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Mon 7 Jun 2004, 11:21 DEALING IN SECURITIES BY DIRECTOR
WILSON BAYLY HOLMES - OVCON LTD - DEALING IN SECURITIES BY DIRECTOR             
  Wilson Bayly Holmes - Ovcon Ltd                                                 
  (Incorporated in the Republic of South Africa)                                  
  (Registration number 1982/011014/06)                                            
  JSE Share code: WBO                                                             
  ISIN: ZAE000009932                                                              
  DEALING IN SECURITIES BY DIRECTOR                                               
  In compliance with Rules 3.63 - 3.74 of the JSE Listing Requirements, the       
  following information is disclosed:                                             
  Director:                     M S Wylie                                         
  Date of transaction:          4 June 2004                                       
  Class of shares:              Ordinary shares in Wilson Bayly Holmes - Ovcon Ltd
  Amount of shares:             500 000                                           
  Price of shares:              1750 cents per share                              
  Nature of transaction:        Sale                                              
  Extent of interest:           Shares sold by Mr Wylie`s family trusts of which  
                                he may be regarded as the beneficial owner. The   
                                shares were purchased by the WBHO Share Trust     
  Director:                     B G Holmes                                        
  Date of transaction:          4 June 2004                                       
  Class of shares:              Ordinary shares in Wilson Bayly Holmes - Ovcon Ltd
  Amount of shares:             500 000 (five hundred thousand only)              
  Price of shares:              1750 cents per share                              
  Nature    of transaction:     Sale                                              
  Extent of interest:           Shares sold by a company controlled by Mr Holmes  
                                and of which he may be regarded as the beneficial 
                                owner. The shares were purchased by the WBHO Share
  Trust                                             
  Clearance has been obtained by a director of the company.                       
  7 June 2004                                                                     
  Date: 07/06/2004 11:11:04 AM Produced by the JSE SENS Department                
                                                                                  
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