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Thu 8 Apr 2004, 11:45 DEALING IN SECURITIES BY A DIRECTOR
SPANJAARD LIMITED - DEALING IN SECURITIES BY A DIRECTOR                         
  SPANJAARD LIMITED                                                               
  (Incorporated in the Republic of South Africa)                                  
  Registration number 1960/004393/06                                              
  Share Code: SPA   ISIN: ZAE000006938                                            
  DEALING IN SECURITIES BY A DIRECTOR                                             
  In compliance with paragraph 3.63 to 3.74 of the JSE Securities Exchange South  
  Africa Listing Requirements, the following information is disclosed:            
  Director:                          RJW Spanjaard                                
  Date of transaction:               6 April 2004                                 
  Price per share:                   Between R1.46 and R1.50                      
  Number of shares:                  1 200                                        
  Total value:                       R1 760.00                                    
  Class of securities:               Ordinary shares                              
  Nature of transaction:             Purchase                                     
  Extent of interest:                Direct and beneficial                        
  Confirmation of clearance:         Confirmed                                    
  8 April 2004                                                                    
  Johannesburg                                                                    
  Sponsor                                                                         
  PricewaterhouseCoopers Corporate Finance (Pty) Ltd                              
  (Registration no: 1970/003711/07)                                               
  Date: 08/04/2004 11:39:53 AM Produced by the JSE SENS Department
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