Howden Africa Holdings Limited - Cautionary Announcement

Howden Africa Holdings Limited - Cautionary Announcement                        
Howden Africa Holdings Limited                                                  
(Incorporated in the Republic of South Africa)                                  
(Registration number 1996/002982/06)                                            
Share code: HWN  ISIN: ZAE000010583                                             
("HAH" or "the Company")                                                        
CAUTIONARY ANNOUNCEMENT                                                         
Shareholders are advised that negotiations have recommenced with regards to a   
merger of Howden Pumps (Proprietary) Limited, a wholly-owned subsidiary of HAH, 
with the businesses of Orbit Pump Manufacturing (Proprietary) Limited and Orbit 
Pump Manufacturing (Botswana) (Proprietary) Limited, wholly-owned subsidiaries  
of Liquid Movers Holdings NV ("LMH").  Should these negotiations be successfully
concluded, they may have a material effect on the price of the Company"s shares.
HAH and LMH will use their best endeavours to give effect to and conclude the   
proposed merger, which merger, will be subject to, inter alia, the requisite    
regulatory authorities and approvals.                                           
Until such time as the negotiations are completed and full details can be       
provided, shareholders should exercise caution when dealing in the Company"s    
shares until a further announcement is made.                                    
Johannesburg                                                                    
1 September 2003                                                                
Corporate adviser and sponsor                                                   
PricewaterhouseCoopers Corporate Finance (Proprietary) Limited                  
(Registration number 1970/003711/07)                                            
Date: 01/09/2003 05:15:04 PM Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department