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Mon 26 Jul 2004, 16:51 DECLARATION OF SPECIAL DIVIDEND
NEW AFRICA INVESTMENTS LIMITED - DECLARATION OF SPECIAL DIVIDEND                
NEW AFRICA INVESTMENTS LIMITED                                                  
(Incorporated in the Republic of South Africa)                                  
(Registration number 1993/002467/06)                                            
Share code: NAI and NAN                                                         
ISIN: ZAE000033338 and ZAE0000033346                                            
(`NAIL`)                                                                        
DECLARATION OF SPECIAL DIVIDEND                                                 
Notice is hereby given that a special dividend of 112 cents per share has been  
declared payable to NAIL ordinary shareholders and NAIL `N` shareholders        
recorded in the register at the close of business on Friday, 20 August 2004 in  
accordance with the following timetable:                                        
                                      2004                                      
Last day to trade cum the dividend    Friday 13 August                          
Shares commence trading ex the        Monday 16 August                          
dividend                                                                        
Record date                           Friday 20 August                          
Payment date                          Monday 23 August                          
Share certificates may not be dematerialised or rematerialised between Monday,  
16 August 2004 and Friday, 20 August 2004, both days inclusive.                 
On Monday, 23 August 2004, the dividend will be electronically transferred to   
the bank accounts of all certificated shareholders where this facility has been 
mandated.  Where this has not been mandated, cheques dated 23 August 2004 will  
be posted on that date. Shareholders who have dematerialised their share        
certificates will have their accounts, which are held at their CSDP`s or        
brokers, credited on Monday, 23 August 2004.                                    
By order of the Board                                                           
Bryanston                                                                       
26 July 2004                                                                    
Merchant bank                      Sponsor                                      
Investec Bank Limited              Investec Bank Limited                        
Investec Corporate Finance                                                      
Date: 26/07/2004 04:45:06 PM                    
Produced by the JSE SENS Department                                             
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