Transpaco Limited - Further cautionary announcement

Transpaco Limited - Further cautionary announcement                             
TRANSPACO LIMITED                                                               
(Incorporated in the Republic of South Africa)                                  
(Registration number 1951/000799/06)                                            
Share code: TPC & ISIN: ZAE000007480                                            
("Transpaco")                                                                   
FURTHER CAUTIONARY ANNOUNCEMENT                                                 
Further  to  the  cautionary  announcement dated 28 March  2006  and  subsequent
renewal announcements dated 9 May 2006 and 22 June 2006 shareholders are advised
that  Transpaco has entered into binding heads of agreement with Nampak Products
Limited  ("Nampak") relating to the purchase by Transpaco of  Nampak"s  business
situated in Bellville, Cape Town comprising the manufacture and distribution  of
plastic  flimsy unprinted bread bags, flimsy bags on a roll, refuse  bags,  vest
type  carrier bags and boutique bags.  The heads of agreement will lapse if  not
superseded  by  a  final agreement by 21 July 2006 or such  later  date  as  the
parties  may  agree.  The final agreement will be subject to the  conclusion  of
inter alia a satisfactory due diligence investigation by Transpaco, the approval
of  the  competition authorities and of Transpaco"s shareholders to  the  extent
that it becomes necessary.                                                      
Further  details of the proposed transaction will be announced  once  the  final
agreement has been signed.                                                      
Transpaco shareholders are advised to continue to exercise caution when  dealing
in Transpaco securities until a further announcement is made.                   
Johannesburg                                                                    
4 July 2006                                                                     
Sponsor                            Legal Advisors                               
Investec                           Werksmans Inc                                
Date: 04/07/2006 02:32:07 PM Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department