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Fri 20 Feb 2004, 17:06 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                                :TS Gien                                
Date of transaction                     :20 February 2004                       
Price per share                         :R1.28                                  
Number of shares                        :210 500                                
Total value                             :R269 440                               
Class of securities                     :Ordinary shares                        
Nature of transaction                   :Purchase                               
Extent of interest                      :Direct and beneficial                  
Confirmation of clearance               :Confirmed                              
20 February 2004                                                                
Johannesburg                                                                    
Sponsor                                                                         
PricewaterhouseCoopers Corporate Finance (Pty) Ltd                              
(Registration no: 1970/003711/07)                                               
Date: 20/02/2004 05:02:02 PM Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department                                             
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