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Tue 4 Nov 2003, 17:44 DIRECTORS DEALING IN SECURITIES
INTERTRADING LIMITED -                           
INTERTRADING LIMITED                                                            
(Incorporated in the Republic of South Africa)                                  
(Registration number 1987/004777/06)                                            
Share code ITR                                                                  
ISIN ZAE000015566                                                               
("Intertrading" or "the company")                                               
DIRECTORS DEALING IN SECURITIES                                                 
In compliance with the requirements of rule 3.63 to 3.65 of the Listings        
Requirements of the JSE Securities Exchange South Africa the following share    
transactions are disclosed:                                                     
Director:                Mr A J de Kovel                                        
Class:                   Ordinary shares                                        
Date of Transaction:     31 October 2003                                        
No of shares:            3 799 276                                              
Price:                   60 cents                                               
Total amount:            R 2 279565.60                                          
Nature:                  Sale                                                   
Extent of interest:      Indirect beneficial                                    
Director:                Mr A J de Kovel                                        
Class:                   Ordinary shares                                        
Date of Transaction:     31 October 2003                                        
No of shares:            7 797 724                                              
Price:                   60 cents                                               
Total amount:            R 4 678 634.40                                         
Nature:                  Call option granted requiring Mr de Kovel to sell at   
                         any time in the future but not later than 30 November  
2004                                                   
Extent of interest:      Indirect beneficial                                    
Director:                Mr T J Swart                                           
Class:                   Ordinary shares                                        
Date of Transaction:     31 October 2003                                        
No of shares:            500 000                                                
Price:                   60 cents                                               
Total amount:            R 300 000                                              
Nature:                  Sale                                                   
Extent of interest:      Indirect beneficial                                    
Johannesburg                                                                    
3 November 2003                                                                 
Date: 04/11/2003 05:31:03 PM Supplied by www.sharenet.co.za                     
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