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Thu 6 Nov 2003, 14:50 DEALING IN SECURITIES BY DIRECTORS
DEALING IN SECURITIES BY DIRECTORS AND SECRETARY KERSAF INVESTMENTS LIMITED     
KERSAF INVESTMENTS LIMITED                                                      
(Incorporated in the Republic of South Africa)                                  
(Registration number 1967/007528/06)                                            
Share code: KER                                                                 
ISIN: ZAE000003844                                                              
("the company")                                                                 
DEALING IN SECURITIES BY DIRECTORS AND SECRETARY KERSAF INVESTMENTS LIMITED     
In Compliance with Rule 3.63 to 3.74 of the JSE Securities Exchange SA Listings 
Requirements, the following should be noted:                                    
1.  Name of company secretary  : S A Bailes                                     
2.  Name of company            : Kersaf Investments Limited                     
3.  Date transaction effected  : 5 November 2003                                
4.  Price                      : R38,90                                         
5.  Amount of shares           : 3 500                                          
6.  Class of shares            : Ord. Shares of R0,08 each                      
7.  Option strike price        : R36,00                                         
8.  Option strike date         : 5 November 2003                                
9.  Option vesting date        : 17 December 1995                               
10. Nature of transaction      : Sale of shares pursuant to                     
                                 exercise of share options under                
                                 share incentive scheme                         
11. Nature and extent of                                                        
company secretary"s        : Direct beneficial                              
    interest in the                                                             
    transaction                                                                 
12. Clearance                  : Clearance to deal has been                     
received in terms of par. 3.66                 
                                 of the JSE Listings                            
                                 Requirements                                   
Date: 06/11/2003 02:30:03 PM Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department
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