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Thu 2 Dec 2004, 17:05 Comair - Dealing In Securities By Directors
Comair - Dealing In Securities By Directors                                     
Comair Limited                                                                  
(Incorporated in the Republic of South Africa)                                  
(Registration number 1967/006783/06)                                            
JSE Share code: COM    ISIN number: ZAE000029823                                
(`Comair` or `the company`))                                                    
DEALING IN SECURITIES BY DIRECTORS                                              
In terms of paragraph 3.63 - 3.74 of the Listings Requirements of the JSE       
Securities Exchange South Africa, the following information, relating to the    
dealing in securities by directors, is disclosed:                               
Executive director       Pieter van Hoven                                       
Director of              Comair                                                 
Transaction date         2 December 2004                                        
                         Options were granted by the company on 1 September 2004
                         at the market price of the share on 31 August 2004 and 
accepted by the director on 2 December 2004            
Number of securities     500 000                                                
Strike price             R0.80 per share                                        
Value of transaction     R400 000                                               
Share Class              Ordinary shares                                        
Nature of transaction    Share options granted in terms of the Comair Share     
                         Incentive Trust and accepted by the director           
Extent of interest       Direct beneficial                                      
Vesting scale            33.1/3% at end of Year 1 from date of grant of option  
                         33.1/3% at end of Year 2 from date of grant of option  
                         33.1/3% at end of Year 3 from date of grant of option  
                         Options expire 10 years from date of the grant of the  
option                                                 
Executive director       Bertrandus Johannes van der Linden                     
Director of              Comair                                                 
Transaction date         2 December 2004                                        
Options were granted by the company on 1 September 2004
                         at the market price of the share on 31 August 2004 and 
                         accepted by the director on 2 December 2004            
Number of securities     100 000                                                
Strike price             R0.80 per share                                        
Value of transaction     R80 000                                                
Share Class              Ordinary shares                                        
Nature of transaction    Share options granted in terms of the Comair Share     
Incentive Trust and accepted by the director           
Extent of interest       Direct beneficial                                      
Vesting scale            33.1/3% at end of Year 1 from date of grant of option  
                         33.1/3% at end of Year 2 from date of grant of option  
33.1/3% at end of Year 3 from date of grant of option  
                         Options expire 10 years from date of the grant of the  
                         option                                                 
Executive director       Erik Rudolph Venter                                    
Director of              Comair                                                 
Transaction date         2 December 2004                                        
                         Options were granted by the company on 1 September 2004
                         at the market price of the share on 31 August 2004 and 
accepted by the director on 2 December 2004            
Number of securities     500 000                                                
Strike price             R0.80 per share                                        
Value of transaction     R400 000                                               
Share Class              Ordinary shares                                        
Nature of transaction    Share options granted in terms of the Comair Share     
                         Incentive Trust and accepted by the director           
Extent of interest       Direct beneficial                                      
Vesting scale            33.1/3% at end of Year 1 from date of grant of option  
                         33.1/3% at end of Year 2 from date of grant of option  
                         33.1/3% at end of Year 3 from date of grant of option  
                         Options expire 10 years from date of the grant of the  
option                                                 
Executive director       Gidon Saul Novick                                      
Director of              Comair                                                 
Transaction date         2 December 2004                                        
Options were granted by the company on 1 September 2004
                         at the market price of the share on 31 August 2004 and 
                         accepted by the director on 2 December 2004            
Number of securities     500 000                                                
Strike price             R0.80 per share                                        
Value of transaction     R400 000                                               
Share Class              Ordinary shares                                        
Nature of transaction    Share options granted in terms of the Comair Share     
Incentive Trust and accepted by the director           
Extent of interest       Direct beneficial                                      
Vesting scale            33.1/3% at end of Year 1 from date of grant of option  
                         33.1/3% at end of Year 2 from date of grant of option  
33.1/3% at end of Year 3 from date of grant of option  
                         Options expire 10 years from date of the grant of the  
                         option                                                 
Executive director       Martin Nicolaas Louw                                   
Director of              Comair                                                 
Transaction date         2 December 2004                                        
                         Options were granted by the company on 1 September 2004
                         at the market price of the share on 31 August 2004 and 
accepted by the director on 2 December 2004            
Number of securities     750 000                                                
Strike price             R0.80 per share                                        
Value of transaction     R600 000                                               
Share Class              Ordinary shares                                        
Nature of transaction    Share options granted in terms of the Comair Share     
                         Incentive Trust and accepted by the director           
Extent of interest       Direct beneficial                                      
Vesting scale            33.1/3% at end of Year 1 from date of grant of option  
                         33.1/3% at end of Year 2 from date of grant of option  
                         33.1/3% at end of Year 3 from date of grant of option  
                         Options expire 10 years from date of the grant of the  
option                                                 
Company secretary        Derek Henry Borer                                      
Director of              Comair                                                 
Transaction date         2 December 2004                                        
Options were granted by the company on 1 September 2004
                         at the market price of the share on 31 August 2004 and 
                         accepted by the director on 2 December 2004            
Number of securities     100 000                                                
Strike price             R0.80 per share                                        
Value of transaction     R80 000                                                
Share Class              Ordinary shares                                        
Nature of transaction    Share options granted in terms of the Comair Share     
Incentive Trust and accepted by the director           
Extent of interest       Direct beneficial                                      
Vesting scale            33.1/3% at end of Year 1 from date of grant of option  
                         33.1/3% at end of Year 2 from date of grant of option  
33.1/3% at end of Year 3 from date of grant of option  
                         Options expire 10 years from date of the grant of the  
                         option                                                 
Johannesburg                                                                    
2 December 2004                                                                 
Sponsor                                                                         
Nedbank Capital                                                                 
Date: 02/12/2004 05:02:30 PM                 
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