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Wed 14 Jan 2004, 8:53 RENEWAL OF CAUTIONARY ANNOUNCEMENT
ABSA GROUP LIMITED - RENEWAL OF CAUTIONARY ANNOUNCEMENT                         
ABSA GROUP LIMITED                                                              
(Incorporated in the Republic of South Africa)                                  
(Registration number 1986/003934/06)                                            
JSE code: ASA   Issuer code: AMAGB                                              
ISIN: ZAE000013389                                                              
("Absa")                                                                        
RENEWAL OF CAUTIONARY ANNOUNCEMENT                                              
Further to the cautionary announcement dated 24 November 2003,                  
shareholders are advised that negotiations with regard to the                   
introduction of Empowerment Shareholders at the Absa Group                      
level are still in progress which, if successfully concluded,                   
may have an effect on the price at which Absa shares trade on                   
the JSE Securities Exchange South Africa.  Accordingly,                         
shareholders are advised to exercise caution when trading in                    
Absa"s shares until a further announcement is made.                             
   Johannesburg                                                                 
   14 January 2004                                                              
Lead sponsor                                                                    
Merrill Lynch                                                                
   Global Markets & Investment Banking Group                                    
   Merrill Lynch South Africa (Pty) Ltd                                         
   Registration number 1995/001805/07                                           
Registered Sponsor and  Member of the                                        
   JSE Securities Exchange South Africa                                         
Lead sponsor                                                                    
   ABSA Corporate and Merchant Bank                                             
Corporate Finance                                                            
  (Registration number 1986/004794/06)                                          
Date: 14/01/2004 08:11:17 AM Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department                                             
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