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Mon 20 Dec 2004, 18:02 DIRECTORS" DEALINGS IN SECURITIES
TIGER WHEELS LIMITED - DIRECTORS` DEALINGS IN SECURITIES                        
TIGER WHEELS LIMITED                                                            
(INCORPORATED IN THE REPUBLIC OF SOUTH AFRICA)                                  
(REGISTRATION NUMBER 1970/011662/07)                                            
(`TIWHEEL` OR `THE COMPANY`)                                                    
SHARE CODE: TIW               ISIN NUMBER: ZAE000007407                         
DIRECTORS` DEALINGS IN SECURITIES                                               
In compliance with Rules 3.63 to 3.74 of the Listings Requirements of the JSE   
Securities Exchange South Africa (`JSE`), the company hereby advises the        
following dealings by directors in Tiwheel securities:                          
Name of director                        Siegfried F Teichert                    
Name of company of which he is a        Tiwheel                                 
director                                                                        
Date of transaction                     17 December 2004                        
Class of securities                     Ordinary                                
Nature of transaction                   Exercise of options and immediate       
                                        sale thereof                            
Interest                                Direct                                  
Number of securities exercised and sold 200 000                                 
Exercise price of securities            R 7.80                                  
Sale price of securities                R 23.5224                               
Total value of sale                     R 4 704 480                             
Name of director                        Eddie Keizan                            
Name of company of which he is a        Tiwheel                                 
director                                                                        
Date of transaction                     17 December 2004                        
Class of securities                     Ordinary                                
Nature of transaction                   Sale of securities                      
Interest                                Direct                                  
Number of securities                    2 758 523                               
Sale price of securities                R 23.5224                               
Total sale value of sale                R 64 887 081                            
Name of director                        Eddie Keizan                            
Name of company of which he is a        Tiwheel                                 
director                                                                        
Date of transaction                     17 December 2004                        
Class of securities                     Ordinary                                
Nature of transaction                   Sale of securities                      
Interest                                Indirect beneficial                     
Number of securities                    1 841 477                               
Sale price of securities                R 23.5224                               
Total sale value of sale                R 43 315 959                            
Name of director                        Martin B Glatt                          
Name of company of which he is a        Tiwheel                                 
director                                                                        
Date of transaction                     17 December 2004                        
Class of securities                     Ordinary                                
Nature of transaction                   Sale of securities                      
Interest                                Indirect non-beneficial                 
Number of securities                    4 471 668                               
Sale price of securities                R 23.5224                               
Total sale value of sale                R 105 184 363                           
Name of director                        Martin B Glatt                          
Name of company of which he is a        Tiwheel                                 
director                                                                        
Date of transaction                     17 December 2004                        
Class of securities                     Ordinary                                
Nature of transaction                   Sale of an American call option         
                                        exercisable on or before 30 April       
2005                                    
Interest                                Indirect non-beneficial                 
Number of securities                    1 800 000                               
Exercise price of option                R 25.00                                 
In line with Tiwheel corporate governance principles and in terms of Rule 3.66  
of the JSE Listings Requirements, prior clearance to deal in the above          
securities has been obtained from the board.                                    
Johannesburg                                                                    
20 December 2004                                                                
SPONSOR                                                                         
SASFIN CORPORATE FINANCE                                                        
A DIVISION OF SASFIN BANK LIMITED
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