LABAT INDUSTRIAL HOLDINGS REPORTS CONFUSED WITH LABAT AFRICA LIMITED

MEDIA RELEASE
3 APRIL 2000

LABAT INDUSTRIAL HOLDINGS REPORTS CONFUSED WITH LABAT AFRICA LIMITED

THE BUSINESS AND ACTIVITIES OF LABAT INDUSTRIAL HOLDINGS (LIH) ARE IN NO WAY
RELATED TO THE JSE-LISTED LABAT AFRICA LIMITED GROUP.

"MEDIA REPORTS ON LIH LAST WEEK CREATED CONFUSION IN THE MARKET AS THE COMPANY
WAS PERCEIVED TO BE PART OF OUR GROUP," SAYS LABAT AFRICA LTD CEO, BRIAN VAN
ROOYEN. "I HAVE HAD TO FIELD NUMEROUS CALLS AS A RESULT OF THIS MISPERCEPTION,
BUT WISH TO SET THE RECORD STRAIGHT.

"LIH WAS A VENTURE IN WHICH THE LABAT GROUP HELD A MAJORITY STAKE PRIOR TO
LISTING. AT THE TIME OF REVERSE-LISTING VIA ACREM IN JUNE LAST YEAR, LIH WAS
SEPARATED FROM THE REST OF THE GROUP AS IT DETRACTED FROM OUR FOCUS.

"FURTHER REPORTS ON LIH CHANGING ITS NAME CREATED MORE CONFUSION. I CAN ENSURE
INVESTORS THAT LABAT AFRICA LIMITED IS CHANGING NEITHER ITS NAME, ITS FOCUS OR
DRIVE

"THE GROUP IS LOOKING GOOD AND I LOOK FORWARD TO REPORTING RESULTS WELL IN LINE
WITH OUR PRE-LISTING PROJECTIONS."
ENDS