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Mon 16 Aug 2004, 16:00 Dealing In Securities By Director
Matodzi Resources Limited - Dealing In Securities By Director                   
  Matodzi Resources Limited                                                       
  Registration number: 1933/004523/06                                             
  Share code: MTZ                                                                 
  ISIN: ZAE000042412                                                              
  DEALING IN SECURITIES BY DIRECTORS OF LISTED COMPANY                            
  In compliance with paragraph 3.63 of the Listings Requirements of the JSE       
  Securities Exchange South Africa.                                               
  Director:              M E Mkwanazi (Non executive director)                    
  Name of company:       Matodzi Resources Limited                                
  Date:                  12 August 2004                                           
  Price:                 40 cents per share                                       
  Number of shares:      500                                                      
  Class:                 Ordinary shares                                          
  Nature:                Purchase                                                 
  Total consideration:   R 200,00                                                 
  Extent of Director`s                                                            
  Interest:              Direct and beneficial.                                   
  Clearance to deal received in terms of paragraph 3.66: Obtained.                
  Johannesburg                                                                    
  16 August 2004                                                                  
  Sponsor: River Group                                                            
  Date: 16/08/2004 03:55:03 PM Produced by the JSE SENS Department
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