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Wed 31 Jan 2007, 15:50 AFB - Alexander Forbes Limited - Dealing in securi
AFB
 AFB                                                                             
AFB - Alexander Forbes Limited - Dealing in securities                          
Alexander Forbes Limited                                                        
(Incorporated in the Republic of South Africa)                                  
(Registration number 1958/001974/06)                                            
ISIN: ZAE000018230 & Share code: AFB                                            
("Alexander Forbes" or "the Company")                                           
DEALING IN SECURITIES BY A DIRECTOR OF A MAJOR SUBSIDIARY                       
In terms of paragraph 3.63 - 3.65 of the Listings Requirements of the JSE       
Limited, the following information is disclosed:                                
EXECUTIVE DIRECTOR OF SUBSIDIARY:    A Weinstein                                
DIRECTOR OF:                         Investment Solutions Holdings Limited      
TRANSACTION DATE:                    30 January 2007                            
NO. OF OPTIONS EXERCISED:            64 893                                     
STRIKE PRICE:                        930 cents                                  
PRICE PER SHARE:                     1604 cents                                 
CLASS OF SECURITY:                   Options and Ordinary shares                
EXTENT OF INTEREST:                  Direct beneficial interest                 
NATURE OF TRANSACTION:               Vested share options have been             
                                    exercised and the required number of        
shares based on net settlement as           
                                    defined in the trust deed, being 27         
                                    194 shares, were immediately sold on        
                                    the open market resulting in the net        
settlement of R434 997.05.                  
OPTION GRANT DATE:                   01 April 2002                              
OPTIONS:                             Options vest over five years, at 25%       
                                    per annum, starting on the second           
anniversary of the offer date.              
CLEARANCE TO DEAL OBTAINED:          Yes                                        
Sandton                                                                         
29 January 2007                                                                 
Sponsor                                                                         
JPMorgan Equities Limited                                                       
Date: 31/01/2007 15:50:01 Produced by the JSE SENS Department.
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