TREMATON - TRANSFER OF SECTOR AND RENEWAL OF CAUTIONARY ANNOUNCEMENT

TRANSFER OF SECTOR AND RENEWAL OF CAUTIONARY ANNOUNCEMENT
TREMATON CAPITAL INVESTMENTS LIMITED
(INCORPORATED IN THE REPUBLIC OF SOUTH AFRICA)
(REGISTRATION NUMBER 97/08691/06)

TRANSFER OF SECTOR AND RENEWAL OF CAUTIONARY ANNOUNCEMENT

SHAREHOLDERS ARE ADVISED THAT THE JOHANNESBURG STOCK EXCHANGE LISTINGS
COMMITTEE HAS APPROVED THE COMPANY'S APPLICATION TO TRANSFER ITS LISTING TO THE
FINANCIAL - "PRIVATE EQUITY FUNDS" SECTOR FROM THE FINANCIAL - "INVESTMENT
TRUST" SECTOR WITH EFFECT FROM 26 APRIL 1999.

IN ADDITION, SHAREHOLDERS ARE ADVISED THAT CONSIDERABLE PROGRESS HAS BEEN MADE
IN COMPLETING THE NEGOTIATIONS REFERRED TO IN THE CAUTIONARY NOTICE TO
SHAREHOLDERS ANNOUNCED IN THE FINANCIAL PRESS ON 1 APRIL 1999. SHAREHOLDERS
SHOULD EXPECT AN ANNOUNCEMENT IN THIS REGARD WITHIN THE NEXT TWO WEEKS.
ACCORDINGLY, SHAREHOLDERS ARE ADVISED TO CONTINUE TO EXERCISE CAUTION IN
DEALING IN THE COMPANY'S SECURITIES UNTIL THIS ANNOUNCEMENT IS MADE.
DURBAN
22 APRIL 1999
SPONSORING BROKER
MERRILL LYNCH SOUTH AFRICA (PTY) LTD.
MEMBER OF THE JOHANNESBURG STOCK EXCHANGE
REGISTRATION NUMBER 95/01805/07