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Wed 25 Feb 2004, 16:07 Dealing In Securities By Directors
Thabex Exploration Limited - Dealing In Securities By Directors                 
THABEX EXPLORATION LIMITED                                                      
Registration No 1988/000763/06                                                  
(Incorporated in the Republic of South Africa)                                  
JSE share code: TBX                                                             
ISIN Code: ZAE000013686                                                         
Young Lions Exploring Africa                                                    
("Thabex")                                                                      
In accordance with 3.63 to 3.74 of the JSE Securities Exchange South Africa     
Listing Requirements, the following should be noted:                            
Director                           :  Marius Welthagen                          
Director(Executive/Non-executive)  :  Executive                                 
Date of transaction                :  24 February 2004                          
Nature of trade                    :  Purchase                                  
Number of shares purchased         :  23100                                     
Cents per share                    :  40c                                       
Purchase Price                     :  R9240                                     
Class of shares                    :  Ordinary                                  
Nature and extent of interest in   :  Indirect beneficial                       
transactions                                                                    
Clearance for dealing obtained     :  Confirmed by Chairman                     
Date of confirmation                  24 February 2004                          
2)                                                                              
Director                           :  Johannes Leopold Bosch                    
Director(Executive/Non-executive)  :  Non-executive                             
Date of transaction                :  24 February 2004                          
Nature of trade                    :  Sale                                      
Number of shares sold              :  23100                                     
Cents per share                    :  40c                                       
Sales Price                        :  R9240                                     
Class of shares                    :  Ordinary                                  
Nature and extent of interest in   :  Indirect beneficial                       
transactions                                                                    
Clearance for dealing obtained     :  Confirmed by Chairman                     
Date of confirmation               :  24 February 2004                          
Date: 25/02/2004 03:43:16 PM Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department                                             
                                                                                
                                                                                
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