INTERIM REPORT FOR THE SIX MONTHS ENDED 31 DECEMBER 2004 (UNAUDITED)
   
   
  DIVIDENDS
   
 

In terms of VenFin’s dividend policy, which inter alia states that a dividend will be paid on an annual basis, no dividend is declared for the six months ended 31 December 2004.

Signed on behalf of the Board of Directors.

Johann Rupert Josua Malherbe
Chairman Chief Executive Officer

Stellenbosch
7 March 2005