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Fri 12 Nov 2004, 15:03 DEALING IN SECURITIES BY A DIRECTOR
BEARING MAN LIMITED - DEALING IN SECURITIES BY A DIRECTOR                       
BEARING MAN LIMITED                                                             
Incorporated in the Republic of South Africa                                    
(Registration number: 1955/002109/06)                                           
Share code: BRM                                                                 
ISIN:      ZAE000001137                                                         
(`Bearing Man`)                                                                 
DEALING IN SECURITIES BY A DIRECTOR                                             
In terms of paragraph 3.63 - 3.65 of the JSE Securities Exchange South Africa   
Listings Requirements, the following information, relating to dealing in        
securities by a director is disclosed.                                          
Non-executive director:            Mr RE Sherrell                               
Director of:                       Bearing Man                                  
Number of shares sold:             9 800 on 9 November 2004                     
                                   82 700 on 10 November 2004                   
7 800 on 11 November 2004                    
Price sold at:                     R6.50                                        
Total value:                       R 651 950.00                                 
Share class:                       Ordinary shares                              
Nature of transaction:             Sale of shares on the open market            
Extent of interest:                Indirect non-beneficial                      
Clearance to deal obtained:        No                                           
Johannesburg                                                                    
12 November 2004                                                                
Investment bank & Sponsor                                                       
Nedbank Capital
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