NAMPAK - FURTHER CAUTIONARY ANNOUNCEMENT

NAMPAK LIMITED
("NAMPAK")
FURTHER CAUTIONARY ANNOUNCEMENT

FURTHER TO THE CAUTIONARY ANNOUNCEMENT DATED 5 AUGUST 1998, SHAREHOLDERS ARE
ADVISED THAT AN AGREEMENT IN PRINCIPLE HAS BEEN REACHED WITH CROWN CORK & SEAL
COMPANY, INC. ("CCK") OF THE USA IN TERMS OF WHICH NAMPAK AND CCK WILL MERGE
THEIR METAL PACKAGING BUSINESSES IN SOUTH AFRICA IN ORDER TO ACHIEVE WORLD
CLASS STANDARDS AND MEET INTERNATIONAL COMPETITION.  NAMPAK WILL HAVE A
CONTROLLING INTEREST IN THE MERGED VENTURE.  THE PROPOSED TRANSACTION IS
SUBJECT TO THE APPROVAL OF THE COMPETITION BOARD, WHICH HAS INDICATED THAT IT
WILL CONDUCT A FORMAL INVESTIGATION OF THE TRANSACTION WHICH HAS TO BE
COMPLETED AND PRESENTED TO THE MINISTER OF TRADE AND INDUSTRY WITHIN THREE
MONTHS OF NOTICE THEREOF BEING GIVEN IN THE GOVERNMENT GAZETTE.  IT IS EXPECTED
THAT SUCH A NOTICE WILL APPEAR WITHIN THE NEXT TWO WEEKS.

THE TRANSACTION, IF SUCCESSFULLY CONCLUDED AND APPROVED BY THE COMPETITION
BOARD, COULD HAVE AN EFFECT ON THE PRICE OF NAMPAK'S SECURITIES. ACCORDINGLY,
SHAREHOLDERS ARE ADVISED TO CONTINUE EXERCISING CAUTION WHEN DEALING IN THE
COMPANY'S SECURITIES UNTIL A FULL ANNOUNCEMENT IS MADE.
SANDTON
7 AUGUST 1998