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Mon 26 Apr 2004, 9:44 Dealing In Securities By Directors
Cadiz Holdings Limited - Dealing In Securities By Directors                     
  Cadiz Holdings Limited                                                          
  (Incorporated in the Republic of South Africa)                                  
  (Registration number 1997/007258/06)                                            
  Share code:  CDZ   ISIN: ZAE000017661                                           
  In compliance with Rules 3.63 - 3.74 of the JSE Listing Requirements, the       
  following information is disclosed:                                             
  Director:                Jacobus Louw                                           
  Office held:             Director of major subsidiary of Cadiz Holdings Limited 
  Company:                 Cadiz Asset Management                                 
                           (Proprietary) Limited                                  
  Nature of transaction:   Sale of shares                                         
  Date of transaction:     23 April 2004                                          
  Number of shares:        95 000                                                 
  Price per share:         240 cps                                                
  Class of shares:         Ordinary                                               
  Nature of interest:      Direct beneficial                                      
  Value of transaction:    R228 000.00                                            
  Clearance in terms of paragraph 3.66 has been given by the nominated director   
  26 April 2004                                                                   
  Sponsor: Investec Bank Limited                                                  
  Date: 26/04/2004 09:24:44 AM Produced by the JSE SENS Department                
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