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Thu 3 Mar 2005, 17:46 Exercise Of Options And Subsequent Sale
Trencor Limited - Exercise Of Options And Subsequent Sale Of Securities By A    
Director                                                                        
TRENCOR LIMITED                                                                 
(Incorporated in the Republic of South Africa)                                  
(Registration number: 1955/002869/06)                                           
ISIN: ZAE000007506                                                              
Share Code: TRE                                                                 
In compliance with rule 3.63 to 3.74 of the Listings Requirements of the JSE    
Securities Exchange South Africa, the following information is disclosed:       
Director                      :    HR van der Merwe                             
Company                       :    Trencor Limited                              
Date of transaction           :    3 March 2004                                 
Nature of transaction         :    Exercise of options                          
Class of securities           :    Ordinary shares                              
Number of options exercised   :    200 000                                      
Option strike price           :    R5,25                                        
Total value of transaction    :    R1 050 000                                   
Nature and extent of                                                            
director`s interest           :    Indirect/beneficial                          
Clearance obtained            :    Yes                                          
Date of transaction           :    3 March 2005                                 
Nature of transaction         :    Sale of securities                           
Number of securities          :    200 000                                      
Class of securities           :    Ordinary shares                              
Selling price                 :    R17,00                                       
Total value of transaction    :    R3 400 000                                   
Nature and extent of                                                            
director`s interest           :    Indirect/beneficial                          
Clearance obtained            :    Yes                                          
Cape Town                                                                       
3 March 2005                                                                    
RAND MERCHANT BANK (A division of FirstRand Bank Limited)                       
CORPORATE FINANCE                                                               
Date: 03/03/2005 05:46:05 PM                      
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