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Thu 17 Jun 2004, 12:38 REUNERT LIMITED - EXERCISE OF OPTIONS BY DIRECTORS
REUNERT LIMITED - EXERCISE OF OPTIONS BY DIRECTORS                              
Reunert Limited                                                                 
(Incorporated in the Republic of South Africa)                                  
(Registration number 1913/004355/06)                                            
ISIN: ZAE000005914                                                              
JSE Share Code: RLO                                                             
(`Reunert`)                                                                     
EXERCISE OF OPTIONS BY DIRECTORS                                                
In compliance with the JSE Securities Exchange South Africa Listings            
Requirements, the following information is disclosed:                           
Director:                          G Pretorius                                  
Company:                           Reunert                                      
Date of transaction:               15 June 2004                                 
Nature of transaction:             Exercise of options                          
Class of securities:               Options in respect of ordinary shares        
Number of options exercised:       33 300                                       
Option strike price:               R14.10                                       
Option strike date:                This tranche is exercisable any time between 
                                   1 February 2004 and 1 February 2011          
Vesting:                           On exercise of the options                   
Total value of transaction:        R469 530                                     
Nature and extent of                                                            
Director`s interest:               Direct beneficial                            
Clearance obtained:                Yes                                          
Director:                          D J Rawlinson                                
Company:                           Reunert                                      
Date of transaction:               15 June 2004                                 
Nature of transaction:             Exercise of options                          
Class of securities:               Options in respect of ordinary shares        
Number of options exercised:       16 600                                       
Option strike price:               R14.10                                       
Option strike date:                This tranche is exercisable any time between 
                                   1 February 2004 and 1 February 2011          
Vesting:                           On exercise of the options                   
Total value of transaction:        R234 060                                     
Nature and extent of                                                            
Director`s interest:               Direct beneficial                            
Clearance obtained:                Yes                                          
Sandton                                                                         
17 June 2004                                                                    
Sponsor                                                                         
RAND MERCHANT BANK (A division of FirstRand Bank Limited)                       
CORPORATE FINANCE
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