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Tue 8 Jun 2004, 17:29 DEALING IN SECURITIES BY DIRECTORS
AFRICAN LIFE ASSURANCE COMPANY LIMITED - DEALING IN SECURITIES BY DIRECTORS     
  African Life Assurance Company Limited                                          
  (Incorporated in the Republic of South Africa)                                  
  Registration number: 1911/003818/06                                             
  JSE Share Code: AFI                                                             
  ISIN Code: ZAE000000246                                                         
  DEALING IN SECURITIES BY DIRECTORS                                              
  In terms of paragraph 3.63 to 3.65 of the Listings Requirements of the JSE      
  Securities Exchange South Africa (`Listings Requirements`), the following       
  information is disclosed:                                                       
  Director:                          J P Rowse                                    
  Date of transaction:               8 June 2004                                  
  Number of shares acquired:         25000                                        
  Price per share:                   R14.00                                       
  Total value of shares acquired:    R350,000.00                                  
  Class of shares:                   Ordinary                                     
  Nature of transaction:             Purchase of shares                           
  Nature and extent of interest:     Direct interest                              
  Prior written approval in terms of paragraph 3.66 of the Listings Requirements  
  has been obtained.                                                              
  Johannesburg                                                                    
  8 June 2004                                                                     
  Sponsor                                                                         
  Merrill Lynch South Africa (Pty) Limited                                        
  Date: 08/06/2004 05:28:03 PM Produced by the JSE SENS Department                
                                                                                  
                                                                                  
                                                                                  
  



 
 
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