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Tue 6 Jan 2004, 11:58 DIRECTORS DEALING IN SECURITIES
CAXTON & CTP PUBLISHERS & PRINTERS LIMITED - DIRECTORS DEALING IN SECURITIES    
  Caxton & CTP Publishers & Printers Limited                                      
  (Formerly CTP Holdings Limited)                                                 
  (Incorporated in the Republic of South Africa)                                  
  (Registration number 1947/026616/06)                                            
  ("Caxtons" or "the company")                                                    
  Share code: CAT                                                                 
  ISIN: ZAE000043345                                                              
  DIRECTORS DEALING IN SECURITIES                                                 
  In compliance with the requirements of paragraphs 3.63 to 3.66 of the JSE       
  Securities Exchange South Africa Listings Requirements, the following           
  information is disclosed:                                                       
  Director:                Mr G M Utian                                           
  Date of Transaction:     31 December 2003                                       
  No of shares:            600 324                                                
  Class:                   Ordinary shares                                        
  Price:                   68 cents                                               
  Total amount:            R 408 220.32                                           
  Nature:                  Purchase - delivery of and payment for options         
  exercised on 31 December 1998                          
  Extent of interest:      Direct beneficial                                      
  Clearance obtained:      Yes                                                    
  Director:                Mr G M Utian                                           
  Date of Transaction:     31 December 2003                                       
  No of shares:            400 000                                                
  Class:                   Ordinary shares                                        
  Price:                   780 cents                                              
  Total amount:            R 3 120 000.00                                         
  Nature:                  Sale                                                   
  Extent of interest:      Indirect beneficial                                    
  Clearance obtained:      Yes                                                    
  Director:                Mr P G Greyling                                        
  Date of Transaction:     31 December 2003                                       
  No of shares:            436 600                                                
  Class:                   Ordinary shares                                        
  Price:                   68 cents                                               
  Total amount:            R 296 888.00                                           
  Nature:                  Purchase - delivery of and payment for options         
                           exercised on 31 December 1998                          
  Extent of interest:      Direct beneficial                                      
  Clearance obtained:      Yes                                                    
  Director:                Mr P G Greyling                                        
  Date of Transaction:     31 December 2003                                       
  No of shares:            47 886                                                 
  Class:                   Ordinary shares                                        
  Price:                   780 cents                                              
  Total amount:            R 373 510.80                                           
  Nature:                  Sale                                                   
  Extent of interest:      Direct beneficial                                      
  Clearance obtained:      Yes                                                    
  Director:                Mr T D Moolman                                         
  Date of Transaction:     31 December 2003                                       
  No of shares:            600 324                                                
  Class:                   Ordinary shares                                        
  Price:                   68 cents                                               
  Total amount:            R 408 220.32                                           
  Nature:                  Purchase - delivery of and payment for options         
                           exercised on 31 December 1998                          
  Extent of interest:      Direct beneficial                                      
  Clearance obtained:      Yes                                                    
  Director:                Mr M D W Short                                         
  Date of Transaction:     31 December 2003                                       
  No of shares:            600 324                                                
  Class:                   Ordinary shares                                        
  Price:                   68 cents                                               
  Total amount:            R 408 220.32                                           
  Nature:                  Purchase - delivery of and payment for options         
  exercised on 31 December 1998                          
  Extent of interest:      Direct beneficial                                      
  Clearance obtained:      Yes                                                    
  Director:                Dr F van Zyl Slabbert                                  
  Date of Transaction:     31 December 2003                                       
  No of shares:            54 574                                                 
  Class:                   Ordinary shares                                        
  Price:                   68 cents                                               
  Total amount:            R 37 110.32                                            
  Nature:                  Purchase - delivery of and payment for options         
                           exercised on 31 December 1998                          
  Extent of interest:      Direct beneficial                                      
  Clearance obtained:      Yes                                                    
  Director:                Dr F van Zyl Slabbert                                  
  Date of Transaction:     31 December 2003                                       
  No of shares:            54 574                                                 
  Class:                   Ordinary shares                                        
  Price:                   780 cents                                              
  Total amount:            R 425 677.20                                           
  Nature:                  Sale                                                   
  Extent of interest:      Direct beneficial                                      
  Clearance obtained:      Yes                                                    
  Date: 06/01/2004 11:33:05 AM Produced by the JSE SENS Department                
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