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Wed 18 Aug 2004, 15:05 Granting of Share Options to a Director
Prism - Granting of Share Options to a Director                                 
Prism Holdings Limited                                                          
(Incorporated in the Republic of South Africa)                                  
Registration number 1998/018949/06                                              
Share code: PIM                                                                 
ISIN: ZAE000022257                                                              
(`Prism`)                                                                       
Prism Holdings Limited - Granting of Share Options to a Director                
Pursuant to paragraphs 3.63 to 3.74 of the Listings Requirements of the JSE     
Securities Exchange South Africa, Prism hereby gives notice of the following    
share options being granted in terms of the Prism Employee Share Incentive      
Scheme:                                                                         
Director                            :  LF Walters                               
Name of company                     :  Prism Holdings                           
                                       Limited                                  
Date of transaction                 :  18 August 2004                           
Number of ordinary shares              4,212,000                                
Price per share:                       25 cents                                 
Aggregate value                        R1 053 000                               
Strike price                        :  25 cents                                 
Strike dates                        :  1 July 2005                              
Vesting periods                     :  1 July 2005 to                           
                                       1 July 2008                              
Nature of transaction:              :  Granting of                              
                                       additional share                         
                                       options pursuant                         
                                       to LF Walters`                           
board appointment                        
Nature of interest                  :  Direct beneficial                        
Confirmation of clearance           :  Yes                                      
18 August 2004
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