NAMPAK - FURTHER CAUTIONARY ANNOUNCEMENT

NAMPAK LIMITED
(INCORPORATED IN THE REPUBLIC OF SOUTH AFRICA)
(REGISTRATION NUMBER 68/08070/06)
("NAMPAK")
FURTHER CAUTIONARY ANNOUNCEMENT

FURTHER TO THE CAUTIONARY ANNOUNCEMENT DATED 1 DECEMBER 1998, SHAREHOLDERS ARE
ADVISED THAT THE MINISTER OF TRADE & INDUSTRY DIRECTED THE COMPETITION BOARD TO
NEGOTIATE AN ARRANGEMENT WITH NAMPAK AND CROWN CORK & SEAL COMPANY INC OF THE
USA ("CROWN") WITH REGARD TO THE PROPOSED MERGER OF CROWN CORK COMPANY S.A.
(PTY) LTD AND NAMPAK'S METALS BUSINESSES.  AN ARRANGEMENT HAS BEEN ARRIVED
BETWEEN THE COMPETITION BOARD, NAMPAK AND CROWN IN TERMS OF WHICH THE PARTIES
MAY PROCEED WITH THE PROPOSED TRANSACTION SUBJECT TO THE EXCLUSION OF THE CROWN
CORK COMPANY S.A. (PTY) LTD FOODCAN BUSINESS FROM THE TRANSACTION.  THAT
FOODCAN BUSINESS WILL CONTINUE TO BE CONTROLLED BY CROWN'S EUROPEAN DIVISION,
CARNAUDEMETALBOX.  NAMPAK WILL HAVE A CONTROLLING INTEREST IN THE MERGED
ENTITY.  THE PARTIES HAVE ALSO GIVEN THE COMPETITION BOARD CERTAIN FURTHER
UNDERTAKINGS AND ARE PROCEEDING WITH THE FINALISATION OF A BINDING AGREEMENT.
THE CONCLUSION OF THE NEGOTIATIONS MAY HAVE AN EFFECT ON THE PRICE OF NAMPAK'S
SECURITIES.  ACCORDINGLY SHAREHOLDERS ARE ADVISED TO CONTINUE EXERCISING
CAUTION WHEN DEALING IN NAMPAK'S SECURITIES UNTIL A FULL ANNOUNCEMENT IS MADE.
SANDTON
11 FEBRUARY 1999