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Wed 11 Aug 2004, 13:09 Directors Dealing In Securities
Value Group Limited - Directors Dealing In Securities                           
Value Group Limited                                                             
(Incorporated in the Republic of South Africa)                                  
(Registration number 1997/002203/06)                                            
ISIN: ZAE000016507                                                              
Share Code: VLE                                                                 
DIRECTORS DEALING IN SECURITIES                                                 
In compliance with Rules 3.63 - 3.74 of the JSE Listings Requirements, the      
following information is disclosed:                                             
CEO:                     Mr Steven David Gottschalk                             
Number of shares:        23 300 000 Value shares                                
Date of transaction:     11 August 2004                                         
Price per share:         R1,35 per share                                        
Class of shares:         Ordinary                                               
Nature of transaction:   Sale                                                   
Nature of interest:      Indirect non-beneficial                                
Deputy CEO:              Mr Daniel Christoffel Marais                           
Number of shares:        3 000 000 Value shares                                 
Date of transaction:     11 August 2004                                         
Price per share:         R1,35 per share                                        
Class of shares:         Ordinary                                               
Nature of transaction:   Sale                                                   
Nature of interest:      2 470 000 direct beneficial holding; and               
530 000 indirect non-beneficial holding                
Clearance in terms of Rule 3.66 has been obtained by the Chairman.              
11 August 2004
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