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Independent Financial Services Ltd - Dealings In Securities By Director         
Independent Financial Services Limited                                          
(Incorporated in the Republic of South Africa)                                  
(Registration number 1950/037061/06)                                            
Share code: IND ISIN code: ZAE000025300                                         
INDEPENDENT FINANCIAL SERVICES LTD - DEALINGS IN SECURITIES BY DIRECTOR         
In accordance with the requirements of paragraph 3.63 to 3.74 of the JSE        
Securities Exchange Listings Requirements, the following should be noted:       
Name of Director        :    JW Simpson                                         
Transaction Date        :    12-04-2005                                         
Class of shares         :    Ordinary                                           
Number of shares        :    27700                                              
Price per share         :    R0.35                                              
Nature of transaction   :    Sale                                               
Nature of interest      :    Direct Beneficial                                  
Approval obtained       :    Yes                                                
Date: 12/04/2005 04:05:49 PM            
Produced by the JSE SENS Department

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