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Spanjaard Limited - Dealing in securities by a director                         
Spanjaard Limited                                                               
(Incorporated in the Republic of South Africa)                                  
Registration number 1960/004393/06                                              
Share Code: SPA   ISIN: ZAE000006938                                            
Dealing in securities by a director                                             
In compliance with paragraph 3.63 to 3.74 of the JSE Securities Exchange South  
Africa Listing Requirements, the following information is disclosed:            
Director                  : RJW Spanjaard                                       
Date of transaction       : 5 May 2005                                          
Price per share           : R3,00                                               
Number of shares          : 3 000                                               
Total value               : R9 000,00                                           
Class of securities       : Ordinary shares                                     
Nature of transaction     : Sale                                                
Extent of interest        : Direct, beneficial                                  
Confirmation of clearance : Clearance to deal was granted                       
5 May 2005                                                                      
Johannesburg                                                                    
Sponsor                                                                         
PricewaterhouseCoopers Corporate Finance (Pty) Ltd

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