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ORE
 ORE                                                                             
ORE - Orion Real Estate - Renewal Of Cautionary Announcement                    
ORION REAL ESTATE LIMITED                                                       
(formerly Alpina Investment Holdings Limited)                                   
(Incorporated in the Republic of South Africa)                                  
(Registration number: 1997/021085/06)                                           
Share Code: ORE & ISIN: ZAE000075651                                            
("Orion Real Estate" or "the company")                                          
RENEWAL OF CAUTIONARY ANNOUNCEMENT                                              
Further to the cautionary announcement dated 08 March 2007 and renewals         
thereof on 04 May 2007 and 21 June 2007, shareholders are advised that          
negotiations are still in process which, if successfully concluded may have a   
material effect on the price at which the company`s securities trade on the     
JSE Limited. Accordingly, shareholders are advised to continue to exercise      
caution when dealing in the company`s securities until a full announcement is   
made.                                                                           
Johannesburg                                                                    
06 August 2007                                                                  
Sponsor                                                                         
Arcay Moela Sponsors (Proprietary) Limited                                      
Date: 06/08/2007 16:52:17 Produced by the JSE SENS Department.

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