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The Afrikander Lease Limited - Modde East Mining Authorisation Granted          
The Afrikander Lease Limited                                                    
(Incorporated in the Republic of South Africa)                                  
AFL (JSE) AFKDY (NASDAQ)                                                        
(Registration number 1921/006955/06)                                            
("Aflease")                                                                     
(ISIN Number : ZAE000000253  Share Code : AFL)                                  
MODDE EAST MINING AUTHORISATION GRANTED                                         
Aflease shareholders are advised that the Department of Mineral and Energy      
Affairs granted the requisite Mining Authorization (Mining License) and         
Management Programme Report that Aflease requires to develop its Modder East    
mine to Aflease on 30 April 2004.                                               
Aflease shareholders will be kept informed of any material developments in      
relation to its Modder East project.                                            
Johannesburg                                                                    
3 May 2004                                                                      
Sponsor                                                                         
Nedbank Capital

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