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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 the JSE Listing Requirements, the following information is   
disclosed:                                                                      
Company Secretary           : Pierre du Plessis                                 
Nature of transaction       : Purchase                                          
Number of shares            : 15 000                                            
Purchase price              : R3.90                                             
Value of transaction        : R58 500.00                                        
Date of transaction         : 4 January 2005                                    
Class of shares             : Ordinary                                          
Nature of interest          : Direct beneficial                                 
Clearance obtained          : Yes                                               
Bryanston                                                                       
5 January 2005                                                                  
Sponsor                                                                         
RAND MERCHANT BANK                                                              
(A division of FirstRand Bank Limited)                                          
CORPORATE FINANCE

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