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Mon 18 Dec 2006, 18:08 CDZ - Cadiz Holdings Limited - Dealing in securiti
CDZ - Cadiz Holdings Limited - Dealing in securities by directors           
    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 of major subsidiary of Cadiz              
                             Holdings Limited                                   
    Company             :    Cadiz Financial Strategists
    (Proprietary) Limited                                                       
    Nature of transaction:   Exercise of options and subsequent sale of shares  
    Option strike price:     88.00cps                                           
    Vesting date:            1 January 2005 and 1 January 2006
    Periods of vesting:      4 and 5 years                                      
    Date of transaction:     15 December 2006                                   
    Number of shares:        223,757                                            
    Price per share:         450.00
    Class of shares:         Ordinary                                           
    Nature of interest:      Direct beneficial                                  
    Value of transaction:    R1,006,906.50                                      
    Clearance in terms of paragraph 3.66 has been given by the nominated
    director.                                                                   
    18 December 2006                                                            
    Sponsor: Investec Bank Limited                                              
Date: 18/12/2006 17:29:02 Produced by the JSE SENS Department.
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