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INDEPENDENT FINANCIAL SERVICES LTD - DEALINGS IN SECURITIES BY DIRECTOR         
Independent Financial Services Ltd                                              
JSE Share Code: IND                                                             
ISIN: ZAE000025300                                                              
DEALINGS IN SECURITIES BY DIRECTOR                                              
In accordance with the requirements of paragraph 3.63 to 3.74 of the JSE        
Securities Exchange Listings Requirements, the following should be noted:       
Name of Director:             F Boshoff                                         
Transaction Date:             10-02-2004                                        
Class of shares:              Ordinary                                          
Number of shares:             500       500                                     
Price per share:              R0.85     R1.00                                   
Nature of transaction:        Purchase                                          
Nature of interest:           Direct Beneficial                                 
Approval obtained:            Yes                                               
Date: 11/02/2004 09:55:02 AM
Produced by the JSE SENS Department                                             

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