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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                                      
DEALINGS IN SECURITIES BY DIRECTOR                                              
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         :    04-11-2005                                        
Class of shares          :    Ordinary                                          
Number of shares         :    25000                                             
Price per share          :    R0.25                                             
Nature of transaction    :    Sale                                              
Nature of interest       :    Direct Beneficial                                 
Approval obtained        :    Yes                                               
7 November 2005                                                                 
Date: 07/11/2005 10:34:06 AM Produced by the JSE SENS Department                
                                                                                
                                                                                

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