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Thu 8 Jan 2004, 17:08 Further cautionary announcement
Putco Limited - Further cautionary announcement                                 
Putco Limited                                                                   
(Incorporated in the Republic of South Africa)                                  
(Registration number 1945/018672/06)                                            
Share code: PTC                                                                 
ISIN: ZAE000005716                                                              
("the company")                                                                 
Further cautionary announcement                                                 
Shareholders are referred to the cautionary announcements published on 16 August
2002, 30 September 2002, 11 November 2002, 23 December 2002,3 February 2003, 17 
March 2003, 25 April 2003, 6 June 2003, 18 July 2003,5 September 2003, 17       
October 2003 and 28 November 2003, respectively.                                
The directors remain actively involved in negotiations with interested Black    
Economic Empowerment and other parties, which may result in an offer for the    
shares of the company.                                                          
Accordingly, shareholders are advised to continue to exercise caution when      
dealing in the company"s securities until a further announcement is made.       
Johannesburg                                                                    
9 January 2004                                                                  
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