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Thu 18 Nov 2004, 8:47 DEALING IN SECURITIES BY DIRECTORS
CADIZ HOLDINGS LIMITED - DEALING IN SECURITIES BY DIRECTORS                     
CADIZ HOLDINGS LIMITED                                                          
(Incorporated in the Republic of South Africa)                                  
(Registration number 1997/007258/06)                                            
Share code:  CDZ   ISIN: ZAE000017661                                           
In compliance with Rules 3.63 - 3.74 of the JSE Listing Requirements, the       
following information is disclosed:                                             
DEALING IN SECURITIES BY DIRECTORS                                              
Director:                Evan Jones                                             
Office held:             Director of major subsidiary of Cadiz Holdings Limited 
Company:                 Cadiz Asset Management(Proprietary) Limited            
Nature of transaction:   Sale of shares                                         
Date of transaction:     17 November 2004                                       
Number of shares:        96 800                                                 
Price per share:         315.0cps                                               
Class of shares:         Ordinary                                               
Nature of interest:      Direct beneficial                                      
Value of transaction:    R304,920.00                                            
Clearance in terms of paragraph 3.66 has been given by the nominated director   
18 November 2004                                                                
Sponsor: Investec Bank Limited                                                  
Date: 18/11/2004 08:34:02 AM      
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