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Tue 28 Jun 2005, 17:18 DEALING IN SECURITIES BY A DIRECTOR
Alexander Forbes - Dealing In Securities By A Director Of A Major Subsidiary    
Alexander Forbes Limited                                                        
(Incorporated in the Republic of South Africa)                                  
(Registration number 1958/001974/06)                                            
ISIN: ZAE000018230                                                              
Share code: AFB                                                                 
(`Alexander Forbes` or `the Company`)                                           
DEALING IN SECURITIES BY A DIRECTOR OF A MAJOR SUBSIDIARY                       
In terms of paragraph 3.63 - 3.74 of the Listings Requirements of the JSE       
Securities Exchange South Africa, the following information is disclosed:       
EXECUTIVE DIRECTOR OF SUBSIDIARY:  D P C Tennick                                
DIRECTOR OF:                       Investment Solutions Holdings Limited        
TRANSACTION DATE:                  28 June 2005                                 
NO. OF SHARES TRADED:              3 900                                        
PRICE PER SHARE:                   1282.54 cents                                
TOTAL VALUE:                       R50 019.06                                   
CLASS OF SECURITY:                 Ordinary shares                              
EXTENT OF INTEREST:                Direct beneficial                            
NATURE OF TRANSACTION:             Purchase of shares on the open market        
CLEARANCE TO DEAL OBTAINED:        Yes                                          
Sandton                                                                         
28 June 2005                                                                    
Sponsor:                                                                        
JP Morgan Equities                                                              
Date: 28/06/2005 05:07:03 PM       
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