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Mon 3 Jan 2005, 9:14 DEALING IN SECURITIES BY A DIRECTOR
AVASA HOLDINGS LIMITED - DEALING IN SECURITIES BY A DIRECTOR                    
AVASA HOLDINGS LIMITED                                                          
Incorporated in the Republic of South Africa)                                   
(Registration number 1998/013637/06)                                            
Share code:  AVA       ISIN Code:  ZAE000040622                                 
(`AVASA`)                                                                       
DEALING IN SECURITIES BY A DIRECTOR                                             
In accordance with the requirements of paragraph 3.63 to 3.74 of the JSE        
Securities Exchange South Africa Listing Requirements, the following information
is provided:                                                                    
Name of director:                       Julian Treger                           
Date of transaction:                    24 December 2004                        
Number of securities:                   1 510 000                               
Class of securities:                    Letters of allocation                   
Price of securities:                    5 cents                                 
Value:                                  R75 500                                 
Nature:                                 Disposal of letters of allocation       
Interest:                               Non beneficial                          
Name of director:                       Julian Treger                           
Date of transaction:                    28 December 2004                        
Number of securities:                   2 500 000                               
Class of securities:                    Letters of allocation                   
Price of securities:                    5,4 cents                               
Value:                                  R135 000                                
Nature:                                 Disposal of letters of allocation       
Interest:                               Non beneficial                          
Name of director:                       Julian Treger                           
Date of transaction:                    29 December 2004                        
Number of securities:                   4 008 582                               
Class of securities:                    Letters of allocation                   
Price of securities:                    6 cents                                 
Value:                                  R240 514.92                             
Nature:                                 Disposal of letters of allocation       
Interest:                               Non beneficial                          
Clearance to deal was received in terms of paragraph 3.66 of the JSE Listings   
Requirements. The letters of allocation were disposed of pursuant to a          
contractual undertaking by Julian Treger not to follow his rights.              
3 January 2005                                                                  
Rosebank                                                                        
Date: 03/01/2005 08:59:21 AM
Produced by the JSE SENS Department
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