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REAL AFRICA HOLDINGS LIMITED - DEALING IN SECURITIES BY COMPANY SECRETARY       
REAL AFRICA HOLDINGS LIMITED                                                    
(Incorporated in the Republic of South Africa)                                  
(Registration number 1994/003919/06)                                            
(Share code: RAH)                                                               
(ISIN: ZAE000008702)                                                            
DEALING IN SECURITIES BY COMPANY SECRETARY                                      
In compliance with the JSE Listing Requirements, the following information is   
disclosed:                                                                      
Company Secretary        : Pierre du Plessis                                    
Nature of transaction    : Purchase                                             
Number of shares         : 19 400                                               
Price                    : R3.50                                                
Value of transaction     : R67 900                                              
Date of transaction      : 15 December 2004                                     
Class of shares          : Ordinary                                             
Nature of interest       : Direct beneficial                                    
Clearance obtained       : Yes                                                  
Bryanston                                                                       
20 December 2004                                                                
Merchant Bank and Sponsor                                                       
RAND MERCHANT BANK (A division of FirstRand Bank Limited)                       
CORPORATE FINANCE                                                               
Date: 20/12/2004 03:25:04 PM              
Produced by the JSE SENS Department

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