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Tue 15 Mar 2005, 17:41 Dealing In Securities
Cadiz Holdings Limited - Dealing In Securities                                  
Cadiz Holdings Limited                                                          
Incorporated in the Republic of South Africa)                                   
Registration number 1997/007258/06)                                             
Share code:  CDZ   ISIN: ZAE000017661                                           
DEALING IN SECURITIES OF CADIZ HOLDINGS LIMITED                                 
In compliance with Rules 3.63 - 3.74 of the JSE Listing Requirements, the       
following information is disclosed:                                             
Director:                James Walsh                                            
Office held:             Director of major subsidiary of Cadiz Holdings Limited 
Company:                 Cadiz Stock Broking (Pty) Limited                      
Nature of transaction:   Take up and purchase of shares pursuant to the vesting 
                         and exercising of options already granted and accepted 
                         in Cadiz and subsequent disposal to settle the debt    
                         arising on the exercise of options                     
Option strike price:     88 cps                                                 
Date of exercise:        15 March 2005                                          
Number of options:       119 790                                                
Vesting date:            1 October 2002                                         
Period of vesting:       4 years                                                
Value of transaction:    R105 415.20                                            
Number of shares sold:   32 942                                                 
Price per share:         320 cps                                                
Value of transaction:    R105 415.20                                            
Class of shares:         Ordinary                                               
Nature of interest:      Direct beneficial                                      
Clearance in terms of paragraph 3.66 has been given by designated person        
Director:                Darren Simpson                                         
Office held:             Director of major subsidiary of Cadiz Holdings Limited 
Company:                 Cadiz Stock Broking (Pty) Limited                      
Nature of transaction:   Take up and purchase of shares pursuant to the vesting 
and exercising of options already granted and accepted 
                         in Cadiz and subsequent disposal to settle the debt    
                         arising on the exercise of options                     
Option strike price:     88 cps                                                 
Date of exercise:        15 March 2005                                          
Number of options:       125 758                                                
Vesting date:            1 October 2002                                         
Period of vesting:       4 years                                                
Value of transaction:    R110 667.04                                            
Number of shares sold:   34 583                                                 
Price per share:         320 cps                                                
Value of transaction:    R110 667.04                                            
Class of shares:         Ordinary                                               
Nature of interest:      Direct beneficial                                      
Clearance in terms of paragraph 3.66 has been given by designated person        
16 March 2005                                                                   
Sponsor:                                                                        
Investec Bank Limited                                                           
Date: 15/03/2005 05:38:06 PM                 
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