ISA Holdings Limited - Cautionary Announcement

ISA Holdings Limited - Cautionary Announcement                                  
ISA HOLDINGS LIMITED (formerly Y3K GROUP LIMITED)                               
("ISA", "the company" or "the group")                                           
(Registration number: 1998/009608/06)                                           
JSE share code: ISA (formerly YHK)                                              
ISIN code: ZAE000067344 (formerly ZAE000017208)                                 
Cautionary Announcement                                                         
In accordance with the AltX Listings Requirements, shareholders are advised of  
the risks of investing in a company listed on AltX and are advised that the JSE 
does not guarantee the viability or the success of a company listed on AltX. In 
terms of JSE Listings requirements a Designated Adviser has to be retained by   
the company. The Designated Adviser is required to, inter alia, attend all board
meetings held by the company to ensure that all JSE Listings Requirements and   
applicable regulations are complied with, approve the financial director of the 
company and guide the company in a competent, professional and impartial manner.
If the company fails to retain a Designated Adviser it must make arrangements to
appoint a new Designated Adviser within 10 business days, failing which the     
company faces suspension of trading of its securities. If a Designated Adviser  
is not appointed within 30 days of its suspension the company faces the         
termination of its listing without an offer to minorities.                      
In terms of the section 5.50 to 5.52 and section 21.8 of the JSE Listing        
Requirements pertaining to issue of shares for cash, the company hereby         
announces that it has entered into negotiations with potential Black Economic   
Empowerment partners to acquire up to 32.5% of the equity securities of the     
group by way of a new issue of shares for cash.                                 
Shareholders are advised that the company has entered into negotiations, as     
described above, which if successfully concluded may have a material effect on  
the price of the company"s securities. Accordingly, shareholders are advised to 
exercise caution when dealing in the company"s securities until a full          
announcement is made.                                                           
Randburg                                                                        
4 May 2006                                                                      
Designated Advisor: River Sponsors                                              
Date: 04/05/2006 04:41:08 PM Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department