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Tue 4 Jan 2005, 10:06 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:       Andrew Bonamour                                         
Date of transaction:    29 December 2004                                        
Number of securities:   270 000                                                 
Class of securities:    Letters of allocation                                   
Price of securities:    6 cents                                                 
Value:                  R16 200                                                 
Nature:                 Acquisition of letters of allocation                    
Interest:               Non beneficial                                          
Clearance to deal was received in terms of paragraph 3.66 of the JSE Listings   
Requirements.                                                                   
Rosebank                                                                        
4 January 2005                                                                  
Sponsor                                                                         
Java Capital (Pty) Limited                                                      
Date: 04/01/2005 09:59:32 AM         
Produced by the JSE SENS Department                                             
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