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Mon 1 Nov 2004, 13:42 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 3.65 of the JSE       
Securities Exchange South Africa Listing Requirements (`Listings Requirements`),
the following transaction should be noted:                                      
Director:                    Mr J E Newbury                                     
Date of transaction:         29 October 2004                                    
Price:                       R8-95                                              
Amount:                      27 000                                             
Class:                       Ordinary                                           
Nature of transaction:       Purchase                                           
Extent of interest:          Indirect                                           
Prior written approval in terms of paragraph 3.66 of the Listings Requirements  
has been obtained.                                                              
Cape Town                                                                       
1 November 2004                                                                 
Sponsor                                                                         
Merrill Lynch South Africa (Pty) Limited
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