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Thu 16 Mar 2006, 7:32 Cadiz Holdings Limited - Directors dealing in secu
CDZ
 CDZ                                                                             
Cadiz Holdings Limited - Directors dealing in securities                        
Cadiz Holdings Limited                                                          
(Incorporated in the Republic of South Africa)                                  
(Registration number 1997/007258/06)                                            
Share code:  CDZ & ISIN: ZAE000017661                                           
In compliance with Rules 3.63 - 3.74 of the JSE Listing Requirements, the       
following information is disclosed:                                             
Director:                Erica Bruce                                            
Office held:             Director of major subsidiary of Cadiz Holdings Limited 
Company:                 Cadiz Stock Broking (Pty) Ltd                          
Nature of transaction:   Take up and purchase of shares pursuant to the vesting 
and exercising of options already granted and accepted 
                         in Cadiz                                               
Option strike price:     88 cps                                                 
Date of exercise:        15 March 2006                                          
Number of shares:        60 000                                                 
Vesting date:            1 January 2005 and 1 January 2006                      
Period of vesting:       3 and 4 years                                          
Class of shares:         Ordinary                                               
Nature of interest:      Direct beneficial                                      
Value of transaction:    R52 800                                                
Clearance in terms of paragraph 3.66 has been given by the designated director  
15 March 2006                                                                   
Sponsor: Investec Bank Limited                                                  
Date: 16/03/2006 07:32:47 AM Produced by the JSE SENS Department                
                                                                                
                                                                                
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