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Wed 21 Apr 2004, 16:28 DIRECTORS DEALINGS IN SECURITIES
AVASA - DIRECTORS DEALINGS IN SECURITIES                                        
  AVASA HOLDINGS LIMITED                                                          
  Incorporated in the Republic of South Africa)                                   
  (Registration number 1998/013637/06)                                            
  Share code: AVA       ISIN ZAE000040622                                         
  ("AVASA")                                                                       
  DIRECTORS DEALINGS IN SECURITIES                                                
  In compliance with Rule 3.63 of the JSE Securities Exchange South Africa Listing
  Requirements the following information regarding the dealings in ordinary shares
  by a director is disclosed:                                                     
     Director                      :    Andrew Bonamour                           
  1. Date of transaction           :    20 April 2004                             
     Class of security             :    Ordinary shares                           
     Nature of transaction         :    Purchase                                  
     Number of shares              :    100 000                                   
  Price per share               :    6 cents                                   
     Value of transaction          :    R6 000                                    
     Nature of interest            :    Indirect beneficial                       
     Clearance to deal was received in terms of paragraph 3.66                    
  of the JSE Listings Requirements.                                            
  2. Date of transaction           :    21 April 2004                             
     Class of security             :    Ordinary shares                           
     Nature of transaction         :    Purchase                                  
  Number of shares              :    80 000                                    
     Price per share               :    8 cents                                   
     Value of transaction          :    R6 400                                    
     Nature of interest            :    Indirect beneficial                       
  Clearance to deal was received in terms of paragraph 3.66                    
     of the JSE Listings Requirements.                                            
  21 April 2004                                                                   
  Rosebank                                                                        
  Date: 21/04/2004 04:14:49 PM Produced by the JSE SENS Department                
                                                                                  
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