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Tue 11 Jan 2005, 9:55 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 ZAE 000040622                                        
(`AVASA`)                                                                       
DEALING IN SECURITIES BY A DIRECTOR                                             
In accordance with the requirements of paragraph 3.63 to 3.65 of the JSE        
Securities Exchange South Africa Listing Requirements, the following information
is provided:                                                                    
Name of director:       Julian Treger                                           
Date of transaction:    6 January 2005                                          
Number of securities:   2 699 736                                               
Class of securities:    Letters of allocation                                   
Price of securities:    5 cents                                                 
Value:                  R134 986.80                                             
Nature:                 Disposal of letters of allocation                       
Interest:               Non beneficial                                          
Name of director:       Julian Treger                                           
Date of transaction:    7 January 2005                                          
Number of securities:   2 173 404                                               
Class of securities:    Letters of allocation                                   
Price of securities:    5 cents                                                 
Value:                  R108 670.20                                             
Nature:                 Disposal of letters of allocation                       
Interest:               Non beneficial                                          
Name of director:       Julian Treger                                           
Date of transaction:    10 January 2005                                         
Number of securities:   8 153 861                                               
Class of securities:    Letters of allocation                                   
Price of securities:    5 cents                                                 
Value:                  R407 693.05                                             
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.              
11 January 2005                                                                 
Rosebank                                                                        
Sponsor                                                                         
Java Capital (Proprietary) Limited
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