Nampak/Malbak - Renewal of joint cautionary announcement

Nampak Limited                        Malbak Limited

(Incorporated in the Republic of      (Incorporated in the Republic of
South Africa)                         South Africa)

Share code NPK                        Share code MLB

ISIN code ZAE000004933                ISIN code ZAE000004487

(Registration number 1968/008070/06)  (Registration number 1946/022234/06)
("Nampak")                            ("Malbak")
Renewal of joint cautionary announcement

Further to the joint cautionary announcement dated 23 January 2002,

shareholders are advised that Nampak and Malbak are still involved in
merger negotiations, which if successfully concluded may have an effect on
the price of Nampak and/or Malbak securities.

Accordingly, shareholders of Nampak and Malbak are advised to continue
exercising caution when dealing in the securities of the respective

companies until such time as a further announcement is made.
Johannesburg
7 March 2002

Financial adviser to Nampak           Financial adviser and lead sponsor to
                                      Malbak

UBS Warburg Corporate Finance South   SG Hambros South Africa
Africa (Pty) Ltd
A financial services group of UBS AG
(Registration number 1994/008363/07)

Sponsor to Nampak                     Sponsor to Malbak

UBS Warburg Securities South Africa   Rand Merchant Bank
(Pty) Ltd

A financial services group of UBS AG  Corporate Finance

(Member of the JSE Securities         A division of FirstRand Bank Limited
Exchange South Africa)
(Registration number 1995/011140/07)