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Fri 2 Apr 2004, 14:34 DISCLOSURE OF DEALINGS IN SECURITIES
FIRSTRAND LIMITED - DISCLOSURE OF DEALINGS IN SECURITIES                        
  FirstRand Limited                                                               
  (Incorporated in the Republic of South Africa)                                  
  Registration number: 1966/010753/06                                             
  Share Code: FSR ISIN: ZAE 000014973                                             
  ("FirstRand")                                                                   
  DISCLOSURE OF DEALINGS IN SECURITIES                                            
  In compliance with Rule 3.63 of the JSE Securities Exchange South Africa Listing
  Requirements the following information regarding the exercise of options by the 
  company secretary of FirstRand and directors of Momentum, a major subsidiary of 
  FirstRand, who are participants in the FirstRand Share Incentive Scheme is      
  disclosed:                                                                      
  Director of Momentum          :    J J Sieberhagen                              
  Date of transaction           :    1 April 2004                                 
  Date of granting of options   :    1 April 1999                                 
  Class of security             :    Ordinary shares                              
  Nature of transaction         :    Exercise of share options                    
  Number of shares              :    76 140                                       
  Option strike price           :    R5.91 per share                              
  Nature of interest            :    Direct beneficial                            
  Value of transaction          :    R449 987.40                                  
  Clearance received            :    Yes                                          
  Director of Momentum          :    J J Sieberhagen                              
  Date of transaction           :    1 April 2004                                 
  Class of security             :    Ordinary shares                              
  Nature of transaction         :    Sale                                         
  Number of shares              :    76 140                                       
  Sale price                    :    R9.8168 per share                            
  Nature of interest            :    Direct beneficial                            
  Value of transaction          :    R747 451.15                                  
  Clearance received            :    Yes                                          
  Director of Momentum          :    H P Meyer                                    
  Date of transaction           :    1 April 2004                                 
  Date of granting of options   :    1 April 1999                                 
  Class of security             :    Ordinary shares                              
  Nature of transaction         :    Exercise of share options                    
  Number of shares              :    253 800                                      
  Option strike price           :    R5.32 per share                              
  Nature of interest            :    Direct beneficial                            
  Value of transaction          :    R1 350 216.00                                
  Clearance received            :    Yes                                          
  Director of Momentum          :    H P Meyer                                    
  Date of transaction           :    1 April 2004                                 
  Class of security             :    Ordinary shares                              
  Nature of transaction         :    Sale                                         
  Number of shares              :    146 750                                      
  Sale price                    :    R9.8168 per share                            
  Nature of interest            :    Direct beneficial                            
  Value of transaction          :    R1 440 615.40                                
  Clearance received            :    Yes                                          
  Director of Momentum          :    F J C Truter                                 
  Date of transaction           :    1 April 2004                                 
  Date of granting of options   :    1 April 1999                                 
  Class of security             :    Ordinary shares                              
  Nature of transaction         :    Exercise of share options                    
  Number of shares              :    76 140                                       
  Option strike price           :    R5.91 per share                              
  Nature of interest            :    Direct beneficial                            
  Value of transaction          :    R449 987.40                                  
  Clearance received            :    Yes                                          
  Director of Momentum          :    F J C Truter                                 
  Date of transaction           :    1 April 2004                                 
  Class of security             :    Ordinary shares                              
  Nature of transaction         :    Sale                                         
  Number of shares              :    46 860                                       
  Sale price                    :    R9.8168 per share                            
  Nature of interest            :    Direct beneficial                            
  Value of transaction          :    R460 015.25                                  
  Clearance received            :    Yes                                          
  Director of Momentum          :    D J Botes                                    
  Date of transaction           :    1 April 2004                                 
  Date of granting of options   :    1 April 1999                                 
  Class of security             :    Ordinary shares                              
  Nature of transaction         :    Exercise of share options                    
  Number of shares              :    253 800                                      
  Option strike price           :    R5.32 per share                              
  Nature of interest            :    Direct beneficial                            
  Value of transaction          :    R1 350 216.00                                
  Clearance received            :    Yes                                          
  Director of Momentum          :    D J Botes                                    
  Date of transaction           :    1 April 2004                                 
  Class of security             :    Ordinary shares                              
  Nature of transaction         :    Sale                                         
  Number of shares              :    253 800                                      
  Sale price                    :    R9.8168 per share                            
  Nature of interest            :    Direct beneficial                            
  Value of transaction          :    R2 491 503.84                                
  Clearance received            :    Yes                                          
  Company secretary of                                                            
  FirstRand                     :    A H Arnott                                   
  Date of transaction           :    1 April 2004                                 
  Date of granting of options   :    1 April 1999                                 
  Class of security             :    Ordinary shares                              
  Nature of transaction         :    Exercise of share options                    
  Number of shares              :    76 140                                       
  Exercise price                :    R5.91 per share                              
  Nature of interest            :    Direct beneficial                            
  Value of transaction          :    R449 987.40                                  
  Clearance received            :    Yes                                          
  Company secretary of                                                            
  FirstRand                     :    A H Arnott                                   
  Date of transaction           :    1 April 2004                                 
  Class of security             :    Ordinary shares                              
  Nature of transaction         :    Sale                                         
  Number of shares              :    76 140                                       
  Sale price                    :    R9.8168 per share                            
  Nature of interest            :    Direct beneficial                            
  Value of transaction          :    R747 451.15                                  
  Clearance received            :    Yes                                          
  Sandton                                                                         
  2 April 2004                                                                    
  Sponsor                                                                         
  RAND MERCHANT BANK (A division of FirstRand Bank Limited                        
  CORPORATE FINANCE                                                               
  Date: 02/04/2004 02:30:23 PM Produced by the JSE SENS Department
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