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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 Limited
Listings Requirements, the following should be noted:                           
Name of Director         :    JW Simpson                                        
Transaction Date         :    26-10-2005                                        
Class of shares          :    Ordinary                                          
Number of shares         :    400                                               
Price per share          :    R0.12                                             
Nature of transaction    :    Purchase                                          
Nature of interest       :    Direct Beneficial                                 
Approval obtained        :    Yes                                               
27 October 2005                                                                 
Date: 27/10/2005 01:01:02 PM Produced by the JSE SENS Department                
                                                                                
                                                                                

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