Cautionary Announcements    
             
  Date Published Company Name    
         
  30-Sep-04 AFRICAN PORTLAND INDUSTRIES LIMITED (Until the release of their annual financial results, March 2005) 11-Nov-04  
         
  8-Nov-04 MICC PROPERTY INCOME FUND  20-Dec-04  
         
  9-Dec-04 ELLERINE HOLDINGS LIMITED (Commissioned approval expected before 31 March 2005)    
         
  20-Dec-04 FIRSTRAND LIMITED (Until the release of a publication providing full details of the BEE transaction) 31-Jan-05