ERM / SBL - Enterprise Risk Management - Sable Holdings - Further Joint

ERM / SBL - Enterprise Risk Management - Sable Holdings - Further Joint         
                                       Cautionary Announcement                  
Enterprise Risk Management Limited                                              
Incorporated in the Republic of South Africa                                    
(Registration number: 1995/001603/06)                                           
Share code: ERM                                                                 
ISIN: ZAE000037701                                                              
("ERM" or "the company")                                                        
Sable Holdings Limited                                                          
Incorporated in the Republic of South Africa                                    
(Registration number: 1968/010636/06)                                           
("SABLE" or "the company")                                                      
Share code: SBL                                                                 
ISIN: ZAE000006383                                                              
FURTHER JOINT CAUTIONARY ANNOUNCEMENT                                           
Further to the cautionary announcement dated 19 September 2007, shareholders    
are advised that the discussions referred therein are continuing.               
As these discussions may have an effect on the price of the company`s shares,   
shareholders are advised to continue to exercise caution when dealing in their  
ERM and Sable shares until a further announcement is made.                      
31 September 2007                                                               
Johannesburg                                                                    
Corporate advisor and sponsor to ERM and Sable                                  
SASFIN CAPITAL                                                                  
A DIVISION OF SASFIN BANK LIMITED                                               
Date: 31/10/2007 14:05:13 Supplied by www.sharenet.co.za                     
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