NAIL - DEALING IN SECURITIES BY DIRECTORS
NEW AFRICA INVESTMENTS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1993/002467/06)
Share code: NAI and NAN
ISIN: ZAE000033338 and ZAE000033346
(`NAIL` or `the company`)
NEW AFRICA INVESTMENTS LIMITED - DEALING IN SECURITIES BY DIRECTORS
NAIL advises that, in accordance with rules 3.63 to 3.74 of the Listings
Requirements of the JSE Securities Exchange South Africa, it has been informed
of the following reduction in effective interest in NAIL shares:
Directors : G Snelgar and G Chadwick
Nature of transaction : Reduction in effective interest in NAIL shares.
Number of shares : The effective reduction in G Snelgar and G
Chadwick`s indirect holding is as follows:
NAIL `N` NAIL
ordinary ordinary
shares shares
G Snelgar 6 468 799 83 736
G Chadwick 1 331 029 17 230
Date of transaction : 8 June 2004
Nature and extent of
directors` interest : On 8 June 2004, Capricorn Capital Partners
(Proprietary) Limited (`Capricorn`) issued new
shares to a third party equating to a 36.4%
interest in Capricorn, thereby reducing G Snelgar
and G Chadwick`s indirect beneficial interest in
Capricorn to 55.96% of the prior holding.
Subsequent to the new issue of shares by
Capricorn, G Snelgar and G Chadwick`s effective
interest in NAIL shares is as follows:
NAIL `N` NAIL
ordinary ordinary
shares (%) shares
(%)
G Snelgar 9.2 3.5
G Chadwick 1.9 0.7
The NAIL shares beneficially held by Capricorn
represent an indirect beneficial interest of G
Snelgar and G Chadwick.
Transaction price : N/A
Total value of
transaction : N/A
Bryanston
17 September 2004
Sponsor
Investec Bank Limited
Date: 17/09/2004 05:48:07 PM Produced by the JSE SENS Department
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