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Thu 3 Nov 2005, 17:02 Merafe Resources Limited - Directors dealings in s
Merafe Resources Limited - Director"s dealings in securities                    
Merafe Resources Limited                                                        
(Formerly South African Chrome & Alloys Limited)                                
(Incorporated in the Republic of South Africa)                                  
(Registration number 1987/003452/06                                             
Share Code: MRF & ISIN NO: ZAE000060000                                         
("Merafe Resources" or "the Company")                                           
DIRECTOR"S DEALINGS IN SECURITIES                                               
In compliance with paragraphs 3.63 to 3.74 of the Listings Requirements of the  
JSE Limited, the following information is disclosed:                            
Director                      :    S.P. Elliot                                  
Company                       :    Merafe Resources Limited                     
Number of securities,                                                           
nature of holding, date                                                         
and price of transaction        :         150 000 Nil paid letters (direct      
beneficial) on 18 October 2005 at 2 cents each  
                                :         50 000 Nil paid letters (indirect     
                                beneficial - held by D.E. Elliot, spouse of     
                                S.P. Elliot) on 18 October 2005 at 2 cents each 
:         350 000 Nil paid letters (direct      
                                beneficial) on 19 October 2005 at 2 cents each  
                                :         590 610 Nil paid letters (indirect    
                                beneficial - held by D.E. Elliot, spouse of     
S.P. Elliot) on 19 October 2005 at 2 cents each 
                                :         447 236 Nil paid letters (direct      
                                beneficial) on 2 November 2005 at 1 cent each   
                                :         4 249 134 Nil paid letters (indirect  
beneficial - held by D.E. Elliot, spouse of     
                                S.P. Elliot) on 2 November 2005 at 1 cent each  
Nature of transaction         : Sale of securities                              
Class of securities           : Nil paid letters                                
Total value of transactions   : R69 447,02                                      
Clearance obtained            : Yes                                             
Johannesburg                                                                    
3 November 2005                                                                 
Sponsor                                                                         
Absa Corporate and Merchant Bank - Corporate Finance                            
Date: 03/11/2005 05:02:04 PM Produced by the JSE SENS Department                
                                                                                
                                                                                
                                                                                
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