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Mon 29 Nov 2004, 14:50 DEALING IN SECURITIES BY DIRECTORS
MATODZI RESOURCES LIMITED - MATODZI DEALING IN SECURITIES BY DIRECTOR           
Matodzi Resources Limited                                                       
(Registration number: 1933/004523/06)                                           
Share code: MTZ                                                                 
ISIN:       ZAE000042412                                                        
DEALING IN SECURITIES BY DIRECTORS OF LISTED COMPANY                            
In compliance with paragraph 3.63 of the Listings Requirements of the JSE       
Securities Exchange South Africa                                                
Director:             M E Mkwanazi (Non Executive Chairman)                     
Name of company:      Matodzi Resources Limited                                 
Date:                 25 November 2004                                          
Price:                40 cents per share                                        
Number of shares:     1,686,391                                                 
Class:                Ordinary shares                                           
Nature:               Purchase / Off-Market                                     
Total consideration:  R674 556,40                                               
Extent of Director`s                                                            
Interest:             Direct and beneficial 970,952 Indirect and non-beneficial 
                      715,438.                                                  
Director:             T Mosololi (Non-executive Director)                       
Name of company:      Matodzi Resources Limited                                 
Date:                 25 November 2004                                          
Price:                40 cents per share                                        
Number of shares:     715,438                                                   
Class:                Ordinary shares                                           
Nature:               Purchase / Off-Market                                     
Total consideration:  R286 175,20                                               
Extent of Director`s                                                            
Interest:             Indirect and non-beneficial.                              
Director:             SM Rasethaba (Chief Executive Officer)                    
Name of company:      Matodzi Resources Limited                                 
Date:                 25 November 2004                                          
Price:                40 cents per share                                        
Number of shares:     894,298                                                   
Class:                Ordinary shares                                           
Nature:               Purchase / Off-Market                                     
Total consideration:  R357 719,20                                               
Extent of Director`s                                                            
Interest:             Indirect and non-beneficial.                              
Clearance to deal received in terms of paragraph 3.66: Obtained.                
Johannesburg                                                                    
29 November 2004                                                                
Sponsor: River Group                                                            
Date: 29/11/2004 02:49:15 PM                     
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