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Thu 7 Oct 2004, 17:09 ACCEPTANCE OF OFFER BY DIRECTOR
Venfin Limited - ACCEPTANCE OF OFFER BY DIRECTOR                                
VENFIN LIMITED                                                                  
(Incorporated in the Republic of South Africa)                                  
(Registration number 1948/031037/06)                                            
Share Code: VNF                                                                 
ISIN: ZAE000026498                                                              
(`VenFin`)                                                                      
In compliance with rule 3.63 to 3.74 of the JSE Securities Exchange South Africa
Listings Requirements, the following information is disclosed:                  
Director                      :    Josua Malherbe                               
Company                       :    VenFin                                       
Date of transaction           :    7 October 2004                               
Nature of transaction         :    Acceptance of offer granted on               
                                   15 September to participate in the           
                                   VenFin Share Scheme                          
Class of securities           :    Ordinary shares                              
Number of securities          :    211 615                                      
Offer price                   :    R21-01                                       
Acceptance price              :    R21-30                                       
Vesting                       :    One-third commencing from end of third       
                                   year period. Second-third commencing from end
                                   of fourth year period and last third         
                                   commencing from the end of the fifth year    
period.                                      
Nature and extent of                                                            
director`s interest           :    Direct beneficial                            
Stellenbosch                                                                    
7 October 2004                                                                  
Sponsor                                                                         
RAND MERCHANT BANK (A division of FirstRand Bank Limited)                       
CORPORATE FINANCE
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