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Fri 20 Feb 2004, 13:27 Additional cautionary announcement
Primedia Limited - Additional cautionary announcement                           
Primedia Limited                                                                
(Incorporated in the Republic of South Africa)                                  
(Registration number 1993/003355/06)                                            
Share code: PMA ISIN: ZAE000035119                                              
Share code: PMN ISIN: ZAE000035127                                              
     ("Primedia" or "the company")                                              
Additional cautionary announcement                                              
Investec Bank Limited is authorized to announce that Primedia is at an advanced 
stage of negotiations, the outcome of which may have a material effect on the   
price of the company"s shares.  These negotiations are unrelated to the         
previously announced proposed acquisition of certain of the media assets of     
Nail, in terms of which cautionary announcements were published on 2 October    
2003, 14 November 2003 and 24 December 2003. Accordingly, shareholders are      
advised to continue to exercise caution in dealing in their Primedia shares     
until a further announcement has been made.                                     
Sandton                                                                         
20 February 2004                                                                
     Investment bank             Sponsor                                        
Investec Corporate          Investec Bank Limited
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