SEKUNJALO - STATEMENT BY DIRECTORS AND CAUTIONARY ANNOUNCEMENT

SEKUNJALO INVESTMENTS LIMITED
(INCORPORATED IN THE REPUBLIC OF SOUTH AFRICA)
(REGISTRATION NUMBER 96/06093/06)
("SEKUNJALO")
STATEMENT BY DIRECTORS AND CAUTIONARY ANNOUNCEMENT

THE DIRECTORS OF SEKUNJALO HAVE RESOLVED TO ASSESS THE OVERALL POSITION OF
SEKUNJALO FOLLOWING LEISURENET LIMITED ("LEISURENET") BEING PLACED INTO
PROVISIONAL LIQUIDATION ON 7 OCTOBER 2000.  SEKUNJALO HAS A DIRECT INTEREST OF
APPROXIMATELY 12% OF THE ISSUED SHARE CAPITAL OF LEISURENET.

SEKUNJALO'S OTHER MAJOR INVESTMENTS ARE ITS 56% ECONOMIC INTEREST IN PREMIER
FISHING SA (PROPRIETARY) LIMITED AND ITS 32% ECONOMIC INTEREST IN SEKUNJALO
HEALTHCARE LIMITED.  THE DIRECTORS OF SEKUNJALO ARE CONSIDERING VARIOUS
STRATEGIC OPTIONS AND INTEND TO RELEASE A DETAILED ANNOUNCEMENT IN THE NEAR
FUTURE.

ACCORDINGLY, SEKUNJALO SHAREHOLDERS ARE ADVISED TO EXERCISE CAUTION WHEN
DEALING IN THEIR SHARES UNTIL SUCH TIME AS A FURTHER ANNOUNCEMENT IS MADE.
THE BOARD OF DIRECTORS
CAPE TOWN
12 OCTOBER 2000