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Wed 17 Nov 2004, 15:26 EXERCISE OF OPTIONS BY DIRECTORS
REUNERT LIMITED - EXERCISE OF OPTIONS BY DIRECTORS                              
REUNERT LIMITED                                                                 
(Incorporated in the Republic of South Africa)                                  
(Registration number 1913/004355/06)                                            
ISIN:       ZAE000057428                                                        
Share Code: RLO                                                                 
In compliance with the JSE Securities Exchange South Africa Listings            
Requirements, the following information is disclosed:                           
Director                           :  Mr. B P Gallagher                         
Company                            :  Reunert Limited                           
Date of transaction                :  16 November 2004                          
Nature of transaction              :  Exercise of options                       
Number of securities               :  66 800                                    
Class of securities                :  Ordinary shares                           
Price                              :  R5.45 cents                               
Total value of transaction         :  R364 060.00                               
Nature and extent of                                                            
director`s interest                :  Direct beneficial                         
Clearance obtained                 :  Yes                                       
Director                           :  Mr. G Pretorius                           
Company                            :  Reunert Limited                           
Date of transaction                :  16 November 2004                          
Nature of transaction              :  Exercise of options                       
Number of securities               :  50 000                                    
Class of securities                :  Ordinary shares                           
Price                              :  R5.45 cents                               
Total value of transaction         :  R272 500.00                               
Nature and extent of                                                            
director`s interest                :  Direct beneficial                         
Clearance obtained                 :  Yes                                       
Director                           :  Mr. D J Rawlinson                         
Company                            :  Reunert Limited                           
Date of transaction                :  16 November 2004                          
Nature of transaction              :  Exercise of options                       
Number of securities               :  66 800                                    
Class of securities                :  Ordinary shares                           
Price                              :  R5.45 cents                               
Total value of transaction         :  R364 060.00                               
Nature and extent of                                                            
director`s interest                :  Direct beneficial                         
Clearance obtained                 :  Yes                                       
Director                           :  Mr. G J Oosthuizen                        
Company                            :  Reunert Limited                           
Date of transaction                :  16 November 2004                          
Nature of transaction              :  Exercise of options                       
Number of securities               :  30 000                                    
Class of securities                :  Ordinary shares                           
Price                              :  R15.80 cents                              
Total value of transaction         :  R474 000.00                               
Date of transaction                :  16 November 2004                          
Nature of transaction              :  Exercise of options                       
Number of securities               :  66 800                                    
Class of securities                :  Ordinary shares                           
Price                              :  R5.45 cents                               
Total value of transaction         :  R364 060.00                               
Nature and extent of                                                            
director`s interest                :  Direct beneficial                         
Clearance obtained                 :  Yes                                       
Sandton                                                                         
17 November 2004                                                                
Sponsor                                                                         
RAND MERCHANT BANK (A division of FirstRand Bank Limited)                       
CORPORATE FINANCE
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