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Mon 31 May 2004, 17:35 WINHOLD LIMITED - DEALING IN SECURITIES BY A DIRE
WINHOLD LIMITED  - DEALING IN SECURITIES BY A DIRECTOR                          
Winhold Limited                                                                 
( Incorporated in the Republic of South Africa )                                
( Registration number 1945 / 019679 / 06 )                                      
Share Code :  WHN/WHPN   ISIN : ZAE000033916/ZAE000008041                       
( ` Winhold ` )                                                                 
DEALING IN SECURITIES BY A DIRECTOR                                             
In terms of paragraph 3.63 - 3.65 of the Listings Requirements of the JSE       
Securities Exchange South Africa, the following information, relating to the    
dealing in securities by a director, is disclosed :                             
Name of Director :            MJN RISELY                                        
Capacity :                    Executive director of major                       
                              subsidiary company                                
Name of the company :         Winhold Limited                                   
Class of security :           Ordinary shares                                   
Date of the transaction :     28 May 2004                                       
Price per share :             R1,10                                             
Number of securities :        124 493                                           
Total value :                 R 136 942.30                                      
Nature of transaction :       Sale                                              
Extent of interest :          Indirect beneficial                               
Written clearance to                                                            
        deal received :       Yes                                               
Johannesburg                                                                    
 31 May 2004                                                                    
D J De Villiers                                                                 
Group Secretary                                                                 
Winhold Limited
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