BELL - DEALING IN SECURITIES BY A DIRECTOR

BELL - DEALING IN SECURITIES BY A DIRECTOR                                      
Bell Equipment Limited                                                          
(Incorporated in the Republic of South Africa)                                  
Registration number 1968/013656/06                                              
Share code: BEL                                                                 
ISIN: ZAE000028304                                                              
("Bell" or "the Company")                                                       
Share dealings by director                                                      
In compliance with Rules 3.63 - 3.74 of the JSE Listing Requirements, the       
following information is disclosed:                                             
Director:                     Mr PJC Horne                                      
Date:                         1 September 2004                                  
Number of shares:             10 000                                            
Price of shares:              Current market value                              
Class of shares:              Ordinary shares                                   
Nature of transaction:        Transfer of shares registered in his own name     
                              into the Jeremy Horne Trust                       
Nature of interest:           Direct beneficial                                 
Clearance:                    Clearance in terms of par. 3.66 of the JSE        
Listings Requirements has been obtained.                                        
Johannesburg                                                                    
1 September 2004                                                                
Sponsor:                                                                        
Investec Bank Limited                                                           
Date: 01/09/2004 09:15:25 AM Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department