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Fri 20 Feb 2004, 17:23 ACCEPTANCE AND EXERCISE OF OPTIONS BY DIRECTORS
McCARTHY LIMITED - ACCEPTANCE AND EXERCISE OF OPTIONS BY DIRECTORS              
McCARTHY LIMITED                                                                
(Incorporated in the Republic of South Africa)                                  
(Registration number 1991/003245/06)                                            
Ordinary shares:     JSE code: MCC     ISIN: ZAE000034823                       
Preference shares:   JSE code: MCCP    ISIN: ZAE000034831                       
In compliance with rules 3.63 - 3.74 of the JSE Securities Exchange South       
Africa ("JSE") Listings Requirements, the following information is disclosed:   
Non Executive Director                   :  Mr S C McCarthy                     
Company                                  :  McCarthy Limited                    
Nature of transaction                    :  Exercise of share options           
Number of options                        :  1 578 600                           
Nature and extent of director"s                                                 
interest                                 :  Direct beneficial                   
Date of transaction                      :  20 February 2004                    
Option strike price                      :  25 cents per share                  
Total value of transaction               :  R394 650-00                         
Non Executive Director                   :  Mr S C McCarthy                     
Company                                  :  McCarthy Limited                    
Nature of transaction                    :  Acceptance of ordinary share        
                                             offer in terms of Bidvest offer    
Number of shares                         :  1 815 070                           
Nature and extent of director"s                                                 
interest                                 :  Direct beneficial                   
Date of transaction                      :  20 February 2004                    
Share sale price                         :  36 cents per share                  
Total value of transaction               :  R653 425-20                         
Group Human Resources Director           :  Mr W R Parkhurst                    
Company                                  :  McCarthy Limited                    
Nature of transaction                    :  Acceptance of ordinary offer in     
                                            terms of Bidvest offer              
Number of shares                         :  524                                 
Nature and extent of director"s                                                 
interest                                 :  Direct beneficial                   
Date of transaction                      :  20 February 2004                    
Share sale price                         :  36 cents per share                  
Total value of transaction               :  R188-64                             
Non Executive Director                   :  Mr P M Goss                         
Company                                  :  McCarthy Limited                    
Nature of transaction                    :  Acceptance of ordinary share        
                                              offer in terms of Bidvest offer   
Number of shares                         :  5 000                               
Nature and extent of director"s                                                 
interest                                 :  Direct beneficial                   
Date of transaction                      :  20 February 2004                    
Share sale price                         :  36 cents per share                  
Total value of transaction               :  R1800-00                            
Non Executive Director                   :  Mr P J C Horne                      
Company                                  :  McCarthy Limited                    
Nature of transaction                    :  Acceptance of ordinary share        
                                              offer in terms of Bidvest offer   
Number of shares                         :  15 000                              
Nature and extent of director"s                                                 
interest                                 :  Indirect beneficial                 
Date of transaction                      :  20 February 2004                    
Sale share price                         :  36 cents per share                  
Total value of transaction               :  R5 400-00                           
Non Executive Director                   :  Mr S C McCarthy                     
Company                                  :  McCarthy Limited                    
Nature of transaction                    :  Acceptance of ordinary share        
                                              offer in terms of Bidvest offer   
Number of shares                         :  13 233 573                          
Nature and extent of director"s                                                 
interest                                 :  Indirect non-beneficial             
Date of transaction                      :  20 February 2004                    
Share sale price                         :  36 cents per share                  
Total value of transaction               :  R4 764 086-28                       
Clearance for the exercise of the options has been given in terms of rule 3.66  
of the JSE Listings Requirements                                                
Durban                                                                          
20 February 2004                                                                
Sponsor                                                                         
RAND MERCHANT BANK (A division of FirstRand Bank Limited)                       
CORPORATE FINANCE                                                               
Date: 20/02/2004 05:15:04 PM Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department                                             
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