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Spanjaard Limited - Dealing in securities by directors

Release Date: 10/05/2002 15:39:56      Code(s): SPA
In compliance with rule 3.72 of the JSE Listing Requirements, the following
information is disclosed:
Director                 :    R J W Spanjaard (Executive Director)
Date of transaction      :    10 May 2002
Number of shares sold    :    5 000 ordinary shares
Price sold at            :    R1,65 per ordinary share
Nature of transaction    :    Sale of shares on open
Extent of interest       :    Direct beneficial

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