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Thu 18 Sep 2003, 16:47 Dealing in Securities by Director
AVI - Dealing in Securities by Director                                         
  ANGLOVAAL INDUSTRIES LIMITED                                                    
  ("AVI")                                                                         
  (Registration number. 1944/017201/06)                                           
  Share Code: AVI                                                                 
  ISIN: ZAE000030102                                                              
  Director"s dealings in AVI shares                                               
  In compliance with rules 3.63 - 3.74 of the Listings Requirements of the JSE    
  Securities Exchange South Africa ("the JSE"), the following information is      
  disclosed:                                                                      
  Director            :         Mr RS Katzen                                      
  Date of transaction      :    17 September 2003                                 
  Price per unit      :         R17.51                                            
  Number of shares         :    155 810 ordinary 5 cent shares                    
  Aggregate consideration  :    R2 728 233                                        
  Nature of transaction    :    Sale                                              
  Extent of interest       :    Directly beneficial                               
  Clearance to deal in these shares has been obtained in accordance with AVI"s    
  policy with regard to directors" dealings as well as the Listings Requirements  
  of the JSE.                                                                     
  The shares were acquired in terms of The Anglovaal Industries Limited Share     
  Incentive Scheme. The proceeds from the sale will be partly utilised to pay off 
  a Share Scheme loan.                                                            
  MR KATZEN CONTINUES TO HOLD 193 024 SHARES DIRECTLY AND IN TERMS OF THE         
  ANGLOVAAL INDUSTRIES LIMITED SHARE INCENTIVE SCHEMES.                           
  Date: 18/09/2003 04:42:03 PM Produced by the JSE SENS Department
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