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Thu 17 Mar 2005, 14:13 DEALING IN SECURITIES BY DIRECTORS
CADIZ HOLDINGS LIMITED - DEALING IN SECURITIES BY DIRECTORS                     
Cadiz Holdings Limited                                                          
(Incorporated in the Republic of South Africa)                                  
(Registration number 1997/007258/06)                                            
Share code:  CDZ   ISIN: ZAE000017661                                           
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 (Proprietary) Limited              
Nature of transaction:   Sale of shares                                         
Date of transaction:     17 March 2005                                          
Number of shares:        15 106                                                 
Price per share:         329.82cps                                              
Class of shares:         Ordinary                                               
Nature of interest:      Direct beneficial                                      
Value of transaction:    R49 822.61                                             
Clearance in terms of paragraph 3.66 has been given by the nominated director   
17 March 2005                                                                   
Sponsor: Investec Bank Limited
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