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Wed 24 Mar 2004, 14:18 DEALING IN SECURITIES BY DIRECTORS
MATODZI RESOURCES LIMITED - DEALING IN SECURITIES BY DIRECTORS OF LISTED COMPANY
  Matodzi Resources Limited                                                       
  Registration number: 1933/004523/06                                             
  Share code: MTZ                                                                 
  ISIN: ZAE000042412                                                              
  DEALING IN SECURITIES BY DIRECTORS OF LISTED COMPANY                            
  In compliance with paragraph 3.63 of the Listings Requirements of the JSE       
  Securities Exchange South Africa, the following should be noted:                
  Director:                               M E Mkwanazi (Non executive director)   
  Name of company:                        Matodzi Resources Limited               
  Date:                                   17 March 2004                           
  Price:                                  40 cents per share                      
  Number of shares:                       15 000                                  
  Class:                                  Ordinary shares                         
  Nature:                                 Purchase                                
  Total consideration:                    R 6 000                                 
  Extent of Director"s Interest:          Direct and beneficial.                  
  Clearance to deal received                                                      
  in terms of paragraph 3.66:             Obtained.                               
  Johannesburg                                                                    
  24 March 2004                                                                   
  Sponsor: River Group                                                            
  Date: 24/03/2004 02:06:33 PM Produced by the JSE SENS Department
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