TREMATON CAPITAL INVESTMENTS LTD - FURTHER CAUTIONARY ANNOUNCEMENT

TREMATON CAPITAL INVESTMENTS LIMITED
(INCORPORATED IN THE REPUBLIC OF SOUTH AFRICA)
(REGISTRATION NUMBER 97/08691/06)
("THE COMPANY")
FURTHER CAUTIONARY ANNOUNCEMENT

SHAREHOLDERS ARE ADVISED THAT, FURTHER TO THE CAUTIONARY ANNOUNCEMENT PUBLISHED
ON 6 MARCH 2000, NEGOTIATIONS ARE STILL UNDERWAY WHICH MAY HAVE A MATERIAL
EFFECT ON THE PRICE OF THE COMPANY'S SHARES.

THESE NEGOTIATIONS RELATE TO THE PARTICIPATION BY THE COMPANY AS A MEMBER OF A
CONSORTIUM ASSEMBLED BY MCCARTHY BANK LIMITED, WHICH CONSORTIUM HAS ACQUIRED
FROM NEW AFRICA INVESTMENTS LIMITED ITS 61,47% SHAREHOLDINGS AND CLAIMS ON LOAN
ACCOUNT IN NEW AFRICA TECHNOLOGY HOLDINGS (PROPRIETARY) LIMITED ("NATH") FOR A
CONSIDERATION OF R288,7 MILLION. NATH IS AN INFORMATION TECHNOLOGY GROUP WHOSE
BUSINESS IS CONDUCTED PRIMARILY IN EUROPE AND SOUTH AFRICA.

ACCORDINGLY, SHAREHOLDERS ARE ADVISED TO CONTINUE TO EXERCISE CAUTION WHEN
DEALING IN THE COMPANY'S SHARES UNTIL A FURTHER ANNOUNCEMENT IS MADE.
27 MARCH 2000
SPONSORING BROKERS
MCCARTHY BANK LIMITED
(REGISTRATION NUMBER 97/20333/09)
MERRILL LYNCH SOUTH AFRICA (PTY) LTD
MEMBER OF THE JOHANNESBURG STOCK EXCHANGE
REGISTRATION NUMBER 1995/001805/07