Cullinan Holdings Limited - Director Dealings

Cullinan Holdings Limited - Director Dealings                                   
CULLINAN HOLDINGS LIMITED                                                       
Code:                         CUL                                               
Share code:                   ZAE000013710                                      
In accordance with the requirements of paragraphs 3.63 to 3.74 of the Listings  
Requirements of the JSE Securities Exchange South Africa, the following should  
be noted:                                                                       
DIRECTOR DEALINGS                                                               
Director:                QA Southey                                             
Date of transaction Number of shares           Price per                        
                                               share (cents)                    
09 February 2005    144 000                    56                               
09 February 2005    2 514                      57                               
10 February 2005    180 000                    55                               
14 February 2005    35 000                     57                               
16 February 2005    100 000                    57                               
17 February 2005    223 800                    55                               
21 February 2005    109 760                    55                               
23 February 2005    3 300                      55                               
24 February 2005    155 400                    54                               
Number of shares:             953 774                                           
Total value:                  R527 212                                          
Class of security:            Ordinary shares                                   
Nature of transaction:        Sale                                              
Extent of interest:           Beneficial                                        
Confirmation of clearance:    Approved 09 February 2005                         
Date: 25/02/2005 11:24:48 AM Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department