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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 rule 3.63 to 3.74 of the JSE Listing Requirements, the       
following information is disclosed:                                             
Company Secretary             : Pierre du Plessis                               
Nature of transaction         : Purchase                                        
Number of shares              : 8 545                                           
Price                         : R3.85                                           
Value of transaction          : R32 898.25                                      
Date of transaction           : 19 January 2005                                 
Class of shares               : Ordinary                                        
Nature of interest            : Direct beneficial                               
Clearance obtained            : Yes                                             
Bryanston                                                                       
20 January 2005                                                                 
Merchant Bank and Sponsor                                                       
RAND MERCHANT BANK (A division of FirstRand Bank Limited)                       
CORPORATE FINANCE                                                               
Date: 20/01/2005 11:21:09 AM 
Produced by the JSE SENS Department                                             

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