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Thu 8 Jan 2004, 17:32 EXERCISE OF OPTIONS BY DIRECTORS
REUNERT LIMITED - EXERCISE OF OPTIONS BY DIRECTORS                              
REUNERT LIMITED                                                                 
(Incorporated in the Republic of South Africa)                                  
(Registration number 1913/004355/06)                                            
ISIN: ZAE000005914                                                              
Share Code: RLO                                                                 
("Reunert")                                                                     
EXERCISE OF OPTIONS BY DIRECTORS                                                
In compliance with rules 3.63 - 3.74 of the JSE Securities Exchange South Africa
("JSE") Listings Requirements, the following information is disclosed:          
Chief Executive:                        G Pretorius                             
Company:                                Reunert Limited                         
Nature of transaction:                  Exercise of options                     
Number of options exercised:            55 000                                  
Option strike price:                    545 cents per option                    
Date options exercised:                 8 January 2004                          
Total value of transaction:             R299 750                                
Nature and extent of                                                            
director"s interest:                    Direct beneficial                       
Financial Director:                     D J Rawlinson                           
Company:                                Reunert Limited                         
Nature of transaction:                  Exercise of options                     
Number of options exercised:            66 600                                  
Option strike price:                    545 cents per option                    
Date options exercised:                 8 January 2004                          
Total value of transaction:             R362 970                                
Nature and extent of                                                            
director"s interest:                    Direct beneficial                       
Executive Director:                     B P Gallagher                           
Company:                                Reunert Limited                         
Nature of transaction:                  Exercise of options                     
Number of options exercised:            66 600                                  
Option strike price:                    545 cents per option                    
Date options exercised:                 8 January 2004                          
Total value of transaction:             R362 970                                
Nature and extent of                                                            
director"s interest:                    Direct beneficial                       
Commercial Director:                    G D Oosthuizen                          
Company:                                Reunert Limited                         
Nature of transaction:                  Exercise of options                     
Number of options exercised:            66 600                                  
Option strike price:                    545 cents per option                    
Date options exercised:                 8 January 2004                          
Total value of transaction:             R362 970                                
Nature and extent of                                                            
director"s interest:                    Direct beneficial                       
Clearance for the exercise of the options has been given in terms of rule 3.66  
of the JSE Listings Requirements.                                               
Sandton                                                                         
8 January 2004                                                                  
Sponsor:                                                                        
RAND MERCHANT BANK (A division of FirstRand Bank Limited)                       
CORPORATE FINANCE                                                               
Date: 08/01/2004 05:31:03 PM Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department
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