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Thu 13 Jan 2005, 9:01 AVASA HOLDINGS LIMITED - DEALING IN SECURITIES BY
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:       Andrew Bonamour                                         
Date of transaction:    12 January 2005                                         
Number of securities:   150 000                                                 
Class of securities:    Letters of allocation                                   
Price of securities:    4 cents                                                 
Value:                  R6 000                                                  
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                                                                        
13 January 2005                                                                 
Sponsor                                                                         
Java Capital (Pty) Limited
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