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IMR - Dealings In Securities By A Director                                      
IMR INVESTMENTS LIMITED                                                         
Incorporated in the Republic of South Africa                                    
(Registration number 1998/017351/06)                                            
Share code: IMR     ISIN: ZAE000044004                                          
(`IMR`)                                                                         
DEALINGS IN SECURITIES BY A DIRECTOR                                            
In compliance with paragraphs 3.63 to 3.74 (both inclusive) of the Listings     
Requirements of the JSE Securities Exchange South Africa, the following is      
disclosed:                                                                      
Name of director:                  Mr Stanley David Shane                       
Date of transaction:               22 July 2004                                 
Number of securities:              50 000                                       
Price:                             10 cents per share                           
Total value:                       R5 000,00                                    
Class of securities:               Ordinary shares                              
Nature of transaction:             Purchase                                     
Extent of director`s interest:     Indirect beneficial                          
Clearance to deal obtained:        Yes                                          
Johannesburg                                                                    
28 July 2004                                                                    
Sponsor                                                                         
Merchant Sponsors (Proprietary) Limited

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