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Thu 27 Nov 2003, 17:00 Directors dealings
Kersaf Investments Limited - Directors dealings                                 
Kersaf Investments Limited                                                      
(Incorporated in the Republic of South Africa)                                  
(Registration No. 1967/007528/06)                                               
("the company")                                                                 
Share Code: KER                                                                 
ISIN Code: ZAE000003844                                                         
In compliance with Rules 3.63 - 3.74 of the JSE Listings Requirements, the      
following information is disclosed:                                             
Executive         PD Bacon                                                      
director                                                                        
Transaction date  25 November 2003                                              
Price             R39,005                                                       
Number of shares  90 000                                                        
Class of shares   Ordinary shares of R0,08 each                                 
Option vesting    25% on each of 25 November 2004/5/6 & 7                       
date                                                                            
Nature of         Acceptance of grant of share options under share              
transaction       incentive scheme                                              
Nature of         Direct beneficial                                             
interest                                                                        
Clearance         Clearance has been received in terms of paragraph             
                  3.66 of the JSE Listings Requirements                         
Executive         D C Coutts-Trotter                                            
director                                                                        
Transaction date  25 November 2003                                              
Price             R39,005                                                       
Number of shares  56 250                                                        
Class of shares   Ordinary shares of R0,08 each                                 
Option vesting    25% on each of 25 November 2004/5/6 & 7                       
date                                                                            
Nature of         Acceptance of grant of share options under share              
transaction       incentive scheme                                              
Nature of         Direct beneficial                                             
interest                                                                        
Clearance         Clearance has been received in terms of paragraph             
                  3.66 of the JSE Listings Requirements                         
Executive         SA Bailes                                                     
director                                                                        
Transaction date  25 November 2003                                              
Price             R39,005                                                       
Number of shares  9 000                                                         
Class of shares   Ordinary shares of R0,08 each                                 
Option vesting    25% on each of 25 November 2004/5/6 & 7                       
date                                                                            
Nature of         Acceptance of grant of share options under share              
transaction       incentive scheme                                              
Nature of         Direct beneficial                                             
interest                                                                        
Clearance         Clearance has been received in terms of paragraph             
                  3.66 of the JSE Listings Requirements                         
Date: 27/11/2003 04:56:03 PM Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department
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