ASPEN PHARMACARE HOLDINGS LIMITED - CAUTIONARY ANNOUNCEMENT

ASPEN PHARMACARE HOLDINGS LIMITED - CAUTIONARY ANNOUNCEMENT                     
Aspen Pharmacare Holdings Limited                                               
(Incorporated in the Republic of South Africa)                                  
(Registration number 1985/002935/06)                                            
JSE Share code: APN                                                             
ISIN: ZAE000023586                                                              
("Aspen")                                                                       
CAUTIONARY ANNOUNCEMENT                                                         
Investec Bank Limited is authorised to announce that Aspen has entered into     
negotiations, which, if successfully concluded, may have a material effect on   
the price at which Aspen"s securities trade on the JSE Securities Exchange South
Africa. Accordingly, shareholders of Aspen are advised to exercise caution when 
dealing in Aspen"s securities until a further announcement is made.             
Sandton                                                                         
6 May 2004                                                                      
Sponsor:                                                                        
Investec Bank Limited                                                           
(Registration number 1969/004763/06)                                            
Date: 06/05/2004 10:43:24 AM Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department