BCF - Bowler Metcalf - Dealing in Securities by Directors

BCF - Bowler Metcalf - Dealing in Securities by Directors                       
Bowler Metcalf Limited                                                          
(Incorporated in the Republic of South Africa)                                  
REG NO:  1972/005921/06                                                         
SHARE CODE: BCF                                                                 
ISIN CODE:  ZAE000030797                                                        
("Bowler Metcalf" or "the Company")                                             
DEALING IN SECURITIES BY DIRECTORS                                              
In terms of paragraph 3.63 - 3.74 of the Listing Requirements of the JSE        
Limited, the following information, relating to the dealing in securities by    
directors, is disclosed:                                                        
Director                     M Brain                                            
Transaction date             22 December 2006                                   
Class of securities          Ordinary shares                                    
Disposal Price               700 cents                                          
Number of securities         1 000 000                                          
Total value                  R7 000 000 - 00                                    
Nature of transaction        Disposal                                           
Extent of interest           Direct beneficial                                  
Clearance to deal obtained   Yes                                                
                                                                                
Cape Town                                                                       
27 December 2006                                                                
Sponsor                                                                         
Vunani Corporate Finance (Pty) Limited                                          
Date: 27/12/2006 16:40:21 Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department.