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Wed 2 Feb 2005, 16:03 EXERCISE OF OPTIONS AND DEALINGS BY A
BARNARD JACOBS MELLET HOLDINGS LIMITED - EXERCISE OF OPTIONS AND DEALINGS BY A  
DIRECTOR OF A MAJOR SUBSIDIARY                                                  
BARNARD JACOBS MELLET HOLDINGS LIMITED                                          
(Incorporated in the Republic of South Africa)                                  
(Registration number 1995/004798/06)                                            
Share code: BJM                                                                 
ISIN: ZAE000014262                                                              
(`BJMH`)                                                                        
EXERCISE OF OPTIONS AND DEALINGS BY A DIRECTOR OF A MAJOR SUBSIDIARY            
In compliance with section 3.63 of the Listings Requirements of the JSE         
Securities Exchange South Africa, BJMH advises that options to purchase shares  
have been exercised by a director of a major subsidiary company in the company`s
securities as follows:                                                          
Name of director:             Ashley Dickinson                                  
Name of subsidiary:           Barnard Jacobs Mellet Securities(Pty)Ltd          
Date of transaction:          1 February 2005                                   
Number of securities:         137 000                                           
Class of securities:          Ordinary shares                                   
Price:                        270 cents                                         
Total value:                  R 369 900                                         
Nature of transaction:        Sale                                              
Interest in transaction:      Direct beneficial                                 
Clearance to deal obtained:   Yes                                               
Name of director:             Ashley Dickinson                                  
Name of subsidiary:           Barnard Jacobs Mellet Securities(Pty)Ltd          
Date of transaction:          1 February 2005                                   
Number of options exercised:  137 000                                           
Class of securities:          Ordinary shares                                   
Option strike price:          200 cents                                         
Total value:                  R 274 000                                         
Nature of transaction:        Exercise of share options                         
Interest in transaction:      Direct beneficial                                 
Clearance to deal obtained:   Yes                                               
Johannesburg                                                                    
02 February 2005                                                                
Sponsors:                                                                       
Barnard Jacobs Mellet Corporate Finance (Pty) Limited                           
Deloitte & Touche Sponsor Services (Pty) Ltd
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