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Thu 11 Mar 2004, 16:04 JOINT CAUTIONARY ANNOUNCEMENT
KERSAF INVESTMENTS LIMITED - JOINT CAUTIONARY ANNOUNCEMENT                      
  Kersaf Investments Limited                                                      
  (Incorporated in the Republic of South Africa)                                  
  (Registration number 1967/007528/06)                                            
  Share code: KER    ISIN: ZAE000003844                                           
  ("Kersaf")                                                                      
  Sun International (South Africa) Limited                                        
  (Incorporated in the Republic of South Africa)                                  
  (Registration number 1977/071333/06)                                            
  Share code: SIS    ISIN: ZAE000010104                                           
  ("SISA")                                                                        
  JOINT CAUTIONARY ANNOUNCEMENT                                                   
  Kersaf has expressed its interest to the SISA board of directors to acquire     
  the issued share capital of SISA which it does not already own ("the proposed   
  acquisition").                                                                  
  Should Kersaf proceed with the proposed acquisition, there may be an impact on  
  the price at which Kersaf and SISA shares trade on the JSE Securities Exchange  
  South Africa ("JSE") and implementation of the proposed acquisition may result  
  in SISA"s shares being delisted from the JSE.                                   
  Shareholders of Kersaf and SISA are accordingly advised to exercise caution     
  when dealing in their Kersaf and SISA shares until a further announcement is    
  made.                                                                           
  Sandton                                                                         
  11 March 2004                                                                   
  Sponsor to Kersaf                                                               
     Investec Corporate Finance                                                   
     Investec Bank Limited                                                        
  (Registration number 1969/004763/06)                                          
  Sponsor to SISA                                                                 
     NEDBANK                                                                      
     Corporate                                                                    
  Date: 11/03/2004 03:45:58 PM Produced by the JSE SENS Department                
                                                                                  
                                                                                  
                                                                                  
  



 
 
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