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SQE
 SQE                                                                             
SQE - Square One - Cautionary Announcement                                      
SQUARE ONE SOLUTIONS GROUP LIMITED                                              
(Incorporated in the Republic if South Africa)                                  
Registration number 1999/026822/06                                              
Share Code : SQE & ISIN : ZAE00023768                                           
("Square One" or "the company")                                                 
CAUTIONARY ANNOUNCEMENT                                                         
Shareholders are advised that the Company is currently involved in              
negotiations regarding a potential acquisition.  The potential acquisition if   
concluded could have an effect on the price of Square One shares.               
Shareholders are therefore advised to exercise caution in dealing with the      
shares of Square One until such time that a further announcement is made.       
Sandton                                                                         
25 July 2007                                                                    
SPONSOR                                                                         
EXCHANGE SPONSORS (PTY) LIMITED                                                 
Date: 25/07/2007 14:46:51 Produced by the JSE SENS Department.

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