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Fri 12 Aug 2005, 17:18 Alexander Forbes - Dealing In Securities
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)                                            
Share code: AFB                                                                 
ISIN code: ZAE000018230                                                         
(`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       
Limited, the following information is disclosed:                                
EXECUTIVE DIRECTOR OF SUBSIDIARY:  J Percy-Davis                                
DIRECTOR OF:                       Alexander Forbes International Limited       
TRANSACTION DATE:                  12 August 2005                               
NO. OF SHARES:                     458 330                                      
PRICE PER SHARE:                   1400.23 cents                                
OPTION STRIKE PRICE:               999 cents                                    
CLASS OF SECURITY:                 Options and ordinary Shares                  
EXTENT OF INTEREST:                Direct beneficial                            
NATURE OF TRANSACTION:             Vested share options have been exercised     
and thereafter the required number of        
                                   shares based on net settlement as defined    
                                   in the trust deed, being 131 045 shares      
                                   were immediately sold on the open market     
resulting in the net settlement of R1 834    
                                   931.40.                                      
OPTION GRANT DATE:                 1 January 1998                               
CLEARANCE TO DEAL OBTAINED:        Yes                                          
Sandton                                                                         
12 August 2005                                                                  
Sponsors:                                                                       
JP Morgan Equities                                                              
Investec                                                                        
Date: 12/08/2005 05:16:25 PM
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