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Fri 26 Mar 2004, 17:08 Further Cautionary Announcement
Winecorp Limited - Further Cautionary Announcement                              
  Winecorp Limited                                                                
  (Incorporated in the Republic of South Africa)                                  
  Registration number 1997/012032/06                                              
  Share code:  WNE                                                                
  ISIN:  ZAE000027710                                                             
  ("Winecorp" or "the company")                                                   
  FURTHER CAUTIONARY ANNOUNCEMENT                                                 
  Shareholders are referred to the cautionary announcement published on SENS on 11
  March 2004 and in the press on 12 March 2004 and are advised that the company   
  has entered into discussions which may result in the merger of its business     
  operations with that of Winecorp SA (Proprietary) Limited, a subsidiary of the  
  Spier Group of Companies and the delisting of Winecorp.                         
  Shareholders should therefore continue to exercise caution in dealing in the    
  shares of the company until further notice.                                     
  Stellenbosch                                                                    
  26 March 2004                                                                   
  Sponsor                                                                         
  SASFIN CORPORATE FINANCE                                                        
  A division of Sasfin Bank Limited                                               
  Date: 26/03/2004 05:00:02 PM Produced by the JSE SENS Department                
                                                                                  
                                                                                  
                                                                                  
  



 
 
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