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NEW AFRICA INVESTMENTS LIMITED - DEALING IN SECURITIES BY DIRECTORS
NEW AFRICA INVESTMENTS LIMITED
(Registration number 1993/002467/06)
Share codes: NAI and NAN
ISIN: ZAE00033338 and ZAE00033346
("NAIL" or "the company")
Dealing in securities by directors
In compliance with paragraph 3.63 to 3.74 of the JSE Securities Exchange South
Africa Listing Requirements, the following information is disclosed:
The executive directors of NAIL (being S Macozoma, R Kevan and K Setzin) have
sold their "N" ordinary shares, which were acquired by them via an exercise of
share options effected on 24 October 2003, into the offer made by a consortium
comprising Multidirect Investments 180 (Proprietary) Limited, Safika Holdings
(Proprietary) Limited, Newshelf 730 (Proprietary) Limited, Investec Bank Limited
and Mineworkers Investment Company (Proprietary) Limited ("the Tiso consortium")
as contained in the circular issued by the Tiso consortium on 2 October 2003.
Further details of the dealings are as follows:
Name of director: S Macozoma
Date of transaction: 24 October 2003
Number of "N" ordinary shares: 2 158 700
Average strike price of share options: R6.30
Price per "N" ordinary share sold: R10.50
Total Value: R22 666 350
Class of securities: "N" ordinary shares
Extent of interest: Direct beneficial
Clearance: Permission to deal in these shares has
been obtained
Name of director: R Kevan
Date of transaction: 24 October 2003
Number of "N" ordinary shares: 1 038 960
Average strike price of share options: R6.44
Price per "N" ordinary share sold: R10.50
Total Value: R10 909 080
Class of securities: "N" ordinary shares
Extent of interest: Direct beneficial
Clearance: Permission to deal in these shares has
been obtained
Name of director: K Setzin
Date of transaction: 24 October 2003
Number of "N" ordinary shares: 1 041 600
Average strike price of share options: R6.34
Price per "N" ordinary share sold: R10.50
Total Value: R10 936 800
Class of securities: "N" ordinary shares
Extent of interest: Direct beneficial
Clearance: Permission to deal in these shares has
been obtained
Sponsor
PricewaterhouseCoopers Corporate Finance (Pty) Ltd
(Registration no: 1970/003711/07)
Date: 27/10/2003 04:12:54 PM Produced by the JSE SENS Department
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