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Fri 23 Jan 2004, 11:51 DEALING IN SECURITIES BY A DIRECTOR
BEARING MAN LIMITED - DEALING IN SECURITIES BY A DIRECTOR                       
  BEARING MAN LIMITED                                                             
  (Incorporated in the Republic of South Africa)                                  
  (Registration number 1955/002109/06)                                            
  JSE Share code:  BRM                                                            
  ISIN:  ZAE000001137                                                             
  DEALING IN SECURITIES BY A DIRECTOR                                             
  In compliance with rule 3.63 of the JSE Listings Requirements, the following    
  information is disclosed:                                                       
  Alternate director:           A Bekker                                          
  Company:                      Bearing Man Limited                               
  Date of transaction:          21 January 2004                                   
  Number of shares sold:        4 000                                             
  Price sold at:                R6.72 per share                                   
  Value of transaction:         R26 880                                           
  Extent of interest:           Direct beneficial                                 
  Share class:                  Ordinary shares                                   
  Nature of transaction:        Sale on the open market                           
  Written permission to deal:   Yes                                               
  Durban                                                                          
  23 January 2004                                                                 
  Sponsor:                                                                        
  Nedbank Corporate                                                               
  Date: 23/01/2004 11:48:02 AM Produced by the JSE SENS Department                
                                                                                  
                                                                                  
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