LABAT AFRICA LIMITED - FURTHER CAUTIONARY ANNOUNCEMENT

LABAT AFRICA LIMITED - FURTHER CAUTIONARY ANNOUNCEMENT                          
LABAT AFRICA LIMITED                                                            
(Incorporated in the Republic of South Africa)                                  
(Registration number 1986/001616/06)                                            
JSE Share code: LAB   ISIN: ZAE000018354                                        
("Labat" or "the company")                                                      
FURTHER CAUTIONARY ANNOUNCEMENT                                                 
Shareholders are referred to the cautionary announcement dated 31 May 2004, and 
are advised to continue to exercise caution when dealing in their shares until  
further announcements regarding the disposal of Labat Retail and the proposed   
rights issue have been made.                                                    
8 July 2004                                                                     
Sponsor                                                                         
Brait                                                                           
Date: 08/07/2004 12:26:20 PM Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department