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Tue 5 Oct 2004, 13:58 Dealing in Securities by Directors
Metropolitan Holdings Ltd - Dealing in Securities by Directors                  
METROPOLITAN HOLDINGS LTD                                                       
(Incorporated in the Republic of South Africa)                                  
Registration number:  2000/031756/06                                            
ISIN:  ZAE000050456                                                             
JSE Share Code:  MET                                                            
NSX Share Code:  MTD                                                            
Dealing in Securities by Directors                                              
In accordance with the requirements of paragraphs 3.63 to 3.74 of the JSE       
Securities Exchange South Africa Listing Requirements (`Listings Requirements`),
the following transaction should be noted:                                      
Director:                          Prof W P Esterhuyse                          
Date of transaction:               1 October 2004                               
Price per share:                   R8-81                                        
Amount:                            40 000 shares                                
Class of security:                 Ordinary shares                              
Nature of transaction:             Purchase                                     
Extent of interest:                Direct                                       
Prior written approval in terms of paragraph 3.66 of the Listings Requirements  
has been obtained.                                                              
Cape Town                                                                       
5 October 2004
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