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Mon 15 May 2006, 7:41 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:                     Thabo Tembo                                       
Office held:                  Director Cadiz Financial Strategists (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                                          
Option strike price:          88 cps                                            
Date of exercise:             12 May 2006                                       
Number of options:            85 000                                            
Vesting date:                 1 January 2005                                    
Period of vesting:            3 years                                           
Value of transaction:         R74 800.00                                        
Date of sale:                 12 May 2006                                       
Number of shares sold:        85 000                                            
Price per share:              415cps                                            
Value of transaction:         R352 750.00                                       
Class of shares:              Ordinary                                          
Nature of interest:           Direct beneficial                                 
Clearance in terms of paragraph 3.66 has been given by designated person        
12 March 2006                                                                   
Sponsor: Investec Bank Limited                                                  
Date: 15/05/2006 07:41:23 AM Produced by the JSE SENS Department                
                                                                                
                                                                                
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