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Fri 4 Feb 2005, 16:05 EXERCISE OF OPTIONS BY A DIRECTOR
BARNARD JACOBS MELLET HOLDINGS LIMITED - EXERCISE OF OPTIONS BY A DIRECTOR      
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 BY A DIRECTOR                                               
In compliance with section 3.63 to 3.74 of the Listings Requirements of the JSE 
Securities Exchange South Africa, BJMH advises that the following call options  
have been exercised and held by a director of Barnard Jacobs Mellet Holdings    
Limited:                                                                        
Name of director:             SM Mellet                                         
Name of company:              Barnard Jacobs Mellet Holdings Ltd                
Date of transaction:          3 February 2005                                   
Number of options exercised:  33 334                                            
Class of securities:          Ordinary shares                                   
Call option strike price:     200 cents                                         
Call option issue date:       October 1997                                      
Total value:                  R 66 668                                          
Nature of transaction:        Exercise of share options                         
Interest in transaction:      Direct beneficial                                 
Clearance to deal obtained:   Yes                                               
Johannesburg                                                                    
04 February 2005                                                                
Sponsors:                                                                       
Barnard Jacobs Mellet Corporate Finance (Pty) Limited                           
Deloitte & Touche Sponsor Services (Pty) Ltd                                    
Date: 04/02/2005 04:01:27 PM             
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