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Wed 8 Dec 2004, 17:26 Dealings In Securities By Directors
ICC Africa - Dealings In Securities By Directors                                
INDUSTRIAL CREDIT COMPANY AFRICA HOLDINGS LIMITED                               
(Formerly Explorer Corporation Holdings Limited)                                
(Incorporated in the Republic of South Africa)                                  
(Registration number 1997/010950/06)                                            
Share code: ICC       ISIN code: ZAE000053203                                   
(`ICC Africa` or `the company`)                                                 
DEALINGS IN SECURITIES BY DIRECTORS                                             
In compliance with paragraphs 3.63 to 3.74 of the Listings Requirements of the  
JSE Securities Exchange South Africa (`JSE`), the following information is      
disclosed:                                                                      
Name of director:                            Yousef Bazian                      
Date of transaction:                         07 December 2004                   
Number of shares:                            20000                              
Price per share:                             23 cents                           
Total value                                  R4600                              
Class of securities:                         Ordinary shares                    
Nature of transaction:                       Purchase                           
Nature of interest and extent of change:     Beneficial direct (0.02%)          
Clearance for the share purchase was obtained in compliance with paragraph 3.66 
of the JSE Listings Requirements.                                               
Johannesburg                                                                    
07 December 2004                                                                
Sponsor                                                                         
Arcay Corporate Services
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