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 further cautionary announcements dated 18      
October and 29 November 2004, and are advised to continue to exercise caution   
when dealing in their shares until a detailed announcement regarding the        
disposal of Labat Retail has been made.                                         
19 January 2004                                                                 
Sponsor                                                                         
Brait Sponsors (Pty) Ltd.                                                       
Date: 19/01/2005 11:15:27 AM Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department