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Wed 30 Apr 2008, 16:33 MIP - Merchant - Cautionary Announcement
MIP
 MIP                                                                             
MIP - Merchant - Cautionary Announcement                                        
Merchant & Industrial Properties Limited                                        
(Formerly Marshalls Limited)                                                    
Share Code: "MIP" & ISIN: "ZAE000102265                                         
("Merchant" or "the Company)                                                    
CAUTIONARY ANNOUNCEMENT                                                         
Merchant shareholders are advised that the Company has entered into             
negotiations, which if successfully concluded may have a material effect on the 
share price of Merchant. Accordingly shareholders are advised to exercise       
caution when dealing in Merchant shares until a further announcement is made.   
Durban                                                                          
30 April 2008                                                                   
Sponsor                                                                         
Sasfin Capital                                                                  
(A division of Sasfin Bank Limited)                                             
Date: 30/04/2008 16:33:01 Produced by the JSE SENS Department.                  
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