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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                                   
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              :    04-07-2005                                   
Class of shares               :    Ordinary                                     
Number of shares              :    2500                                         
Price per share               :    R0.33                                        
Nature of transaction         :    Purchase                                     
Nature of interest            :    Direct Beneficial                            
Approval obtained             :    Yes                                          
8 July 2005

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