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Fri 5 Nov 2004, 17:20 MUSTEK LIMITED - DIRECTORS DEALING IN SECURITIES
MUSTEK LIMITED - DIRECTORS DEALING IN SECURITIES                                
MUSTEK  LIMITED                                                                 
Incorporated in the Republic of South Africa                                    
(Registration number 1987/070161/06)                                            
Share Code: MST   ISIN: ZAE000012373                                            
(`Mustek`)                                                                      
DIRECTORS DEALING IN SECURITIES                                                 
In compliance with rule of 3.63 to 3.65 of the JSE Listing Requirements, the    
following should be noted:                                                      
Name of director:                  H Engelbrecht                                
Date of transaction:               4 November 2004                              
Nature of transaction:             Sale of shares                               
Price:                             869 cents per share                          
Number of shares:                  182 550                                      
Class of security:                 Ordinary shares                              
Nature of interest:                Direct, beneficial                           
Clearance obtained:                Yes                                          
Name of director:                  DC Kan                                       
Date of transaction:               4 November 2004                              
Nature of transaction:             Sale of shares                               
Price:                             869 cents per share                          
Number of shares:                  425 000                                      
Class of security:                 Ordinary shares                              
Nature of interest:                Direct, beneficial                           
Clearance obtained:                Yes                                          
Name of director:                  CC Kan                                       
Date of transaction:               5 November 2004                              
Nature of transaction:             CCK Trust has entered into a hedge over a    
                                   portion of its shareholding in Mustek        
                                   Limited.  The hedge comprises of put and call
                                   options (an option collar) and expires on the
following dates:                             
                                   06 March 2006, 06 February 2006, 06 January  
                                   2006.                                        
Price:                             Floor price: R8.60, R8.60, R8.60             
Cap price: R9.06, R8.96, and R8.86           
Number of shares:                  3 000 000                                    
Class of security:                 Ordinary shares                              
Nature of interest:                Indirect, non-beneficial                     
Clearance obtained:                Yes                                          
Purpose of hedging transaction:    Capital raising                              
05 November 2004
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