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Mon 20 Mar 2006, 16:18 Cadiz Holdings Limited - Dealing In Securities Of
CDZ
 CDZ                                                                             
Cadiz Holdings Limited - Dealing In Securities Of Cadiz Holdings Limited        
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:                          Phil Sturgess                                
Office held:                       Director of major subsidiary of Cadiz        
                                   Holdings Limited                             
Company:                           Cadiz Asset Management (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 and subsequent 
                                   disposal to settle the debt and tax arising  
on the exercise of options                   
Option strike price:               88 cps                                       
Date of exercise:                  15 March 2006 and 16 March 2006              
Number of options:                 440 372                                      
Vesting date:                      1 July 2003, 1 November 2003                 
Period of vesting:                 5 years and 3 years respectively             
Value of transaction:              R387 527.36                                  
Date of sale:                      20 March 2006                                
Number of shares sold:             227 728                                      
Price per share:                   450.79cps                                    
Value of transaction:              R1 026 575.05                                
Class of shares:                   Ordinary                                     
Nature of interest:                Direct beneficial                            
Clearance in terms of paragraph 3.66 has been given by designated person        
20 March 2006                                                                   
Sponsor: Investec Bank Limited                                                  
Date: 20/03/2006 04:18:28 PM Produced by the JSE SENS Department                
                                                                                
                                                                                
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