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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 rule 3.63 to 3.74 of the JSE Listing Requirements, the       
following information is disclosed:                                             
Company Secretary        : Pierre du Plessis                                    
Nature of transaction    : Purchase                                             
Number of shares         : 45 665                                               
Price                    : R3.61                                                
Value of transaction     : R164 850.65                                          
Date of transaction      : 22 December 2004                                     
Class of shares          : Ordinary                                             
Nature of interest       : Direct beneficial                                    
Clearance obtained       : Yes                                                  
Bryanston                                                                       
23 December 2004                                                                
Merchant Bank and Sponsor                                                       
RAND MERCHANT BANK (A division of FirstRand Bank Limited)                       
CORPORATE FINANCE                                                               
Date: 23/12/2004 11:25:18 AM                      
Produced by the JSE SENS Department

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