(RESEND)TREMATON - CAUTIONARY ANNOUNCEMENT

TREMATON CAPITAL INVESTMENTS LIMITED
(REGISTRATION NUMBER 97/08969/05)
CAUTIONARY ANNOUNCEMENT

MERRILL LYNCH, SMITH BORKUM HARE (PTY) LTD IS AUTHORISED TO ANNOUNCE THAT
NEGOTIATIONS ARE CURRENTLY IN PROGRESS WHICH, IF SUCCESSFULLY CONCLUDED, MAY
HAVE A MATERIAL IMPACT ON THE MARKET PRICE OF TREMATON SHARES.

THESE NEGOTIATIONS ARE RELATED TO THE ACQUISITION AND FORMATION OF BUSINESSES
PURSUANT TO THE CORPORATE STRATEGY REFERRED TO IN TREMATON'S PRE-LISTING
STATEMENT DATED 17 NOVEMBER 1997 AND ITS INTERIM REPORT DATED 22 MAY 1998.
TREMATON ANTICIPATES EXPANDING THE SCOPE OF ITS ACTIVITIES TO INCLUDE:
- INVESTMENT BANKING;
- PRIVATE AND CORPORATE BANKING;
- SPECIALISED FINANCIAL SERVICES; AND
- INFORMATION TECHNOLOGY.

SHAREHOLDERS ARE ACCORDINGLY ADVISED TO EXERCISE CAUTION IN DEALING WITH THEIR
TREMATON SHARES UNTIL FURTHER DETAILS ARE ANNOUNCED.
DURBAN
14 AUGUST 1998
SPONSORING BROKER
MERILL LYNCH
SMITH BORKUM HARE
SMITH BORKUM HARE (PTY) LTD
MEMBER OF THE JOHANNESBURG STOCK EXCHANGE
REGISTRATION NUMBER 95/01805/07