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Fri 13 Feb 2004, 12:57 Conafex Holdings Declaration of dividend
Conafex Holdings Societe Anonyme - Declaration of dividend                      
  CONAFEX HOLDINGS SOCIETE ANONYME                                                
  (Incorporated in Luxembourg - RC Luxembourg No. B 17789)                        
  ("the company")                                                                 
  JSE CODE: CNX        ISIN: LU0167907293                                         
  Declaration of dividend                                                         
  Confirmation of South African Exchange Rate and dividend rate in respect of the 
  Conafex dividend                                                                
  Further to the announcement to shareholders published on 27 November 2003 in    
  which shareholders were informed that the exchange rate to be used to determine 
  the Rand equivalent of the final dividend for the year ended 31 August 2003     
  payable on Friday, 2 April 2004 would be calculated today, 13 February 2004,    
  shareholders are hereby advised that the exchange rate to be used will be US$ 1 
  = R6-60.                                                                        
  This has been calculated as the average of the bid/ask spread as at 12h00 (South
  African time) on 13 February 2004.                                              
  Consequently the dividend of 3 US cents will be equal to 19,80 South African    
  cents.                                                                          
  The last day to trade cum dividend will be Friday, 20 February 2004             
  The record date is Friday, 27 February 2004.                                    
  13 February 2004                                                                
  Johannesburg                                                                    
  By order of the Board                                                           
  Luxembourg Group Secretaries                                                    
  CITY GROUP PLC                                                                  
  Sponsor                                                                         
  Imara Corporate Finance South Africa (Pty) Ltd                                  
  Date: 13/02/2004 12:52:03 PM Produced by the JSE SENS Department
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