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Thu 30 Sep 2004, 17:56 DEALING IN SECURITIES BY A DIRECTOR
THE AFRIKANDER LEASE LIMITED                                                    
(Incorporated in the Republic of South Africa)                                  
(Registration number 1921/006955/06)                                            
Share code:  AFL      ISIN:  ZAE000000253                                       
DEALING IN SECURITIES BY A DIRECTOR                                             
In compliance with rule 3.63 of the JSE Listings Requirements, the following    
information is disclosed:                                                       
Director:                     N J Froneman                                      
Position held:                Chief Executive Officer                           
Company:                      The Afrikander Lease Limited                      
Date of transaction:          29 September 2004                                 
Number of shares purchased:   500 000                                           
Date of transaction:          30 September 2004                                 
Number of shares purchased:   500 000                                           
Price purchased at:           R1.80 per share                                   
Value of transaction:         R1 800 000                                        
Extent of interest:           Direct beneficial                                 
Share class:                  Ordinary shares                                   
Nature of transaction:        Purchase on the open market                       
Written permission to deal:   Yes                                               
Johannesburg                                                                    
30 September 2004                                                               
Sponsor                                                                         
Nedbank Capital                                                                 
Date: 30/09/2004 05:32:02 PM                      
Produced by the JSE SENS Department                                             
                                                                                
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