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Wed 10 Mar 2004, 17:09 DIRECTOR"S DEALINGS
ISCOR LIMITED - DIRECTOR"S DEALINGS                                             
  Iscor Limited                                                                   
  (Incorporated in the Republic of South Africa)                                  
  (Registration number 1989/002164/06)                                            
  (Share code: ISC)                                                               
  (ISIN: ZAE000037453)                                                            
  ("Iscor")                                                                       
  Director"s Dealings                                                             
  In accordance with sections 3.63 to 3.74 of the Listings Requirements of the JSE
  Securities Exchange South Africa ("Listings Requirements"), Iscor advises that, 
  it has been informed of the following dealing in its shares:                    
  Director                           : Mr. Malcolm Macdonald                      
  Company                            : Iscor Limited                              
  Position held                      : Executive                                  
  Nature of transaction              : Sale of shares                             
  Date of transaction                : 9 & 10 March 2004                          
  Class of securities                : Ordinary shares                            
  Number of shares sold              : 58 130                                     
  Price of securities                : R39.35                                     
  Number of shares sold              : 41 866                                     
  Price of securities                : R39.72                                     
  Total value of transaction         : R3,950,333                                 
  Director"s interest                : Indirect Beneficial                        
  Number of shares                   : 19 040                                     
  Price of securities                : R18.15                                     
  Total value of transaction         : R345,576                                   
  Nature of transaction              : Exercise of options                        
  Class of securities                : Options on ordinary shares                 
  Nature and extent of                                                            
  director"s interest                : Direct Beneficial                          
  Number of shares                   : 19 040                                     
  Price of securities                : R40.05                                     
  Total value of transaction         : R762,552                                   
  Nature of transaction              : Sale of shares                             
  Class of securities                : Ordinary shares                            
  Nature and extent of                                                            
  director"s interest                : Direct Beneficial                          
  Clearance :The required clearance per section 3.66 of the Listings              
  Requirements has been obtained                                                  
  Director                           : Mr. Louis Lourens van Niekerk              
  Company                            : Iscor Limited                              
  Position held                      : Executive                                  
  Nature of transaction              : Exercise of options                        
  Date of transaction                : 9 & 10 March 2004                          
  Class of securities                : Options on ordinary shares                 
  Number of shares                   : 24 970                                     
  Price of securities                : R18.15                                     
  Total value of transaction         : R453,205.50                                
  Director"s interest                : Indirect Beneficial                        
  Nature of transaction              : Sale of shares                             
  Class of securities                : Ordinary shares                            
  Number of shares                   : 102,350                                    
  Price of securities                : R40.00                                     
  Total value of transaction         : R4,094,000                                 
  Nature and extent of                                                            
  director"s interest                : Indirect Beneficial                        
  Clearance :The required clearance per section 3.66 of the Listings Requirements 
  has been obtained                                                               
  1                                                                               
  Pretoria                                                                        
  10 March 2004                                                                   
  Sponsor to Iscor:                                                               
  Deutsche Securities                                                             
  Date: 10/03/2004 04:25:19 PM Produced by the JSE SENS Department                
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