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Wed 23 Feb 2005, 17:20 Dealing in securities by a director
Spanjaard Limited - Dealing in securities by a director                         
Spanjaard Limited                                                               
(Incorporated in the Republic of South Africa)                                  
Registration number 1960/004393/06                                              
Share Code: SPA   ISIN: ZAE000006938                                            
Dealing in securities by a director                                             
In compliance with paragraph 3.63 to 3.74 of the JSE Securities Exchange South  
Africa Listing Requirements, the following information is disclosed:            
Director                  : RJW Spanjaard                                       
Date of transaction       : 23 February 2005                                    
Price per share           : R2,25                                               
Number of shares          : 4 000                                               
Total value               : R9 000,00                                           
Class of securities       : Ordinary shares                                     
Nature of transaction     : Purchase                                            
Extent of interest        : Direct, beneficial                                  
Confirmation of clearance : Clearance to deal was granted                       
Date of transaction       : 23 February 2005                                    
Price per share           : R2,30                                               
Number of shares          : 15 253                                              
Total value               : R35 081,90                                          
Class of securities       : Ordinary shares                                     
Nature of transaction     : Purchase                                            
Extent of interest        : Direct, beneficial                                  
Confirmation of clearance : Clearance to deal was granted                       
Date of transaction       : 23 February 2005                                    
Price per share           : R2,35                                               
Number of shares          : 2000                                                
Total value               : R4 700,00                                           
Class of securities       : Ordinary shares                                     
Nature of transaction     : Purchase                                            
Extent of interest        : Direct, beneficial                                  
Confirmation of clearance : Clearance to deal was granted                       
23 February 2005                                                                
Johannesburg                                                                    
Sponsor                                                                         
PricewaterhouseCoopers Corporate Finance (Pty) Ltd                              
Date: 23/02/2005 05:15:02 PM
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