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Wed 8 Feb 2006, 11:24 Alexander Forbes - Dealing in securities by a dire
AFB
 AFB                                                                             
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)                                            
ISIN: ZAE000018230                                                              
Share code: AFB                                                                 
("Alexander Forbes" or "the Company")                                           
DEALING IN SECURITIES BY A DIRECTOR OF A MAJOR SUBSIDIARY                       
In terms of paragraph 3.63 - 3.65 of the Listings Requirements of the JSE       
Limited, the following information is disclosed:                                
EXECUTIVE DIRECTOR OF SUBSIDIARY:       S I M Braudo                            
DIRECTOR OF:                            Alexander Forbes South Africa Holdings  
                                        (Pty) Limited, Alexander Forbes Group   
                                        (Pty) Limited and Investment Solutions  
                                        Holdings Limited                        
TRANSACTION DATE:                       6 February 2006                         
NO. OF TRUST SHARES EXERCISED:          73 358                                  
AVERAGE OFFER (STRIKE) PRICE:           1441 cents                              
PRICE PER SHARE:                        1633 cents R140 507.23                  
Net proceeds are based on gross proceeds less the loan balance at date of       
exercise. However, the loan balance is based on the original offer price        
multiplied by the number of shares and accumulates interest with dividends being
set off against the loan balance.                                               
CLASS OF SECURITY:                      Ordinary shares                         
EXTENT OF INTEREST:                     Direct beneficial interest              
NATURE OF TRANSACTION:                  Sale of shares by share trust           
                                        participant to the trusts, not on the   
open market                             
CLEARANCE TO DEAL OBTAINED:             Yes                                     
Sandton                                                                         
8 February 2006                                                                 
Sponsor: J.P.Morgan Equities Limited                                            
Date: 08/02/2006 11:24:06 AM Produced by the JSE SENS Department                
                                                                                
                                                                                
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