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Fri 24 Nov 2006, 10:35 Safic Holdings - Designated adviser dealing in sec
SIC
 SIC                                                                             
Safic Holdings - Designated adviser dealing in securities                       
SAFIC HOLDINGS LIMITED                                                          
(Incorporated in the Republic of South Africa)                                  
(Registration number 2004/029691/06)                                            
(JSE Share code: SIC & ISIN: ZAE000088068)                                      
("SAFIC Holdings" or "the company")                                             
Designated Adviser Dealing In Securities                                        
In compliance with rule of 21.30 read with rules of 3.63 to 3.65 of the JSE     
Listing Requirements, the following should be noted:                            
Name of person at designated advisor:   M Meyer                                 
Date of transaction:                    23 November 2006                        
Nature of transaction:                  Purchase                                
Price:                                  100 cps                                 
Number of shares:                       20 000                                  
Total amount:                           R20 000-00                              
Class of security:                      Ordinary Shares                         
Nature of interest:                     Indirect Non Beneficial                 
Clearance obtained:                     Yes                                     
24 November 2006                                                                
Johannesburg                                                                    
Designated Advisor:                                                             
Exchange Sponsors (Pty) Ltd                                                     
Warning: The listing of ordinary shares in the company is on ALTx.  Investors   
are advised of the risks of investing in a company listed on ALTx. Investors are
advised that the JSE does not guarantee the viability or the success of a       
company listed on ALTx.  In terms of the Listings Requirements, the company is  
obliged to appoint and retain a Designated Adviser, which is required to, inter 
alia, attend all board meetings held by the company to ensure that all the      
Listings Requirements and applicable regulations are complied with, approve the 
Financial Director of the company and guide the company in a competent,         
professional and impartial manner.  If the company fails to retain a Designated 
Adviser, it must make arrangements to appoint a new Designated Adviser within 10
business days, failing which the company faces suspension of trading of its     
securities.  If a Designated Adviser is not appointed within 30 days of its     
suspension, the company faces the termination of its listing without the        
prospect of an appropriate offer to minority shareholders.                      
Date: 24/11/2006 10:35:04 AM Produced by the JSE SENS Department                
                                                                                
                                                                                
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