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Tue 29 Mar 2005, 14:53 Dealing In Securities By Directors
Metropolitan Holdings Limited - Dealing In Securities By Directors              
METROPOLITAN HOLDINGS LIMITED                                                   
(Incorporated in the Republic of South Africa)                                  
Registration number:  2000/031756/06                                            
ISIN:  ZAE000050456                                                             
JSE Share Code:  MET                                                            
NSX Share Code:  MTD                                                            
Dealing in Securities by Directors                                              
In accordance with the requirements of paragraphs 3.63 to 3.65 of the JSE       
Securities Exchange South Africa Listings Requirements (`Listings               
Requirements`), the following transaction should be noted:                      
Director:                Mr P E Speckmann                                       
Company:                 Metropolitan Holdings Limited                          
Date of transaction:     24 March 2005                                          
Price:                   R10.46                                                 
Amount:                  253 800                                                
Total value:             R2 654 748                                             
Class:                   Ordinary                                               
Nature of transaction:   Sale                                                   
Extent of interest:      Direct & beneficial (share purchase scheme)            
Prior written approval in terms of paragraph 3.66 of the Listings Requirements  
has been obtained.                                                              
Cape Town                                                                       
29 March 2005                                                                   
Sponsor                                                                         
Merrill Lynch South Africa (Pty) Ltd
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