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Wed 16 Apr 2003, 17:39 CAUTIONARY ANNOUNCEMENT
Acuity Group Holdings Limited - Cautionary Announcement                         
Acuity Group Holdings Limited                                                   
   (Incorporated in the Republic of South Africa)                               
(Registration number: 1998/011074/06)                                        
   Share code: ACY  ISIN: ZAE000018149                                          
   ("Acuity" or "the company")                                                  Shareholders are advised that the company has entered into negotiations,     
which if successfully concluded, may have a material effect on the price at     
which the company"s shares trade on the JSE Securities Exchange South Africa.   
Shareholders are accordingly advised to exercise caution when dealing in the    
company"s securities until a further announcement in this regard is made.       
   Pretoria                                                                     
   16 April 2003                                                                
Corporate Advisor                                                               
Radagast Capital (Proprietary) Limited                                        
  (Registration number: 2000/030942)                                            
Sponsor                                                                         
  LPC Manhattan Sponsors (Pty) Ltd                                              
(Registration number: 1999/024792/07)                                         
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