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Wed 18 Aug 2004, 17:17 Dealing In Securities Of Cadiz Holdings Limited
Cadiz Holdings Limited - Dealing In Securities Of Cadiz Holdings Limited        
  Cadiz Holdings Limited                                                          
  (Incorporated in the Republic of South Africa)                                  
  (Registration number 1997/007258/06)                                            
  Share code:  CDZ   ISIN: ZAE000017661                                           
  DEALING IN SECURITIES OF CADIZ HOLDINGS LIMITED                                 
  In compliance with Rules 3.63 - 3.74 of the JSE Listing Requirements, the       
  following information is disclosed:                                             
  Director:                Ram Barkai                                             
  Office held:             Director of major subsidiary of Cadiz Holdings Limited 
  Company:                 Cadiz Special Projects Limited                         
  Nature of transaction:   Take up and purchase of shares pursuant to the vesting 
                           and exercising of options   already granted and        
                           accepted in Cadiz                                      
  Option strike price:     120 cps                                                
  Date of exercise:        18 August 2004                                         
  Number of shares:        900 000                                                
  Vesting date:            26 June 2004                                           
  Period of vesting:       3 years                                                
  Class of shares:         Ordinary                                               
  Nature of interest:      Direct beneficial                                      
  Value of transaction:    R1 080 000                                             
  Clearance in terms of paragraph 3.66 has been given by RFG Cadiz the designated 
  director                                                                        
  18 August 2004                                                                  
  Sponsor: Investec Bank Limited                                                  
  Date: 18/08/2004 05:12:34 PM Produced by the JSE SENS Department                
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