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Thu 19 Feb 2004, 13:13 CAUTIONARY ANNOUNCEMENT
JOHN DANIEL HOLDINGS LIMITED - CAUTIONARY ANNOUNCEMENT                          
John Daniel Holdings Limited                                                    
Registration number 1998/013215/06)                                             
SHARE CODE: JDH    ISIN: ZAE000044343                                           
("JDH" or "the company")                                                        
CAUTIONARY ANNOUNCEMENT                                                         
LPC Manhattan Sponsors (Proprietary) Limited is authorised to announce that     
negotiations are in progress between Vinguard Limited ("Vinguard"), an          
operational subsidiary of JDH, and a Multi-National Organisation.               
The negotiations relate to the possible sale of a stake in Vinguard and a global
sales and distribution agreement.  Shareholders are accordingly advised to      
exercise caution in dealing in the company"s shares until a further announcement
is made.                                                                        
Stellenbosch                                                                    
19 February 2004                                                                
Sponsor                                                                         
LPC Manhattan Sponsors (Pty) Ltd                                                
Date: 19/02/2004 12:42:01 PM Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department
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