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WINECORP LIMITED - CAUTIONARY ANNOUNCEMENT                                      
  WINECORP LIMITED                                                                
  (Incorporated in the Republic of South Africa)                                  
  Registration number 1997/012032/06                                              
  Share code:WNE                                                                  
  ISIN:ZAE  000027710                                                             
  ("Winecorp" or "the company")                                                   
  CAUTIONARY ANNOUNCEMENT                                                         
  Shareholders are advised that the company has entered into discussion which, if 
  successful, may have a material impact on the share price of the company.       
  Shareholders should therefore exercise caution in dealing in the shares of the  
  company until further notice.                                                   
  Stellenbosch                                                                    
  11 March 2004                                                                   
  Sponsor                                                                         
  SASFIN CORPORATE FINANCE                                                        
  A division of Sasfin Bank Limited                                               
  Date: 11/03/2004 04:00:02 PM Produced by the JSE SENS Department                
                                                                                  
                                                                                  
                                                                                  
  

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