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Tue 1 Mar 2005, 12:30 Dealings In Securities By A Director
IMR - Dealings In Securities By A Director And Cautionary Announcement          
IMR INVESTMENTS LIMITED                                                         
Incorporated in the Republic of South Africa                                    
(Registration number 1998/017351/06)                                            
Share code: IMR     ISIN: ZAE000044004                                          
(`IMR`)                                                                         
DEALINGS IN SECURITIES BY A DIRECTOR AND CAUTIONARY ANNOUNCEMENT                
In compliance with paragraphs 3.63 to 3.74 (both inclusive) of the Listings     
Requirements of the JSE Securities Exchange South Africa, the following is      
disclosed:                                                                      
Name of director                        :    Mr Stanley Shane                   
Date of transaction                     :    28 February 2005                   
Number of securities                    :    10 000 000                         
Price                                   :    9 cents per share                  
Total value                             :    R900 000,00                        
Class of securities                     :    Ordinary shares                    
Nature of transaction                   :    Sale of shares                     
Extent of director`s interest           :    Direct / Indirect beneficial       
Clearance to deal obtained              :    Yes                                
The sale of the shares by Stanley Shane, which in aggregate represent           
approximately one-third of the shares owned and/or controlled by him, is        
pursuant to a broader transaction the details of which are still being finalised
and which will be announced in due course.                                      
Shareholders are advised to exercise caution when trading in their IMR shares   
until such time as such further announcement is made.                           
Johannesburg                                                                    
1 March 2005                                                                    
Sponsor                                                                         
Merchant Sponsors (Proprietary) Limited
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