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Wed 21 Jan 2004, 16:36 DEALING IN SECURITIES BY A DIRECTOR
SPANJAARD LIMITED - DEALING IN SECURITIES BY A DIRECTOR                         
  Spanjaard Limited                                                               
  (Incorporated in the Republic of South Africa)                                  
  Registration number 1960/004393/06                                              
  Share Code: SPA   ISIN: ZAE000006938                                            
  ("the company")                                                                 
  Dealing in securities by a director                                             
  In compliance with paragraph 3.63 to 3.74 of the JSE Securities Exchange South  
  Africa Listing Requirements, the following information is disclosed:            
  Director:                       RJW Spanjaard                                   
  Date of transaction:            21 January 2004                                 
  Price per share:                R1.27                                           
  Number of shares:               6 700                                           
  Total value:                    R8 509.00                                       
  Class of securities:            Ordinary shares                                 
  Nature of transaction:          Purchase                                        
  Extent of interest:             Direct and beneficial                           
  Confirmation of clearance:      Confirmed                                       
  21 January 2004                                                                 
  Johannesburg                                                                    
  Sponsor                                                                         
  PricewaterhouseCoopers Corporate Finance (Pty) Ltd                              
  (Registration no: 1970/003711/07)                                               
  Date: 21/01/2004 04:22:02 PM Produced by the JSE SENS Department                
                                                                                  
                                                                                  
                                                                                  
  



 
 
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