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Wed 6 Jul 2005, 14:32 Alexander Forbes Limited - Dealings In Securities
Alexander Forbes Limited - Dealings In Securities By Directors                  
Alexander Forbes Limited                                                        
(Incorporated in the Republic of South Africa)                                  
(Registration number 1958/001974/06)                                            
Share code: AFB                                                                 
ISIN code: ZAE000018230                                                         
DEALINGS IN SECURITIES BY DIRECTORS                                             
In terms of paragraph 3.63 - 3.65 of the Listings Requirements of the JSE       
Securities Exchange South Africa, the following information is disclosed:       
1.   NAME OF DIRECTOR:             R I Gordon (Group Chief Executive)           
     DIRECTOR OF:                  Alexander Forbes Limited                     
TRANSACTION DATE:             5 July 2005                                  
     NUMBER OF SHARES TRADED:      85 000                                       
     AVERAGE PRICE PER SHARE:      1287.5 cents                                 
     TOTAL VALUE:                  R1 094 375                                   
CLASS OF SECURITY:            Ordinary shares                              
     NATURE OF TRANSACTION:        Purchase of shares on the open market in     
                                   terms of a restricted share award approved by
                                   the Remuneration Committee                   
EXTENT OF INTEREST:           Indirect and beneficial (subject to          
                                   restrictions imposed by the Alexander Forbes`
                                   Remuneration Committee on sale of the shares)
     CLEARANCE TO DEAL OBTAINED:   Yes                                          
2.   NAME OF DIRECTOR:             M G Ilsley (Group Finance Director)          
     DIRECTOR OF:                  Alexander Forbes Limited                     
     TRANSACTION DATE:             5 July 2005                                  
     NUMBER OF SHARES TRADED:      47 500                                       
AVERAGE PRICE PER SHARE:      1283 cents                                   
     TOTAL VALUE:                  R609 425                                     
     CLASS OF SECURITY:            Ordinary shares                              
     NATURE OF TRANSACTION:        Purchase of shares on the open market in     
terms of a restricted share award approved by
                                   the Remuneration Committee                   
     EXTENT OF INTEREST:           Direct and beneficial (subject to            
                                   restrictions imposed by the Alexander Forbes`
Remuneration Committee on sale of the shares)
     CLEARANCE TO DEAL OBTAINED:   Yes                                          
Sandton                                                                         
6 July 2005                                                                     
Joint Sponsors:                                                                 
JP Morgan Equities Limited                                                      
Investec                                                                        
Date: 06/07/2005 02:28:09 PM     
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