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Mon 29 Nov 2004, 15:29 DEALING IN SECURITIES BY COMPANY SECRETARY
AFGRI LIMITED - DEALING IN SECURITIES BY COMPANY SECRETARY                      
AFGRI LIMITED                                                                   
(Registration number: 1995/004030/06)                                           
Share Code: AFR                                                                 
ISIN :      ZAE000040549                                                        
(`AFGRI` or `the company`)                                                      
In compliance with the JSE Securities Exchange South Africa Listings            
Requirements, the following information is disclosed:                           
Company Secretary             :    SL Reynolds                                  
Company                       :    AFGRI Limited                                
Date of transaction           :    25 November 2004                             
Class of Security             :    Ordinary Shares                              
Nature of transaction         :    Sale as a consequence of the accrual and     
                                   implementation of the deferred right to sell 
                                   shares (options allocated and exercised on 15
October 2003 at R5,01 - the market value at  
                                   that date) in terms of the company share     
                                   incentive scheme                             
Number of shares              :    15 000                                       
Selling price                 :    719.74 cents per share                       
Total value of transaction    :    R107 961.00                                  
Nature of interest            :    Direct beneficial                            
Clearance obtained            :    Yes                                          
Johannesburg                                                                    
29 November 2004                                                                
Sponsor                                                                         
RAND MERCHANT BANK (A division of FirstRand Bank Limited)                       
CORPORATE FINANCE                                                               
Date: 29/11/2004 03:25:48 PM                  
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