
  Price per share          :  1751.68 cents                                       
  Number of shares         :  144190 ordinary 5 cent shares                       
  Nature of transaction    :  Sale                                                
  Extent of interest       :  Directly beneficial                                 
  The shares were acquired in terms of The Anglovaal Industries Limited Share     
  Incentive Scheme.  The proceeds from the sale will partly be utilised to pay off
  a share scheme loan.                                                            
  Date: 17/09/2003 02:48:30 PM Produced by the JSE SENS Department                
                                                                                  
                                                                                  
                                                                                  
  



 
 

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