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Tue 24 May 2005, 11:40 Directors dealing in securities
Intertrading - Directors dealing in securities                                  
INTERTRADING LIMITED                                                            
(Incorporated in the Republic of South Africa)                                  
(Registration number 1987/004777/06)                                            
Share code ITR & ISIN ZAE000015566                                              
(`Intertrading` or `the company`)                                               
DIRECTORS DEALING IN SECURITIES                                                 
In compliance with the requirements of rule 3.63 to 3.65 of the Listings        
Requirements of the JSE Securities Exchange South Africa the following share    
transactions are disclosed:                                                     
Director            :    Mr A J de Kovel                                        
Class               :    Ordinary shares                                        
Date of Transaction :    20 May 2005                                            
No of shares        :    7 797 724                                              
Price               :    50 cents                                               
Total amount        :    R3 898 862                                             
Nature              :    Sale                                                   
Extent of interest  :    Indirect beneficial                                    
Clearance received  :    Yes                                                    
The sale was pursuant to an undertaking made by Mr de Kovel to sell his shares  
to Katope International SA in terms of an offer by Katope International SA to   
acquire shares in Intertrading, which offer was announced on 9 February 2005.   
JOHANNESBURG                                                                    
24 May 2005
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