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Wed 22 Dec 2004, 10:53 Dealing In Securities By Company Secretary
Real Africa Holdings Limited - Dealing In Securities By Company Secretary 

Release Date: 22/12/2004 10:45:01      Code(s): RAH        
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              :    45 633                                       
Price                         :    R3.60                                        
Value of transaction          :    R164 278.80                                  
Date of transaction           :    21 December 2004                             
Class of shares               :    Ordinary                                     
Nature of interest            :    Direct beneficial                            
Clearance obtained            :    Yes                                          
Bryanston                                                                       
22 December 2004                                                                
Merchant Bank and Sponsor                                                       
RAND MERCHANT BANK (A division of FirstRand Bank Limited)                       
CORPORATE FINANCE                                                               
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