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Tourism Investment Corporation Limited - Director Dealings In Shares            
TOURISM INVESTMENT CORPORATION LIMITED                                          
Registration number: 1996/008144/06                                             
Share code: TRT                                                                 
ISIN: ZAE000012472                                                              
(`Tourvest` or `the company`)                                                   
In compliance with Rules 3.63 - 3.74 of the JSE Listing Requirements, the       
following information is disclosed:                                             
Director                      :    Mr I C Meltzer                               
Date of transaction           :    1/03/2005                                    
Number & price of shares      :    114 000 @ R1.40                              
40 000 @ R1.42                               
Class of shares               :    Ordinary                                     
Nature of transaction         :    Sale                                         
Nature of interest            :    Beneficial                                   
Clearance in terms of para 3.66 was obtained.                                   
1 March 2005

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