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Wed 10 Dec 2003, 12:24 Dealing in securities by directors
Mvelaphanda Resources Limited - Dealing in securities by directors              
  Mvelaphanda Resources Limited                                                   
  Registration number: 1980/001395/06                                             
  ISIN: ZAE000050266     JSE Share Code: MVL                                      
  ("Mvela Resources")                                                             
  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:            
  Director:                             TMG Sexwale                               
  Date of transaction:                  5 December 2003                           
  Price per share:                      R 23.50                                   
  Number of shares:                     637 500                                   
  Total value:                          R 14 981 250                              
  Class of securities:                  Ordinary shares                           
  Nature of transaction:                Issue of shares to Mevalphanda Holdings   
  (Pty) Limited                             
  Extent of interest:                   Indirect Non -beneficial                  
  Director:                             RB Shead                                  
  Date of transaction:                  5 December 200                            
  Price per share:                      R 23.50                                   
  Number of shares:                     255 000                                   
  Total value:                          R 5 992 500                               
  Class of securities:                  Ordinary shares                           
  Nature of transaction:                Issue of shares to Mevalphanda Holdings   
                                        (Pty) Limited                             
  Extent of interest:                   Direct Beneficial                         
  Director:                             MSMM Xayiya                               
  Date of transaction:                  5 December 2003                           
  Price per share:                      R 23.50                                   
  Number of shares:                     255 000                                   
  Total value:                          R 5 992 500                               
  Class of securities:                  Ordinary shares                           
  Nature of transaction:                Issue of shares to Mevalphanda Holdings   
                                        (Pty) Limited                             
  Extent of interest:                   Indirect: Non -beneficial                 
  Director:                             MJ Willcox                                
  Date of transaction:                  5 December 2003                           
  Price per share:                      R 23.50                                   
  Number of shares:                     255 000                                   
  Total value:                          R 5 992 500                               
  Class of securities:                  Ordinary shares                           
  Nature of transaction:                Issue of shares to Mevalphanda Holdings   
                                        (Pty) Limited                             
  Extent of interest:                   Indirect Non -beneficial                  
  10 December 2003                                                                
  Johannesburg                                                                    
  Sponsor                                                                         
  PricewaterhouseCoopers Corporate Finance (Pty) Ltd                              
  (Registration no: 1970/003711/07)                                               
  Date: 10/12/2003 12:13:37 PM Produced by the JSE SENS Department
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