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Fri 27 Feb 2004, 12:16 Cautionary Announcement
Afgri Limited - Cautionary Announcement                                         
  AFGRI LIMITED                                                                   
  (Incorporated in the Republic of South Africa)                                  
  Registration number: 1995/004030/06                                             
  Share Code: AFR                                                                 
  (ISIN : ZAE000040549)                                                           
  ("the company" or "AFGRI")                                                      
  CAUTIONARY ANNOUNCEMENT                                                         
  Shareholders are advised that AFGRI and Astral Foods Limited ("Astral"), 50%    
  joint venture partners in Earlybird Farms (Pty) Limited ("Earlybird"), have     
  entered into negotiations to acquire this company"s 50% equity interest in      
  Earlybird ("the proposed transaction"). The proposed transaction may have a     
  material effect on the price of the AFGRI shares and shareholders are advised to
  exercise caution when dealing in the company"s shares, until a full announcement
  is made.                                                                        
  Johannesburg                                                                    
  27 February 2004                                                                
  Date: 27/02/2004 12:11:15 PM Produced by the JSE SENS Department
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